Starbucks Corp. (NASDAQ:SBUX) Insider John Culver unloaded 40,100 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $75.30, for a total transaction of $3,019,530.00. Following the completion of the transaction, the insider now directly owns 157,241 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on SBUX. Analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Starbucks Corp. (NASDAQ:SBUX) in a research note to investors on Wednesday, September 11th. They now have a $73.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Starbucks Corp. (NASDAQ:SBUX) in a research note to investors on Friday, September 6th. They now have a $76.00 price target on the stock. Finally, analysts at Wedbush initiated coverage on shares of Starbucks Corp. (NASDAQ:SBUX) in a research note to investors on Wednesday, September 4th. They set an “outperform” rating and a $80.00 price target on the stock.
Six equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Starbucks Corp. has a consensus rating of “Buy” and a consensus price target of $73.48.
Starbucks Corp. (NASDAQ:SBUX) traded up 1.06% on Tuesday, hitting $76.04. The stock had a trading volume of 3,330,608 shares. Starbucks Corp. has a 1-year low of $44.27 and a 1-year high of $76.60. The stock has a 50-day moving average of $72.37 and a 200-day moving average of $64.8. The company has a market cap of $57.136 billion and a P/E ratio of 36.02.
Starbucks Corp. (NASDAQ:SBUX) last released its earnings data on Thursday, July 25th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company posted $0.43 earnings per share. Starbucks Corp.’s revenue was up 13.2% compared to the same quarter last year. On average, analysts predict that Starbucks Corp. will post $2.23 earnings per share for the current fiscal year.
Starbucks Corporation is a roaster, marketer and retailer of coffee operating in 60 countries. The Company purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through Company-operated stores.