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SBUX

Starbucks

$64.90

-1.54 (-2.32%)

16:11
01/24/19
01/24
16:11
01/24/19
16:11

Starbucks reports active Rewards membership in U.S. up 14% in Q1

Starbucks Rewards loyalty program grew to 16.3M active members in the U.S., up 14% year-over-year. "Starbucks delivered solid operating results in the first quarter, demonstrating continued momentum in our business, as we drive our growth-at-scale agenda with focus and discipline. We are particularly pleased with the sequential improvement in quarterly comparable store transactions in the U.S., underpinned by our digital initiatives and improved execution of our in-store experience. With this solid start to the fiscal year, we are on track to deliver on our full-year commitments," said Kevin Johnson, president and CEO.

  • 24

    Jan

SBUX Starbucks
$64.90

-1.54 (-2.32%)

01/11/19
01/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Asset managers BlackRock (BLK), Eaton Vance (EV), Ivesco (IVZ), Affiliated Managers (AMG) and Legg Mason (LM) downgraded to Hold from Buy at Deutsche Bank, with analyst Brian Bedell saying their fundamentals are "unlikely to improve anytime soon." The analyst believes "investor neglect" toward the stocks should continue on fears of a market downturn, as well as due to poor fundamentals from product outflows and pressure on fee rates and operating margins. 2. Starbucks (SBUX) downgraded to Neutral from Buy at Goldman Sachs by analyst Karen Holthouse, saying she remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1. The analyst also downgraded Yum! Brands (YUM) to Sell from Neutral. 3. Gap (GPS) downgraded to Underweight from Overweight at Barclays, with analyst Chethan Mallela saying he believes "challenging" traffic trends and "difficult" comparisons cloud visibility into the company's sales growth momentum. Further, the analyst believes the company's cost pressures will be larger than investors anticipate and pose risk to consensus estimates. 4. WW (WTW) downgraded to Neutral from Overweight at JPMorgan by analyst Christina Brathwaite, saying early in the year channel checks point to a weak start to 2019 for the company. The checks suggest traffic to WW''s website and engagement on its mobile app are down double-digit percentages year-over-year, the analyst added. 5. Hanesbrands (HBI) downgraded to Hold from Buy at Deutsche Bank, with analyst Tiffany Kanaga citing a deep dive of the company's international business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/11/19
BMOC
01/11/19
NO CHANGE
Target $60
BMOC
Market Perform
Starbucks price target lowered to $60 from $63 at BMO Capital
BMO Capital analyst Andrew Strelzik lowered his price target on Starbucks to $60 and kept his Market Perform rating, saying the company's "valuation resiliency" appears to be "disconnected" from changes to the fundamentals. The analyst notes that in spite of trading at "multiyear high relative valuation metrics", Starbucks is facing slower growth and a less solid outlook for its China market. Strelzik adds that although there may not be a near term downside catalyst, the risk-reward on Starbucks appears to be tilted to the downside.
01/11/19
GSCO
01/11/19
DOWNGRADE
Target $68
GSCO
Neutral
Starbucks downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Karen Holthouse downgraded Starbucks to Neutral and lowered her price target for the shares to $68 from $75. The coffee giant closed yesterday up 31c to $64.19. The analyst remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1, Holthouse tells investors in a research note. Further, she has "incremental concerns" regarding the China macro environment and the company's comp trajectory in that region. Other consumer companies, like Apple (AAPL) and McDonald's (MCD), have noted weakness in China, the analyst points out. Holthouse this morning also upgraded Texas Roadhouse (TXRH) to Buy from Neutral and downgraded Yum! Brands (YUM) to Sell from Neutral.
12/19/18
JPMS
12/19/18
NO CHANGE
Target $70
JPMS
Overweight
JPMorgan likes shares of Starbucks at current levels
JPMorgan analyst John Ivankoe says he likes shares of Starbucks at current levels after taking a group of investors to the company's Seattle headquarters. Improved visibility into U.S. comp improvement, driven by various sales-driving initiatives along with 6%-7% global unit growth, will allow Starbucks to sustain a premium multiple, Ivankoe tells investors in a research note. He keeps an Overweight rating on the shares with a $70 price target.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
03/20/19
03/20
13:17
03/20/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
03/20/19
03/20
13:16
03/20/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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SBUX

