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Starbucks Stock Buzzes Higher Following Upgrade, CEO Change: Here's How Some Traders Predicted The Spike
Wednesday, March 16, 2022 - 2:33pm | 819Starbucks Corporation (NASDAQ: SBUX) spiked up 8.39% on Wednesday before retracing below the stock’s opening price of about $88. JPMorgan analyst John Ivankoe upgraded Starbucks from Neutral to Overweight and announced a price target of $101. If Starbucks is able to reach the target, it will...
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Why JPMorgan Upgrades Starbucks After Stock Underperformance
Wednesday, March 16, 2022 - 12:01pm | 230Starbucks Corporation’s (NASDAQ: SBUX) stock has "underperformed our low expectations” since December 2021, which includes the announcement of the company’s fiscal first-quarter earnings in February, according to JPMorgan. The Starbucks Analyst: John Ivankoe upgraded the...
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Starbucks Grinds Lower Amid Russia-Ukraine War: When Will The Stock Bounce?
Monday, March 14, 2022 - 11:27am | 676On Sunday evening, Benzinga asked its followers on Twitter what they were buying at the open on Monday. From the replies, Benzinga selected one ticker for technical analysis. William Muscato @wmuscato is buying Starbucks Corporation (NASDAQ: SBUX). On March 8, Starbucks announced it would suspend...
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Coffee Prices Hit 10-Year Highs: What It Means For Starbucks Investors
Monday, January 31, 2022 - 7:45pm | 353Coffee prices recently hit the highest level in 10 years, but Bank of America analyst Sara Senatore said Monday that Starbucks Corporation (NASDAQ: SBUX) investors shouldn't sweat coffee inflation. Hot Coffee: Coffee futures prices are hovering around $2.30 per pound, up about 90% from a year...
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If You Invested $1,000 In Starbucks Stock One Year Ago, Here's How Much You'd Have Now
Monday, January 31, 2022 - 1:16pm | 520Investors who have owned stocks in the last year have generally experienced some decent gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the past 12 months is 21%. But there is no question some big-name stocks performed better than others along the way. Starbucks’...
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How The Shiba Inu Community Burned Almost 2B SHIB With A Spotify Playlist And Coffee
Friday, December 3, 2021 - 11:23am | 373In November, the Shiba Inu (CRYPTO: SHIB) community burned almost 2 billion SHIB tokens. What Happened: At the time of publication Friday, Dogecoin (CRYPTO: DOGE) rival Shiba Inu had a market cap of more than $23 billion with a circulating supply of over 549 trillion tokens. The rate at which new...
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5 Things You Should Know When Mixing Cannabis And Caffeine
Monday, November 22, 2021 - 1:13pm | 781This article was originally published on The Fresh Toast and appears here with permission. Cannabis and caffeine are two very popular substances, the go-to of a lot of people for productivity. Here are 5 things you should know. Marijuana and caffeine are substances that people are very...
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Coffee Heats Up Again: Six Months Ago, We Told You A Coffee Fund Was One Of Our Top ten Names. It's Up 54% Since, And Now It's One Of Our Top Names Again.
Thursday, November 18, 2021 - 2:33pm | 475Coffee more expensive? As Jeremy Irons' character in "Margin Call" says, "I'll have to pay". Our Top Name From Two Months Ago Six months ago (Too Much Crypto, Not Enough Stuff), we wrote about coffee shortages and noted that the leading coffee exchange traded note was...
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Analyst Upgrades Starbucks Following Post-Earnings Sell-Off: 'Market Is Being Shortsighted'
Monday, November 1, 2021 - 11:47am | 576Starbucks Corporation (NASDAQ: SBUX) shares bounced back on Monday after the stock received a Wall Street upgrade by an analyst who believes the stock’s post-earnings sell-off is overdone. The Analyst: Stephens analyst James Rutherford upgraded Starbucks from Equal Weight to Overweight...
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Scandal-Ridden Luckin in Nascent Coffee Comeback. But Will Investors Take a Sip?
Friday, October 29, 2021 - 11:10am | 1341Key takeaways: Luckin Coffee’s latest post-scandal financial report shows revenue more than doubled in the first half of the year, as losses narrowed Reformed company’s shares have rebounded to just below their IPO price, as it moves to business model with new focus on franchising By...
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Why Dutch Bros Coffee's Price Target Was Raised by BofA
Wednesday, October 27, 2021 - 12:21pm | 236Dutch Bros Inc’s (NYSE: BROS) revenue growth is likely to outpace that of other “high-growth consumer companies,” as is its EBITDA growth, according to BofA Securities. The Dutch Bros Analyst: Sara Senatore reiterated a Buy rating for Dutch Bros, while raising the price target...
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Starbucks's Unusual Options Spotted
Tuesday, August 17, 2021 - 11:11am | 526Shares of Starbucks (NASDAQ:SBUX) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved down to $116.34. Sentiment: BULLISH Option Type: SWEEP Trade Type: PUT Expiration Date: 2021-09-17 Strike Price: $115.00 Volume: 644 Open Interest: 6436 Three...
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Tim Hortons China Lands SPAC Deal With Plans For 2,750 Stores: What Investors Should Know
Monday, August 16, 2021 - 9:34am | 484A SPAC focused on the consumer sector has announced the acquisition of a leading restaurant company in China. The SPAC Deal: Tim Hortons International Limited, also known as Tims China, announced a SPAC deal with Silver Crest Acquisition Corporation (NASDAQ: SLCR). The deal values the...
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EXCLUSIVE: Dogebeans Owner On Adopting Dogecoin Branding And How The Meme Coin Can Help Small Businesses Take On Giants Like Apple, Amazon
Wednesday, August 4, 2021 - 9:29am | 881Louisville, Kentucky-based Dogebeans owner Andrew Lutes was all praises for Dogecoin (CRYPTO: DOGE) and the community built around the Shiba Inu-themed cryptocurrency. Benzinga talked with Lutes about cryptocurrency, the coffee business, and his future plans on opening a DOGE-themed establishment....
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Starbucks Proves Loyalty Is Everything
Friday, July 30, 2021 - 10:02am | 643On Tuesday, Starbucks (NASDAQ: SBUX) reported better-than-expected results for its fiscal third quarter, topping Wall Street's estimates for both earnings and revenue. The powerful momentum empowered the multinational coffeehouse to raise its forecast for fiscal 2021 earnings per share, despite...