In a report released today, Sara Senatore from Bank of America Securities maintained a Buy rating on Starbucks (SBUX – Research Report). The company’s shares opened today at $76.36.
Senatore covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Chipotle, and Darden Restaurants. According to TipRanks, Senatore has an average return of 9.3% and a 54.12% success rate on recommended stocks.
Currently, the analyst consensus on Starbucks is a Moderate Buy with an average price target of $88.48, a 15.87% upside from current levels. In a report released on May 1, Evercore ISI also maintained a Buy rating on the stock with a $92.00 price target.
Based on Starbucks’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.56 billion and a net profit of $772.5 million. In comparison, last year the company earned a revenue of $8.72 billion and had a net profit of $908.3 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on SBUX:
