Market Update: Starbucks Corporation (NASDAQ:SBUX) – A New Starbucks Lands in the ‘Center of the Universe’

Starbucks Corporation (NASDAQ:SBUX) [at noodls] – There are more than 20,000 Starbucks worldwide, but only one of those stores has a neon letter “f” inside that’s five-feet tall. … This is an abstract of the original noodl. To continue reading …
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Starbucks Corporation (SBUX), with a current value of $58.63B, opened this morning at $77.69.
 
Shares have traded today between $77.65 and $78.20 per share with its 52-week range being $67.93 to $82.50.
 
SBUX shares are currently priced at 28.96x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.97x earnings multiple.
 
And for passive income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 1.40%.
 
Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.74 per share, which would be $0.11 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.68 would be a $0.42 better when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.23 Billion. If realized, that would be a 11.32% increase over the year-ago quarter.
 
More recently, Standpoint Research Initiated SBUX at Strong Sell (May 28, 2014). Previously, RBC Capital Mkts Initiated SBUX at to Outperform.
 
The average price target for SBUX shares is $90.22, which is 16.13% above where the stock opened this morning.
 
Summary (NASDAQ:SBUX) :  Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. The company’s stores also provide fresh food offerings; ready-to-drink beverages; and various food products, including pastries, and breakfast sandwiches and lunch items, as well as beverage-making equipment and accessories. In addition, it licenses the rights to produce and distribute Starbucks branded products to The North American Coffee Partnership with the Pepsi-Cola Company, as well as licenses its trademarks through licensed stores, grocery, and national foodservice accounts. The company offers its products under the Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Starbucks VIA, Starbucks Refreshers, Evolution Fresh, La Boulange, and Verismo brand names. As of September 29, 2013, it operated approximately 10,194 company-operated stores and approximately 9,573 licensed stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.
 
Tag Helper ~ Stock Code: SBUX | Common Company name: Starbucks | Full Company name: Starbucks Corporation (NASDAQ:SBUX) .

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