Starbucks

$71.54

0.15 (0.21%)

13:15
03/20/19
03/20
13:15
03/20/19
13:15
Hot Stocks
Starbucks CEO says company focused on building foundation for next 50 years »

Starbucks CEO Kevin…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

    Mar

AEM

Agnico Eagle

$42.80

-0.47 (-1.09%)

13:15
03/20/19
03/20
13:15
03/20/19
13:15
Options
Agnico Eagle put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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03/06/13
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13:15
03/20/19
03/20
13:15
03/20/19
13:15
General news
FOMC Forecast revisions »

FOMC Forecast revisions…

BMWYY

BMW

$0.00

(0.00%)

, F

Ford

$8.50

-0.205 (-2.36%)

13:13
03/20/19
03/20
13:13
03/20/19
13:13
On The Fly
BMW drops after profit slump prediction, peers follow »

German automobile,…

BMWYY

BMW

$0.00

(0.00%)

F

Ford

$8.50

-0.205 (-2.36%)

GM

General Motors

$36.91

-1.36 (-3.55%)

FCAU

Fiat Chrysler

$14.72

-0.4 (-2.65%)

HMC

Honda

$27.46

-0.26 (-0.94%)

TM

Toyota

$119.53

-0.2 (-0.17%)

NSANY

Nissan

$0.00

(0.00%)

VLKAY

Volkswagen

$0.00

(0.00%)

03/08/13
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03/06/13
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    Oct

TLRD

Tailored Brands

$7.66

-0.41 (-5.08%)

13:05
03/20/19
03/20
13:05
03/20/19
13:05
Options
Tailored Brands call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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HIIQ

Health Insurance Innovations

$29.13

-3.5 (-10.73%)

12:55
03/20/19
03/20
12:55
03/20/19
12:55
Options
Health Insurance Innovations put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    May

DRI

Darden

$108.53

-1.88 (-1.70%)

, CAG

Conagra Brands

$22.72

-0.09 (-0.39%)

12:53
03/20/19
03/20
12:53
03/20/19
12:53
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

DRI

Darden

$108.53

-1.88 (-1.70%)

CAG

Conagra Brands

$22.72

-0.09 (-0.39%)

CMC

Commercial Metals

$15.86

-0.26 (-1.61%)

GIII

G-III Apparel

$34.73

-0.83 (-2.33%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Mar

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    Mar

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    Mar

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    Mar

MU

Micron

$39.75

-0.63 (-1.56%)

, WSM

Williams-Sonoma

$56.40

-0.39 (-0.69%)

12:53
03/20/19
03/20
12:53
03/20/19
12:53
Earnings
Notable companies reporting after market close »

Notable companies…

MU

Micron

$39.75

-0.63 (-1.56%)

WSM

Williams-Sonoma

$56.40

-0.39 (-0.69%)

GES

Guess

$22.02

-0.49 (-2.18%)

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 20

    Mar

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    Mar

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    Mar

  • 02

    Apr

  • 03

    Apr

  • 28

    May

ULTA

Ulta Beauty

$334.29

0.14 (0.04%)

, AMZN

Amazon.com

$1,775.60

13.15 (0.75%)

12:47
03/20/19
03/20
12:47
03/20/19
12:47
Recommendations
Ulta Beauty, Amazon.com, e.l.f. Beauty, Revlon, Estee Lauder, Coty analyst commentary  »

Amazon risk still…

ULTA

Ulta Beauty

$334.29

0.14 (0.04%)

AMZN

Amazon.com

$1,775.60

13.15 (0.75%)

ELF

e.l.f. Beauty

$9.73

0.495 (5.36%)

REV

Revlon

$19.49

1.47 (8.16%)

EL

Estee Lauder

$158.67

-2.03 (-1.26%)

COTY

Coty

$11.42

-0.08 (-0.70%)

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 20

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  • 26

    Mar

  • 04

    Apr

  • 01

    May

  • 28

    May

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$281.08

-1.4 (-0.50%)

12:43
03/20/19
03/20
12:43
03/20/19
12:43
Periodicals
Trump says tariffs on China could last for long period of time »

President Trump, speaking…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$281.08

-1.4 (-0.50%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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ONCE

Spark Therapeutics

$113.52

-0.22 (-0.19%)

