Telsey Advisory Group Initiates Coverage On Starbucks Corporation to Outperform with Price Target $66

Telsey Advisory Group Initiates Coverage On Starbucks Corporation(SBUX). In a research note issued to the investors, the brokerage major Announces the price-target to $66 per share. The shares have been rated Outperform. The rating by the stock financial advisor at Telsey Advisory Group was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 13, 2017, Wedbush said it Maintains its rating on Starbucks Corporation. In the research note, the firm Maintains the price-target to $65 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 10, 2017, Argus Research said it Downgrades its rating on Starbucks Corporation. The shares have been rated ‘Hold’ by the firm.

Starbucks Corporation (SBUX) made into the market gainers list on Fridays trading session with the shares advancing 1.72% or 0.96 points. Due to strong positive momentum, the stock ended at $56.81, which is also near the day’s high of $57.38. The stock began the session at $56.11 and the volume stood at 1,57,63,000 shares. The 52-week high of the shares is $61.64 and the 52 week low is $50.84. The company has a current market capitalization of $82,795 M and it has 1,45,74,00,000 shares in outstanding.

Starbucks Corporation(SBUX) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $5.733B. Analysts had an estimated revenue of $5.850B. Earnings per share were $0.52. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Feb 6, 2017, William W Bradley (director) sold 113,346 shares at $54.23 per share price.Also, On Feb 2, 2017, Joshua Cooper Ramo (director) sold 5,868 shares at $55.23 per share price.On Dec 16, 2016, Lucy Lee Helm (evp, gen. counsel & secretary) sold 29,244 shares at $58.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Starbucks Corporation is the roaster marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells along with coffee tea and other beverages and a range of fresh food items through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels such as licensed stores grocery and national foodservice accounts. It operates through four segment: Americas which includes the United States Canada and Latin America; Europe Middle East and Africa (EMEA); China/Asia Pacific (CAP) and Channel Development. In addition to its Starbucks Coffee brand it also sells goods and services under the brands including Teavana Tazo Seattle’s Best Coffee Evolution Fresh La Boulange and Ethos. Its Americas EMEA and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts primarily in Canada and the United Kingdom.

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