Starbucks Coffee (SBUX): Some Risk To Earnings - Buckingham Research

Buckingham Research analyst, John Zolidis, reiterated his Neutral rating on shares of Starbucks (NASDAQ: SBUX) even though he acknowledges it one of the best-run, highest-quality companies in the consumer space.

The analyst believes that while the company is complex in terms of its geographic operations, lines of business and drivers, the stock is fairly simple, with its direction determined by same-store sales growth (mostly in the U.S.), margins and earnings revisions. On these metrics, we see a decelerating trend, esp. in U.S. same-store sales and see modest downside risk to earnings.

No change to the price target of $59.

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 $57.76 yesterday.

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