Starbucks Corporation Has Another Very Negative Options Trading Session

 Starbucks Corporation Has Another Very Negative Options Trading Session

In today’s session Starbucks Corporation (SBUX) recorded an unusually high (3,002) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious SBUX decrease. With 3,002 contracts traded and 31534 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: SBUX180119P00045000 closed last at: $2.53 or 2% up. About 4.44 million shares traded hands. Starbucks Corporation (NASDAQ:SBUX) has declined 11.56% since March 30, 2016 and is downtrending. It has underperformed by 14.58% 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 $799.70M for 23.87 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. $72 is the highest target while $59 is the lowest. The $65.25 average target is 24.29% above today’s ($52.5) stock price. Starbucks Corporation has been the topic of 25 analyst reports since July 28, 2015 according to StockzIntelligence Inc. S&P Research upgraded the shares of SBUX in a report on Tuesday, July 28 to “Buy” rating. UBS maintained the stock with “Buy” rating in Friday, July 24 report. The rating was maintained by Wedbush on Friday, July 22 with “Outperform”. CLSA maintained Starbucks Corporation (NASDAQ:SBUX) rating on Wednesday, September 28. CLSA has “Buy” rating and $68 price target. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Buy” rating by Vetr on Thursday, September 3. Stifel Nicolaus reinitiated the shares of SBUX in a report on Friday, March 18 with “Hold” rating. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Outperform” rating given on Wednesday, September 28 by Wedbush. As per Wednesday, July 13, the company rating was downgraded by OTR Global. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Hold” rating given on Thursday, September 3 by Zacks. RBC Capital Markets maintained it with “Outperform” rating and $68 target price in Friday, October 30 report.

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 2016 Q2. Its up 0.05, from 0.97 in 2016Q1. The ratio is positive, 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.
Chase Invest Counsel Corporation last reported 1.38% of its portfolio in the stock. Tarbox Gru Inc has invested 0.02% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Int Ltd Ca last reported 1.76% of its portfolio in the stock. Financial Bank Of Hawaii owns 58,898 shares or 0.36% of their US portfolio. Mathes holds 1.61% or 48,315 shares in its portfolio. Blackrock Invest Limited Liability accumulated 3.63M shares or 0.26% of the stock. Kayne Anderson Rudnick Mgmt Ltd Llc holds 0.44% or 510,506 shares in its portfolio. Hl Fin Ltd Liability Corp has 90,222 shares for 0.12% of their US portfolio. Bridgecreek Inv Ltd Liability Corp accumulated 1.99% or 113,615 shares. Macquarie Group Inc Inc holds 447,096 shares or 0.05% of its portfolio. Meyer Handelman owns 31,100 shares or 0.08% of their US portfolio. Intrust Retail Bank Na holds 25,021 shares or 0.58% of its portfolio. Independence Tru last reported 0.59% of its portfolio in the stock. Loomis Sayles Ltd Partnership last reported 3,354 shares in the company. Chickasaw Capital Mngmt Ltd Liability, a Tennessee-based fund reported 17,590 shares.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 5 sales for $13.58 million net activity. On Thursday, June 9 ULLMAN MYRON E III sold $1.11M worth of the stock or 20,000 shares. $2.78M worth of Starbucks Corporation (NASDAQ:SBUX) was sold by SHENNAN JAMES G JR. BRADLEY WILLIAM W also sold $700,281 worth of Starbucks Corporation (NASDAQ:SBUX) on Friday, May 27. 145,530 Starbucks Corporation (NASDAQ:SBUX) shares with value of $8.25 million were sold by CULVER JOHN.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The company has a market cap of $76.33 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 29.37 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 notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Investorplace.com which released: “Can Tea REALLY Save Starbucks Corporation (SBUX) Stock?” on October 31, 2016, also Fool.com with their article: “How Customization Has Been Key to Years of Growth at Starbucks Corporation” published on October 10, 2016, Profitconfidential.com published: “Starbucks Corporation: Why SBUX Stock is Set to Rebound” on October 09, 2016. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Benzinga.com and their article: “Stocks Hitting 52-Week Lows” published on November 01, 2016 as well as Seekingalpha.com‘s news article titled: “Starbucks: The Calm Before The Storm?” with publication date: October 26, 2016.

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