In today’s session Starbucks Corporation (SBUX) recorded an unusually high (253) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious SBUX decrease. With 253 contracts traded and 7974 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: SBUX161021P00052000 closed last at: $0.24 or 7.7% down. About 3.86M shares traded hands. Starbucks Corporation (NASDAQ:SBUX) has declined 10.12% since March 2, 2016 and is downtrending. It has underperformed by 18.38% the S&P500.
Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on November, 3. They expect $0.55 EPS, up 27.91% or $0.12 from last year’s $0.43 per share. SBUX’s profit will be $801.98 million for 24.33 P/E if the $0.55 EPS becomes a reality. After $0.49 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts 12.24% EPS growth.
Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage
Out of 17 analysts covering Starbucks Corporation (NASDAQ:SBUX), 12 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 71% are positive. Starbucks Corporation has been the topic of 24 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Friday, October 30 the stock rating was maintained by UBS with “Buy”. The firm earned “Outperform” rating on Friday, October 30 by RBC Capital Markets. As per Friday, July 22, the company rating was maintained by BTIG Research. Vetr downgraded Starbucks Corporation (NASDAQ:SBUX) rating on Thursday, September 3. Vetr has “Buy” rating and $61.19 price target. S&P Research upgraded Starbucks Corporation (NASDAQ:SBUX) on Tuesday, July 28 to “Buy” rating. The stock has “Buy” rating given by Goldman Sachs on Friday, July 22. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Wednesday, September 21 by Longbow. The firm earned “Hold” rating on Monday, August 24 by Zacks. Wedbush maintained the stock with “Outperform” rating in Friday, July 22 report. The rating was maintained by Wedbush on Wednesday, September 28 with “Outperform”.
According to Zacks Investment Research, “Starbucks Corporation purchases and roasts high-quality whole bean coffees and sells them along with fresh, rich-brewed, Italian style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores. In addition to sales through its company-operated retail stores, Starbucks sells whole bean coffees through a specialty sales group and supermarkets. Additionally, Starbucks produces and sells bottled Frappuccino coffee drink and a line of premium ice creams through its joint venture partnerships and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company. The company’s objective is to establish Starbucks as the most recognized and respected brand in the world.”
Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.05, from 0.97 in 2016Q1. The ratio improved, as 75 funds sold all Starbucks Corporation shares owned while 464 reduced positions. 87 funds bought stakes while 464 increased positions. They now own 971.80 million shares or 3.96% less from 1.01 billion shares in 2016Q1.
Riggs Asset Managment Co has invested 0.01% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Intrust Retail Bank Na holds 0.58% or 25,021 shares in its portfolio. Moreover, Stephens Inv Mngmt Lc has 0% invested in Starbucks Corporation (NASDAQ:SBUX) for 680 shares. Fort Washington Inv Oh last reported 94,779 shares in the company. Essex Mgmt accumulated 98,707 shares or 0.94% of the stock. Columbia Asset Mgmt holds 1.23% or 60,370 shares in its portfolio. Sit Invest Associates holds 437,545 shares or 0.66% of its portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.22% invested in Starbucks Corporation (NASDAQ:SBUX) for 291,590 shares. Amer Century Companies accumulated 6.38 million shares or 0.41% of the stock. Paradigm Asset Ltd Liability Co holds 0% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 29,644 shares. Hudock Grp Ltd Liability Company has 0.01% invested in the company for 355 shares. Joel Isaacson & Co Limited Liability Co accumulated 0.07% or 5,582 shares. Hussman Strategic Advsrs Inc has invested 1.75% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Lsv Asset Mgmt last reported 2,350 shares in the company. Asset Mgmt Inc holds 0.27% or 295,160 shares in its portfolio.
Insider Transactions: Since April 28, 2016, the stock had 0 buys, and 6 sales for $16.34 million net activity. SHENNAN JAMES G JR sold $2.75M worth of Starbucks Corporation (NASDAQ:SBUX) on Thursday, April 28. ULLMAN MYRON E III sold $742,790 worth of Starbucks Corporation (NASDAQ:SBUX) on Tuesday, July 26. 145,530 shares were sold by CULVER JOHN, worth $8.25M on Monday, May 9. BRADLEY WILLIAM W sold $700,281 worth of stock.
Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The company has a market cap of $78.04 billion. The Firm purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It has a 29.94 P/E ratio. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.
SBUX Company Profile
Starbucks Corporation, incorporated on November 4, 1985, is the roaster, marketer and retailer of specialty coffee. The Firm purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. The Firm also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts. The Firm operates through four segment: Americas, which includes the United States, Canada, and Latin America; Europe, Middle East, and Africa (EMEA); China/Asia Pacific (CAP), and Channel Development. In addition to its Starbucks Coffee brand, it also sells goods and services under the brands, including Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange and Ethos.
More news for Starbucks Corporation (NASDAQ:SBUX) were recently published by: Forbes.com, which released: “Let’s Look At Starbucks’ Growth Strategy” on September 19, 2016. Seekingalpha.com‘s article titled: “Recession Watchlist: Starbucks” and published on October 02, 2016 is yet another important article.
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