Starbucks traded in the red for seven straight sessions
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Contributor since / Followers
Contributor since / Followers
2 months ago
Starbucks (NASDAQ:SBUX) shares traded in the red on Friday, making it the seventh consecutive day of losses. The stock closed down 0.45% at $91.15.
SBUX stock fell about 4.7% in the last 12 months. YTD, the stock is trading down about 4.2%, compared to the broader S&P 500 market which is up 15.4%.
Looking at Seeking Alpha’s Quant Ratings, this company has a Hold rating with a score of 3.15 out of 5.
When it comes to Wall Street analysis, 16 out of 34 analysts recommend a Hold, 10 recommend a Strong Buy, and 8 recommend a Buy.
According to SA analyst The Dividend Collectuh, “Starbucks stock has faced headwinds but rallied after good news of Chipotle’s CEO coming on board next month. New CEO Brian Niccol’s success at Chipotle suggests the potential for Starbucks to improve and trade significantly higher in the long term.”
Seeking Alpha analysts have a Hold rating on the company.