Starbucks Corp (NASDAQ:SBUX) Stock Price Up as Sentiment Improves

Marco Green
June 24, 2017

Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. The hedge fund held 321,354 shares of the restaurants company at the end of 2016Q4, valued at $17.84M, up from 312 at the end of the previous reported quarter. The last session's volume of 15.20 million shares was lower than its average volume of 20.68 million shares. About 36,915 shares traded. (NYSE:BR) has risen 17.08% since June 23, 2016 and is uptrending. It has underperformed by 22.30% the S&P500. Fort Point Capital Partners LLC now owns 13,825 shares of the coffee company's stock worth $748,000 after buying an additional 3,441 shares during the period. The stock has a market cap of $86.61 billion, a price-to-earnings ratio of 29.58 and a beta of 0.76. The stock rose 0.63% or $0.38 reaching $59.88 per share. 3,905,155 shares of the company were exchanged.

Starbucks Corporation (Starbucks), launched on November 4, 1985, is a roaster, marketer and retailer of coffee. It has underperformed by 4.22% the S&P500.

Investors sentiment increased to 1.14 in 2016 Q4.

As stocks has a P/S, P/E and P/B estimations of 1.14, 9.19 and 0.71 separately. It improved, as 59 investors sold Starbucks Corporation shares while 450 reduced holdings. 10 funds opened positions while 21 raised stakes. 970.72 million shares or 1.73% more from 954.23 million shares in 2016Q3 were reported. Nationwide Fund Advsr invested in 0.15% or 646,676 shares. 241,955 were reported by Natixis. 32,534 were reported by Confluence Wealth Limited Liability Company. Palladium Ptnrs Ltd Liability Corp owns 194,007 shares for 0.91% of their portfolio. Farmers & Merchants Invests accumulated 62,174 shares. Macquarie Group Limited invested in 458,471 shares. ULLMAN MYRON E III also sold $1.21M worth of Starbucks Corporation (NASDAQ:SBUX) shares. Virginia-based Yorktown Mngmt And Research has invested 0.06% in Starbucks Corporation (NASDAQ:SBUX).

03/27/2017 - Telsey Advisory Group began new coverage on Starbucks Corporation giving the company a "outperform" rating.

Nevsun Resources a base metals company.

Starbucks Corporation (NASDAQ:SBUX) has earned a consensus rating of "Buy" from the thirty-five analysts that are covering the firm, Marketbeat Ratings reports. Therefore 67% are positive. Wedbush reaffirmed an "outperform" rating and set a $65.00 price target on shares of Starbucks Corporation in a research note on Monday, March 13th. Price targets frequently change, depending on the outlook for a company's earnings. BTIG Research maintained it with "Buy" rating and $64 target in Friday, July 22 report. Centre Asset Mngmt Ltd Liability Com holds 1.81% in Starbucks Corporation (NASDAQ:SBUX) or 168,390 shares. The company was maintained on Friday, July 22 by Goldman Sachs. The firm earned "Buy" rating on Wednesday, September 28 by CLSA.

Investors sentiment increased to 1.14 in 2016 Q4.

Since January 1, 0001, it had 0 insider buys, and 7 sales for $16.96 million activity.

In related news, insider Clifford Burrows sold 114,826 shares of the stock in a transaction dated Thursday, May 18th. Commonwealth National Bank Of holds 0.04% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 54,183 shares. Sawgrass Asset Management Limited Company holds 1.26% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 485,426 shares.

EBITDA stands at 5.01 Billion. Netherlands-based Shell Asset Mgmt has invested 0.24% in Starbucks Corporation (NASDAQ:SBUX). Century Communities Inc (NYSE:CCS) was raised too.

The volume of the particular stock is the shares bought and sold in a single trading day. Troupe Warren L sold $542,315 worth of stock or 15,000 shares. They expect $0.55 earnings per share, up 12.24% or $0.06 from last year's $0.49 per share. QLYS's profit will be $4.10M for 91.48 P/E if the $0.11 EPS becomes a reality. On average, analysts predict that Starbucks Corporation will post $2.11 earnings per share for the current year.

Among 11 analysts covering Rent-A-Center Inc (NASDAQ:RCII), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 19% are positive.

SBUX has been the topic of a number of research analyst reports. The firm has "Overweight" rating by First Analysis given on Monday, September 12. The stock has "Outperform" rating by Wedbush on Wednesday, September 28. The firm has "Neutral" rating by Mizuho given on Monday, March 21. The stock had its last split on April 9, 2015. The stock of UDR, Inc. The stock has "Neutral" rating by JP Morgan on Friday, August 14. (NYSE:BR) on Tuesday, June 7 to "Market Perform" rating. It worsened, as 108 investors sold YUM shares while 286 reduced holdings. 261.95 million shares or 1.17% less from 265.03 million shares in 2016Q3 were reported. Grimes & stated it has 26,128 shares. Lord Abbett Ltd accumulated 2.27 million shares. Boys Arnold And Incorporated has 3,831 shares. Great West Life Assurance Can invested in 365,263 shares or 0.04% of the stock. 251.58 million shares or 3.43% less from 260.51 million shares in 2016Q3 were reported. National Pension Service holds 0.11% of its portfolio in Kellogg Company (NYSE:K) for 211,243 shares. (NYSE:UDR) or 216 shares. Guardian Advsrs LP holds 18,568 shares. Smithfield Tru stated it has 0.04% in Broadridge Financial Solutions, Inc. Endurance Wealth Management Inc invested 0.31% in U.S. Bancorp (NYSE:USB). (NASDAQ:SIFI). State Street has 0% invested in SI Financial Group, Inc.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Other reports by Click Lancashire

Discuss This Article