Starbucks Corporation (NASDAQ:SBUX).
July 22 investment analysts at BTIG Research kept the stock rating at “Buy” but moved up the price target from $64.00 to $69.00. On July 13 the company was set at “Mixed” in a report from OTR Global which is down from the previous “” rating.
Equity analyst Evercore ISI Group initiated coverage giving it an initial rating of “Buy”. On March 18 analysts at Stifel Nicolaus starting coverage on the stock setting a rating of “Hold”.
On February 18, 2016 Nomura starting coverage on SBUX with an initial rating of “Buy” and establishing a price target of $70.00.
The company is trading up since yesterday’s close of $54.04. The company recently declared a dividend which was paid on Friday August 19th, 2016. The dividend payment was $0.200 per share for the quarter or $0.80 on an annualized basis. This dividend represents a yeild of $1.47 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Tuesday the 2nd of August 2016.
It is trading at $54.19 a tad below $55.26, the stock’s 50 day moving average and slightly below the 200 day moving average of $56.72. The 50 day moving average moved down $-1.07 and the 200 day average went down $-2.53 or -4.46%.
Starbucks Corporation currently has a P/E ratio of 30.44 and market capitalization is 79.48B. In the latest earnings report the EPS was $1.78 and is projected to be $1.89 for the current year with 1,466,599,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.55 with next year’s EPS projected to be $2.17.
Investors are a little more bullish on the company lately if you take into consideration the change in short interest. The company realized a fall in short interest between August 31, 2016 and September 15, 2016 of -0.08%. Short shares decreased from 14,656,494 to 13,489,166 over that timeframe. The days to cover decreased to 1.5 and the percentage of shorted shares is 0.01% as of September 15.