Starbucks Corporation on Focus After Bullish Options Activity

 Starbucks Corporation on Focus After Bullish Options Activity

In today’s session Starbucks Corporation (SBUX) registered an unusually high (6,310) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious SBUX increase. With 6,310 contracts traded and 33734 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: SBUX170421C00057500 closed last at: $3.35 or 16.7% up. About 1.36M shares traded hands. Starbucks Corporation (NASDAQ:SBUX) has risen 2.75% since April 28, 2016 and is uptrending. It has underperformed by 3.18% the S&P500.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on January, 19. They expect $0.52 EPS, up 13.04% or $0.06 from last year’s $0.46 per share. SBUX’s profit will be $754.21 million for 27.92 P/E if the $0.52 EPS becomes a reality. After $0.56 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Out of 18 analysts covering Starbucks Corporation (NASDAQ:SBUX), 12 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 67% are positive. $72 is the highest target while $59 is the lowest. The $64.86 average target is 11.67% above today’s ($58.08) stock price. Starbucks Corporation has been the topic of 27 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Thursday, September 3. The firm has “Neutral” rating given on Monday, November 21 by Buckingham Research. The rating was maintained by Goldman Sachs on Friday, July 22 with “Buy”. As per Friday, March 18, the company rating was reinitiated by Stifel Nicolaus. The stock has “Buy” rating given by S&P Research on Tuesday, July 28. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 30. The firm earned “Buy” rating on Wednesday, September 28 by CLSA. On Wednesday, July 13 the stock rating was downgraded by OTR Global to “Mixed”. UBS maintained it with “Buy” rating and $63 target price in Friday, July 24 report. The stock has “Outperform” rating given by Wedbush on Friday, July 22.

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 1.06 in Q2 2016. Its up 0.04, from 1.02 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.
Palo Inc accumulated 0.59% or 30,100 shares. Moreover, Investors Capital Advisory Ser has 0.32% invested in Starbucks Corporation (NASDAQ:SBUX) for 28,943 shares. Moreover, Riverpark Advsr Ltd has 1.42% invested in Starbucks Corporation (NASDAQ:SBUX) for 50,824 shares. Mckinley Mngmt Ltd Com Delaware, a Unknown-based fund reported 172,747 shares. State Street Corporation has invested 0.35% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Ipswich has 1.38% invested in the company for 48,996 shares. Legal General Pcl reported 6.23M shares or 0.37% of all its holdings. Goldman Sachs Gp has invested 0.11% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Roberts Glore Com Incorporated Il last reported 0.23% of its portfolio in the stock. Banque Pictet Cie last reported 2.15 million shares in the company. Gofen And Glossberg Lc Il reported 553,819 shares or 1.32% of all its holdings. Patten Grp has 0% invested in the company for 22,201 shares. New Jersey Better Educational Savings Tru holds 0.42% or 11,000 shares in its portfolio. First accumulated 11,229 shares or 0.1% of the stock. Vontobel Asset Inc accumulated 416,719 shares or 0.19% of the stock.

Insider Transactions: Since June 9, 2016, the stock had 0 insider buys, and 3 selling transactions for $3.63 million net activity. Shares for $1.11 million were sold by ULLMAN MYRON E III. 32,654 Starbucks Corporation (NASDAQ:SBUX) shares with value of $1.78M were sold by TERUEL JAVIER G.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The company has a market cap of $84.24 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 30.63 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: Fool.com which released: “Better Buy: Starbucks Corporation vs. Coca-Cola” on November 18, 2016, also Fool.com with their article: “10 Key Metrics From Starbucks Corporation’s Fourth Quarter” published on November 11, 2016, Valuewalk.com published: “Starbucks Corporation (SBUX) Dividend Stock Analysis” on November 18, 2016. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Investorplace.com and their article: “Fill Your Cup With Starbucks Corporation (SBUX) Stock” published on November 11, 2016 as well as Investorplace.com‘s news article titled: “How to Trade Starbucks Corporation (SBUX) Stock Right Now” with publication date: November 03, 2016.

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