Starbucks (SBUX) Winning Coffee Game Everywhere
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Rating Summary:
21 Buy, 25 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Everything seems to be going right for Starbucks (NASDAQ: SBUX). The coffee giant is even excelling for its product made on a competing system, which it sells for nearly double some competitors... K-cups.
SBUX single-serve sales increased 36% year-over-year for the 4-wk period ended 8/8/15 within Nielsen AOC+C-store channels, UBS analyst Keith Siegner noted. This is relative to +32% 12-wk sales growth trends.
"SBUX $ share of the ss cup/pod category increased +120 bps from last month to 16.3% and the highest level this year," Siegner commented. "SBUX K-cup promo levels ticked up sequentially, but remain well below levels from earlier in the year."
Beyond K-cups, traditional ground packaged coffee sales increased about 13% year-over-year, outpacing the category's 3% increase, driven by robust +17% volume.
The firm reiterated a Buy rating price target of $63.
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 $57.83 yesterday.
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