Stifel Nicolaus Sticks to Their Hold Rating for Starbucks (SBUX)

In a report released yesterday, Chris O`Cull from Stifel Nicolaus maintained a Hold rating on Starbucks (SBUXResearch Report), with a price target of $84.00. The company’s shares closed last Tuesday at $83.71.

According to, O`Cull is a 5-star analyst with an average return of 13.4% and a 62.4% success rate. O`Cull covers the Services sector, focusing on stocks such as First Watch Restaurant Group, Dave & Busters Entertainment, and Papa John’s International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $91.55 average price target, an 8.1% upside from current levels. In a report issued on July 18, Morgan Stanley also maintained a Hold rating on the stock with a $88.00 price target.

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Based on Starbucks’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.64 billion and net profit of $675 million. In comparison, last year the company earned revenue of $6.67 billion and had a net profit of $659 million.

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.

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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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