Buy Starbucks (SBUX) Weakness, Say Deutsche Bank
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Credit Suisse Keeps Starbucks (SBUX) at 'Neutral'; Tight Valuation Leaves Little Room for Error
January 22, 2016 8:44 AM ESTCredit Suisse reaffirmed Starbucks (Nasdaq: SBUX) with a Neutral rating and $61 price target following Q1 results.
The firm commented: Overall, Starbucks valuation leaves limited room for error. Our $61 PT assumes ~31x NTM P/E, above Starbucks's 5-yr avg. of ~25x, which gives... More
Starbucks (SBUX) Overcomes Retail Headwinds - RBC
January 22, 2016 8:23 AM ESTRBC Capital analyst, David Palmer, reiterated his Outperform rating and $68 price target on Starbucks (NASDAQ: SBUX) as the company beat EPS by a penny but future earnings upside is consumed by additional investment.
F1Q EPS was $0.46 (+15% YOY), ahead of our/cons. $0.45. Notably, Americas SSS growth was 9%, above cons. 7.7% but in line with the growth rate implied by our consumer panel analysis. CAP division SSS growth was 5% (RBCe 4%/ cons. 6.1%). EMEA SSS growth decelerated to 1%, as the region was... More
Piper Jaffray Reiterates Bullish View on Starbucks (SBUX) Following Results
January 22, 2016 8:04 AM ESTPiper Jaffray analyst, Nicole Miller Regan, reiterated her Overweight rating and $72 PT after Starbucks Starbucks (NASDAQ: SBUX) reported earnings that beat consensus by a penny and shares fell 5% in the aftermarket.
Total revenues increased ~12% to $5.4 billion, based on strong traffic driven same-store sales... More
Starbucks' (SBUX) Initiatives Expected to Drive Strong Results; BTIG Affirms at 'Buy'
January 22, 2016 7:43 AM ESTBTIG reaffirms Starbucks (Nasdaq: SBUX) with a Buy rating and $75 price target after the company posted Q1 results on Thursday night.
Analyst Peter Saleh commented: We continue to be very impressed by the performance of the Starbucks system and believe mid-single digit comp growth is sustainable... More
Starbucks Coffee (SBUX) Tops Q1 EPS by 1c; Issues Light Q2 EPS Outlook
January 21, 2016 4:04 PM EST(Updated - January 21, 2016 4:05 PM EST)
Starbucks Coffee (NASDAQ: SBUX) reported Q1 EPS of $0.46, $0.01 better than the analyst estimate of $0.45. Revenue for the quarter came in at $5.37 billion versus the consensus estimate of $5.39 billion.
Global comparable store sales increased 8%, including a 4% increase in... More
