Wedbush analyst Nick Setyan maintained a Hold rating on Starbucks Corp (NASDAQ: SBUX) today and set a price target of $53. The company’s shares closed yesterday at $54.57.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 8.6% and a 64.0% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
Currently, the analyst consensus on Starbucks Corp is a Moderate Buy with an average price target of $57.25.
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Based on Starbucks Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $853 million. In comparison, last year the company had a net profit of $692 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Myron E. Ullman, a Director at SBUX sold 99,166 shares for a total of $5,458,938.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Starbucks Corp. engages in the provision of premier roaster, marketer, and retailer of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development.
