The group pres. Siren Retail of Starbucks Corp is Exercising Options

By Carrie Williams

Today it was reported that the group pres. Siren Retail of Starbucks Corp (SBUXResearch Report), Clifford Burrows, exercised options to sell 152,634 SBUX shares at $33.13 a share, for a total transaction value of $10.26M.

Following Clifford Burrows’ last SBUX Sell transaction on February 02, 2018, the stock climbed by 13.3%.

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Based on Starbucks Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $6.63 billion and quarterly net profit of $761 million. In comparison, last year the company earned revenue of $6.07 billion and had a net profit of $2.25 billion. SBUX’s market cap is $89.22B and the company has a P/E ratio of 30.28. Currently, Starbucks Corp has an average volume of 24.23M.

Based on 25 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $70.38, reflecting a 3.3% upside.

Clifford Burrows’ trades have generated a -23.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: Americas; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA); and Channel Development.