New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 21, 2014
06:45 EDTSBUXStarbucks downgraded to Buy from Conviction Buy at Goldman
Goldman removed Starbucks from the Conviction Buy List due to concerns surrounding U.S. same-store-sales trends. Shares are Buy rated with an $86 price target, lowered from $91.
News For SBUX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 16, 2015
10:26 EDTSBUXBMO Capital upbeat on Starbucks, lukewarm on Dunkin'
BMO Capital initiated coverage of Starbucks (SBUX) with an Outperform rating in a note to investors, citing what it sees as the company's many growth opportunities. The firm was less upbeat on Dunkin' Brands (DNKN), as the firm said that the company faces tougher competition than Starbucks, and advised investors to wait for a more compelling entry point in the stock before buying. WHAT'S NEW: Starbucks' multiple growth opportunities make it somewhat unique among large-cap restaurant stocks, BMO analyst Andrew Streizik contended. The company's U.S. comparative sales have probably bottomed and could begin to reaccelerate, partly due to its innovation, higher food sales, and marketing strength, the analyst believes. Additionally, Starbucks' margin expansion could exceed its long-term guidance, partly due to lower than expected cost of goods and efficiencies from its expansion of food and day parts, according to Streizik. Starbucks could increase the amount of money it returns to shareholders or make accretive acquisitions, given its strong balance sheet, the analyst stated. He set a $56 price target on the stock. Conversely, Streizik said he was worried about the sustainability of Dunkin's U.S. comparative sales, as the company's U.S. comps are two to three times more volatile than those of Starbucks. Dunkin' is more exposed to competition than Starbucks, since Dunkin's drinks are less differentiated than the competition, the analyst stated. Dunkin's need to compete with fast food restaurants, which traditionally offer heavy discounts, makes it more dependent on discounts, added Streizik, who set a $52 price target on the shares. PRICE ACTION: In early trading, Starbucks added 0.2% to $48.25, while Dunkin gained 0.7% to $48.33.
10:00 EDTSBUXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
April 15, 2015
17:25 EDTSBUXStarbucks initiated with a Buy at Guggenheim
Target $56.
16:22 EDTSBUXStarbucks initiated with an Outperform at BMO Capital
Subscribe for More Information
10:00 EDTSBUXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:05 EDTSBUXStarbucks initiated with an Outperform at Cowen
Target $56.
April 14, 2015
08:33 EDTSBUXGoldman recommends buying Starbucks and Dunkin' Brands into earnings
Subscribe for More Information
April 10, 2015
07:12 EDTSBUXPiper's new target for Starbucks suggests 16% upside
Subscribe for More Information
April 9, 2015
08:31 EDTSBUXStarbucks split-adjusted price target raised to $54 at Argus
Subscribe for More Information
April 7, 2015
06:52 EDTSBUXStarbucks profit raises concerns over tax practices in Europe, WSJ reports
Subscribe for More Information
April 6, 2015
19:19 EDTSBUXStarbucks expands college tuition program, sees investing $250M or more by 2025
Starbucks and Arizona State University announced that Starbucks College Achievement Plan, first introduced in June 2014, will now offer 100% tuition coverage for every eligible U.S. Starbucks partner. Full tuition coverage was previously available to juniors and seniors, but now all eligible part-time or full-time partners can apply for and complete all four years of a bachelor’s degree through ASU’s online degree program. In addition to partners receiving full tuition coverage, the company is offering faster tuition reimbursement - now at the end of each semester. The company will invest up to $250M or more to help at least 25,000 partners graduate by 2025. Over the next three years, Starbucks has also committed to hiring 10,000 “Opportunity Youth,” a population of nearly 6M disconnected youth between the ages of 16 and 24 who are not working or in school. Partners will have no commitment to remain at the company past graduation.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use