In a report issued on July 31, David Tarantino from Robert W. Baird maintained a Hold rating on Starbucks (SBUX – Research Report), with a price target of $83.00. The company’s shares closed last Tuesday at $83.71.
According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 8.1% and a 61.0% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $91.55 average price target, representing an 8.1% upside. In a report issued on July 18, Morgan Stanley also maintained a Hold rating on the stock with a $88.00 price target.
The company has a one-year high of $122.98 and a one-year low of $68.39. Currently, Starbucks has an average volume of 9.5M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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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