UBS Maintains a 'Buy' on Starbucks (SBUX); Less Robusta

UBS maintains a 'Buy' on Starbucks (NASDAQ: SBUX) price target of $61.00.

Recently, Starbucks reached another record high according to AOC Nielsen Data, which showed a slowdown in K-Cups, but a pick up in SBUX from 15.7% last month to 16.1% (marketshare) and SBUX's unit price was $3 more. Some analysts believe SBUX K-Cup share gains are largely at the expense of Green Mountain (Nasdaq: GMCR) brands.

Also, the company announces a new product line called Starbucks Refreshers, a drink with green coffee extract and real fruit juice.

Starbucks is scheduled to report quarterly earnings on July 26th. Current Wall Street consensus is $0.45 and $3.33B.


For an analyst ratings summary and ratings history on Starbucks click here. For more ratings news on Starbucks click here.

Shares of Starbucks closed at $52.68 yesterday.

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