Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.
Zacks also provides a simplified scale for analyst recommendations.
Several firms have issued research on Starbucks Corporation. Starbucks Corporation (SBUX) now trades with a market capitalization of $85.39 Billion. I expect these shares to reach $65 in the next 12 to 18 months on the back on rising profit margins and global expansion. The stock price is trading upbeat from its 200 days moving average with 4.82% and up from 50 days moving average with 2.36%. Starbucks Corp. has a 12-month low of $50.84 and a 12-month high of $61.78.
Starbucks Corp. served fewer customers in the fiscal first quarter ended January 1, but customers spent more money per order, helping Starbucks generate a 3-percent domestic same-store sales increase in the period, the company said Thursday. Morningstar Premium Members gain exclusive access to our full analyst reports, including fair value estimates, bull and bear breakdowns, and risk analyses.
GOES-16, new satellite views Earth for first time
It will be launched in about a year as GOES-17 and will eventually take up a position opposite from the one assigned to GOES-16. It's like "high-definition from the heavens", the National Oceanic and Atmospheric Administration said in a statement.
Revenue rose to $5.7 billion from $5.4 billion a year earlier as net income attributable to Starbucks rose to $751.8 million from $687.6 million. The business's revenue was up 16.2% compared to the same quarter a year ago. Starbucks also cut its 2017 revenue guidance from double digit growth to +8-10% growth. The stock is down 3.69% or $2.16 hitting $56.3, despite the positive news. Starbucks Corporation's dividend payout ratio is 52.63%.
WARNING: This report was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation. The current share price indicate that stock is 0.09% away from its one year high and is moving 116.62% ahead of its one year low. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $58.65, for a total value of $9,900,941.10. 10,697,278 shares of the company were exchanged. The disclosure for this sale can be found here.
At the movement stock is under coverage by number of analysts. Starbucks Rewards has 13 million active members, a 16 percent increase from previous year, Forbes reported. The Weekly and Monthly Volatility stands at 1.21% and 1.22%. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Starbucks Corporation during the second quarter worth about $123,000. During the same quarter past year, the firm posted $0.43 earnings per share.
Buckingham Research analysts provided their view on Starbucks Corporation (NASDAQ:SBUX) recently. Some are warm to the coffee giant's prospects, while others are cold.