12:40
03/20/19
03/20
12:40
03/20/19
12:40
Options
Deal hedge opened in Spark Therapeutics »

Deal hedge opened in…

03/08/13
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03/06/13
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VOD

Vodafone

$19.29

0.07 (0.36%)

, LBTYA

Liberty Global

$26.07

-0.08 (-0.31%)

12:39
03/20/19
03/20
12:39
03/20/19
12:39
Periodicals
EC to issue statement of objections on Vodafone, Liberty deal, Reuters says »

EU antitrust regulators…

VOD

Vodafone

$19.29

0.07 (0.36%)

LBTYA

Liberty Global

$26.07

-0.08 (-0.31%)

LBTYK

Liberty Global

$25.40

-0.06 (-0.24%)

03/08/13
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MU

Micron

$39.81

-0.57 (-1.41%)

, SSNLF

Samsung

$0.00

(0.00%)

12:37
03/20/19
03/20
12:37
03/20/19
12:37
Earnings
Fly Intel: What to watch in Micron's earnings report »

Micron (MU) is scheduled…

MU

Micron

$39.81

-0.57 (-1.41%)

SSNLF

Samsung

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

    Mar

  • 20

    Mar

  • 28

    May

VOD

Vodafone

$19.30

0.08 (0.42%)

, LBTYA

Liberty Global

$26.03

-0.12 (-0.46%)

12:35
03/20/19
03/20
12:35
03/20/19
12:35
Periodicals
Breaking Periodicals news story on Vodafone, Liberty Global »

EC to issue statement of…

VOD

Vodafone

$19.30

0.08 (0.42%)

LBTYA

Liberty Global

$26.03

-0.12 (-0.46%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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SPY

SPDR S&P 500 ETF Trust

$281.11

-1.37 (-0.48%)

, SPX

S&P 500

$0.00

(0.00%)

12:34
03/20/19
03/20
12:34
03/20/19
12:34
General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

Trump says tariffs to…

SPY

SPDR S&P 500 ETF Trust

$281.11

-1.37 (-0.48%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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ALLY

Ally Financial

$26.57

-0.29 (-1.08%)

12:30
03/20/19
03/20
12:30
03/20/19
12:30
Options
Aggressive call buy in Ally Financial »

Aggressive call buy in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 27

    Mar

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    Apr

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    May

MSFT

Microsoft

$117.41

-0.31 (-0.26%)

, NTDOY

Nintendo

$0.00

(0.00%)

12:25
03/20/19
03/20
12:25
03/20/19
12:25
Periodicals
Former Microsoft exclusive 'Cuphead' coming to Nintendo Switch, Verge says »

Indie video game…

MSFT

Microsoft

$117.41

-0.31 (-0.26%)

NTDOY

Nintendo

$0.00

(0.00%)

03/08/13
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  • 04

    Apr

LB

L Brands

$27.53

-0.665 (-2.36%)

12:25
03/20/19
03/20
12:25
03/20/19
12:25
Options
L Brands call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 16

    May

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    May

NTNX

Nutanix

$39.18

0.405 (1.04%)

12:25
03/20/19
03/20
12:25
03/20/19
12:25
Conference/Events
Nutanix to host investor day »

Investor Day to be held…

03/08/13
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  • 20

    Mar

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EA

Electronic Arts

$96.97

-0.54 (-0.55%)

, GOOG

Alphabet

$1,206.40

6.69 (0.56%)

12:20
03/20/19
03/20
12:20
03/20/19
12:20
Recommendations
Electronic Arts, Alphabet, Alphabet Class A, Microsoft, Sony analyst commentary at Buckingham »

Buckingham Neutral on…

EA

Electronic Arts

$96.97

-0.54 (-0.55%)

GOOG

Alphabet

$1,206.40

6.69 (0.56%)

GOOGL

Alphabet Class A

$1,210.03

6.9 (0.57%)

MSFT

Microsoft

$117.34

-0.38 (-0.32%)

SNE

Sony

$43.20

-2.3 (-5.05%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
03/20/19
03/20
12:17
03/20/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
03/20/19
03/20
12:16
03/20/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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CBS

CBS

$46.07

-1.09 (-2.31%)

12:15
03/20/19
03/20
12:15
03/20/19
12:15
Options
CBS put volume heavy and directionally bearish »

Bearish flow noted in CBS…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 02

    May

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