Starbucks (SBUX) Receives a Hold from Stifel Nicolaus

In a report released today, Chris O`Cull from Stifel Nicolaus maintained a Hold rating on Starbucks (SBUX – Research Report), with a price target of $90.00. The company’s shares closed yesterday at $87.84.

O`Cull covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Papa John’s International, and Planet Fitness. According to TipRanks, O`Cull has an average return of 10.2% and a 56.89% success rate on recommended stocks.

In addition to Stifel Nicolaus, Starbucks also received a Hold from Robert W. Baird’s David Tarantino in a report issued on April 23. However, on the same day, Wells Fargo maintained a Buy rating on Starbucks (NASDAQ: SBUX).

Based on Starbucks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.43 billion and a net profit of $1.02 billion. In comparison, last year the company earned a revenue of $8.71 billion and had a net profit of $855.2 million

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Starbucks (SBUX) Company Description:

Founded in 1985, Starbucks Corp. is a Washington-based roaster and retailer of specialty coffee, with over 30,000 stores in 80 markets. It operates through three segments, including Americas, International and Channel Development. Starbucks stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, food items such as pastries, sandwiches, salads, oatmeals, as well as a variety of merchandise. The company’s leading brands include Evolution Fresh, Teavana, Tazo Tea and Seattle’s Best.