Starbucks (NASDAQ:SBUX) Price Target Raised to $58.00

Mae Love
February 6, 2018

Hhr Asset Management Llc acquired 159,170 shares as Starbucks Corp (SBUX)'s stock rose 6.99%. The coffee company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The stock decreased 4.78% or $1.09 during the last trading session, reaching $21.71.

Starbucks Corporation (NASDAQ:SBUX) touched its 1-Year High price of $64.87 on 06/05/17 and its 1-Year Low price of $52.58 on 08/18/17. It has underperformed by 16.38% the S&P500. The stock of Pfizer Inc. (NYSE:KBR) is a huge mover today! The stock decreased 3.30% or $1.65 during the last trading session, reaching $48.35.

Beacon Financial Group, which manages about $554.06 million US Long portfolio, upped its stake in Ishares by 77,338 shares to 161,015 shares, valued at $8.10 million in 2017Q3, according to the filing. The Timken Company (NYSE:TKR) has risen 41.86% since February 6, 2017 and is uptrending. The firm operates through three divisions: Government Services, Technology & Consulting, and Engineering & Construction. The insider now directly owns 27,531 shares worth $1,535,404. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. Beacon Financial Group sold 322,053 shares as the company's stock declined 7.64% while stock markets rallied. 165 funds opened positions while 367 raised stakes. Bancorp Pictet & Cie (Asia) reported 66,343 shares. (NYSE:PFE) or 6,264 shares. B & T Mngmt Dba Alpha Mngmt holds 1.19% or 46,798 shares. D Scott Neal invested in 0.03% or 1,000 shares. Franklin reported 3.31M shares stake. Federated Investors Pa holds 68,237 shares or 0% of its portfolio. Honeywell accumulated 1.34% or 709,062 shares. Louisiana State Employees Retirement Sys reported 11,000 shares. (NYSE:PFE) or 94,409 shares. Hamlin Capital Management Ltd Llc stated it has 4.17% of its portfolio in Pfizer Inc. (NYSE:KBR) for 345,100 shares. Pitcairn accumulated 42,194 shares. Sva Plumb Wealth Management Ltd Liability Corporation invested in 0.04% or 6,511 shares. Palisade Asset Llc has invested 0.18% of its portfolio in The Boeing Company (NYSE:BA). (NYSE:KBR) for 306,790 shares. Commerce Savings Bank holds 0.35% or 125,632 shares. Huntington Commercial Bank invested 0.36% in Starbucks Corporation (NASDAQ:SBUX).

Analysts await KBR, Inc. KBR's profit will be $42.03M for 15.47 P/E if the $0.30 EPS becomes a reality. Analysts are forecasting earnings of $0.53 on a per share basis this quarter. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have given a buy rating to the stock. Therefore 18% are positive. KBR Inc had 26 analyst reports since August 6, 2015 according to SRatingsIntel. They set a hold rating and a $58.00 price objective on the stock. Wedbush has a "Buy" rating and a $70.00 price target on the stock. Sterne Agee CRT initiated the shares of VRTU in report on Thursday, December 17 with "Neutral" rating. Needham maintained the stock with "Buy" rating in Tuesday, February 9 report. The firm earned "Hold" rating on Monday, September 4 by Stifel Nicolaus. Short Ratio of stock is 3.24.

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Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, January 25th. Therefore 56% are positive. The firm has "Outperform" rating given on Monday, March 13 by Wedbush. Insiders sold a total of 660,634 shares of company stock worth $37,843,859 over the last 90 days. The rating was maintained by Mizuho on Wednesday, November 1 with "Buy". Morgan Stanley restated an overweight rating and issued a $62.00 target price on shares of Starbucks in a research report on Wednesday, October 4th. RBC Capital Markets maintained The Boeing Company (NYSE:BA) on Wednesday, January 31 with "Hold" rating. The rating was maintained by Cowen & Co on Monday, July 10 with "Hold". Starbucks Corporation (NASDAQ:SBUX) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The stock of Starbucks Corporation (NASDAQ:SBUX) has "Buy" rating given on Wednesday, September 28 by CLSA. The firm earned "Hold" rating on Thursday, October 19 by Cowen & Co. Barrington Research maintained the shares of VRTU in report on Tuesday, February 9 with "Outperform" rating.

Since September 7, 2017, it had 0 buys, and 3 selling transactions for $13.98 million activity. BURROWS CLIFFORD sold $9.28M worth of stock or 162,826 shares. The rating was maintained by Jefferies with "Buy" on Friday, December 22. Panagora Asset holds 0.27% or 2.85M shares in its portfolio. Meridian Mgmt owns 36,161 shares.

Investors of record on Thursday, February 8th will be issued a $0.30 dividend. Its down 0.10, from 0.79 in 2017Q2. It worsened, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. About 1.66 million shares traded. Pitcairn stated it has 53,055 shares. WINTON GROUP Ltd boosted its position in shares of Starbucks by 29.7% in the second quarter. Bancorp Of Nova Scotia accumulated 794,505 shares. Main Street Ltd invested 0.06% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Finally, Zacks Investment Research upgraded shares of Starbucks from a sell rating to a hold rating in a research note on Thursday, October 5th. Kdi Capital Prtnrs Ltd Llc has 29,500 shares. Bright Rock Mgmt Ltd reported 96,000 shares stake. Adirondack owns 6,394 shares or 0.27% of their U.S. portfolio. Brown Advisory Secs Ltd has 0.69% invested in Starbucks Corporation (NASDAQ:SBUX) for 59,816 shares. Bnp Paribas Arbitrage has 0% invested in The Timken Company (NYSE:TKR) for 24,942 shares. Systematic Fincl Ltd Partnership holds 22,775 shares.

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