In a report released on February 3, Peter Saleh from BTIG maintained a Buy rating on Starbucks (SBUX – Research Report), with a price target of $120.00. The company’s shares closed last Friday at $104.30.
Saleh covers the Services sector, focusing on stocks such as Starbucks, Domino’s Pizza, and Drive Shack. According to TipRanks, Saleh has an average return of 12.8% and a 66.79% success rate on recommended stocks.
In addition to BTIG, Starbucks also received a Buy from Barclays’s Jeff Bernstein in a report issued on February 3. However, on the same day, Citigroup maintained a Hold rating on Starbucks (NASDAQ: SBUX).
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Based on Starbucks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.71 billion and a net profit of $855.2 million. In comparison, last year the company earned a revenue of $8.05 billion and had a net profit of $815.9 million
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBUX in relation to earlier this year.
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.
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.
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