(NASDAQ:SBUX) updated its fourth quarter earnings guidance on Thursday. Analysts had estimated an EPS of $0.49.
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Several executives took part in recent insider activity for the stock.
While customers responded well to the loyalty program switch, “we had two major marketing messages” at the same time, he said. They noted that the move was a valuation call. And roundups of analyst notes show that 11 are rating the stock a buy while 14 rate SBUX a strong buy.
04/22/2016 – Starbucks Corporation had its “buy” rating reiterated by analysts at Jefferies. Following the completion of the transaction, the director now owns 57,417 shares of the company’s stock, valued at approximately $3,177,456.78.
Jefferies reiterated a Buy rating. Starbucks Corp. presently has an average rating of Buy and a consensus target price of $67.67.
Price Momentum: Despite the -0.85% decrease in value, the stock’s new closing price represents a -10.17% fall in value from company’s one year high of $64. (NASDAQ:SBUX) traded up 0.10% on Thursday, reaching $57.60.
Without ever trading a single share of stock, without buying an option and Without ever touching a mutual friend. The firm has a 50-day moving average of $55.94 and a 200-day moving average of $57.48.
FILE – In this Wednesday, March 23, 2016, file photo, Kevin Johnson, president and chief operating officer of Starbucks Corp., holds up one of the coffee company’s new prepaid Visa debit cards, at the coffee company’s annual shareholders meeting in Seattle.
The company posted third-quarter earnings per share of 49 cents on $5.24 billion in revenue. The company is expected to report $5.33 billion in revenue, up 9% from the year earlier. Starbucks further said that Non-GAAP fiscal year EPS would be in the range of $1.88 to $1.89 versus a $1.89 consensus estimate.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. The author is long shares of SBUX. Ullman Myron E Iii offloaded 20,000 shares in the company at an average price of $55.46 and ended up generating $1,109,200 in proceeds. Meanwhile, Director BRADLEY WILLIAM W sold 12,654 shares worth $700000.27, through a transaction dated 2016-05-27. The shares were sold at an average price of $55.34, for a total transaction of $700,272.36. The disclosure for this sale can be found here.
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In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets.
