Analysts Rating Stocks Buzz: Starbucks Corporation (NASDAQ:SBUX) & CytRx Corporation (NASDAQ:CYTR)

Stifel Ups Starbucks To Buy: Sales Growth Not Priced Into The Stock
Starbucks Corporation performed Very Well with a change of 1.76% in the Last Trade
Author

24 April, 2017

Hilltop Holdings Inc. decreased its position in Starbucks Co.

On Thursday, Shares of Starbucks Corporation (NASDAQ:SBUX) gained 1.76% to $60.08. Sciencast Management LP bought a new position in Starbucks during the fourth quarter worth $478,000. OR's portfolio, making the stock its 28th largest position. Looking at this figure it suggests that the shares of Starbucks Corporation (SBUX) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Starbucks Corporation (SBUX) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Cornerstone Advisors Inc. now owns 2,637 shares of the coffee company's stock valued at $143,000 after buying an additional 1,715 shares during the last quarter. Fusion Family Wealth LLC acquired a new position in Starbucks during the fourth quarter valued at about $123,000. Grassi Investment Management increased its stake in shares of Starbucks by 2.7% in the third quarter. Vontobel Asset Management Inc. now owns 3,517,590 shares of the coffee company's stock valued at $196,385,000 after buying an additional 3,100,871 shares during the period. Cornerstone Advisors Inc. boosted its position in Starbucks by 186.0% in the third quarter. Insiders own 3.40% of the company's stock. Finally, Raymond James Trust N.A. increased its stake in shares of Starbucks by 2.8% in the third quarter. He writes that he expects the stock's multiple to expand thanks to same-store sales growth of at least 5% to 6% in USA locations in the next year, and with slightly lower growth globally. Consequently, investors will be able to grasp the rudimentary determinant of asset distribution and all kinds of risk-return parameters for stocks together with the stock mutual funds.

Starbucks Corporation (SBUX) belongs to the "Services" sector with an industry focus on "Specialty Eateries", with Mr. Howard D. Schultz as Founder and Exec. Chairman. The stock had a trading volume of 8,799,985 shares.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 7.74%, and has a solid year to date (YTD) performance of 8.7% which means the stock is constantly adding to its value from the previous fiscal year end price. The stock has a market cap of $88.33 billion, a price-to-earnings ratio of 31.08 and a beta of 0.79.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, January 26th. The coffee company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.52. At present, the Gross Margin for Starbucks Corporation SBUX Specialty Eateries is moving around at 60.20% alongside a Profit Margin of 13.30%. The business had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.85 billion. The firm's quarterly revenue was up 6.7% compared to the same quarter a year ago. The company's revenue was up 6.7% on a year-over-year basis. The stock has earnings growth of 76.00% yoy and showed a high EPS growth of 4.80% over the past five years.

COPYRIGHT VIOLATION WARNING: "Hilltop Holdings Inc". OR Sells 4,881 Shares of Starbucks Co. "(SBUX) Coverage Initiated by Analysts at Telsey Advisory Group" was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright legislation. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/union-bankshares-corp-invests-204000-in-starbucks-co-sbux/643218.html.

SBUX has been the subject of several research reports. Credit Suisse Group AG restated a "neutral" rating and set a $55.00 target price on shares of Starbucks in a research report on Monday, January 30th.

Analyst Mark Astrachan and his team upgraded the shares from Hold to Buy, with a $67 price target. They noted that the move was a valuation call. Thirteen brokerages rating the company a strong buy, eleven brokerages rating the company a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $68.13.


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