According to TipRanks.com, Bittner is a 5-star analyst with an average return of 13.0% and a 69.4% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Yum China Holdings.
Starbucks has an analyst consensus of Moderate Buy, with a price target consensus of $118.20, representing a -0.1% downside. In a report issued on April 6, Atlantic Equities also initiated coverage with a Buy rating on the stock with a $128.00 price target.
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Based on Starbucks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.75 billion and net profit of $622 million. In comparison, last year the company earned revenue of $7.1 billion and had a net profit of $886 million.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBUX in relation to earlier this year.
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.
Founded in 1985, Starbucks Corp. is a Washington-based roaster and retailer of specialty coffee, with over 30,000 stores in 80 markets. It operates through three segments, including Americas, International and Channel Development. Starbucks stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, food items such as pastries, sandwiches, salads, oatmeals, as well as a variety of merchandise. The company’s leading brands include Evolution Fresh, Teavana, Tazo Tea and Seattle’s Best.