Jefferies Sticks to Their Buy Rating for Starbucks Corp

By Ryan Adsit

In a report issued on June 13, Andy Barish from Jefferies reiterated a Buy rating on Starbucks Corp (NASDAQ: SBUX), with a price target of $65. The company’s shares closed yesterday at $60.09.

According to, Barish is a 5-star analyst with an average return of 9.1% and a 56.7% success rate. Barish covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Papa John’s International, and Popeyes Louisiana Kitchen.

Currently, the analyst consensus on Starbucks Corp is Strong Buy and the average price target is $66.06, representing a 9.9% upside.

In a report issued on June 8, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $75 price target.

Starbucks Corp’s market cap is currently $86.99B and has a P/E ratio of 29.90. The company has a book value ratio of 15.5205.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Myron E. Ullman, a Director at SBUX sold 10,000 shares for a total of $633,700.

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Starbucks Corp. is a roaster, marketer and retailer of coffee. The company sells handcrafted coffee, tea and other beverages and a variety of fresh food items, including snack offerings, through company-operated stores. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development. The Americas, CAP, and EMEA segments include both company-operated and licensed stores. These segments also include certain foodservice accounts, primarily in Canada, Japan and the U.K. The Channel Development segment includes roasted whole bean and ground coffees, premium Tazo teas, Starbucks- and Tazo-branded single-serve products, a variety of ready-to-drink beverages, such as Frappuccino, Starbucks Doubleshot and Starbucks Refreshers beverages and other branded products sold worldwide through channels, such as grocery stores, warehouse clubs, specialty retailers, convenience stores and U.S. foodservice accounts. The company was founded by Jerry Baldwin and Howard S. Schultz on November 4, 1985 and is headquartered in Seattle, WA.