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SBUX

Starbucks

$90.05

-0.55 (-0.61%)

10:22
09/11/19
09/11
10:22
09/11/19
10:22

Starbucks says no SEC inquiry of company, Bloomberg reports

Starbucks, following a report yesterday from The Wall Street Journal regarding communications with the SEC about revenue-recognition practices, told Bloomberg that there is no SEC inquiry of the company. Starbucks exchanged letters with the SEC, "as customary," on its revenue-recognition standards, the company told Bloomberg.

SBUX Starbucks
$90.05

-0.55 (-0.61%)

07/29/19
07/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Domino's Pizza (DPZ) initiated with a Sell at Deutsche Bank and a Neutral at Goldman Sachs. 2. Oaktree Specialty Lending (OCSL) initiated with a Neutral at Janney Montgomery Scott. 3. Chipotle (CMG) initiated with a Conviction Buy at Goldman Sachs, while McDonald's (MCD), Starbucks (SBUX), and Shake Shack (SHAK) were initiated with a Buy, Restaurant Brands (QSR) and Yum! Brands (YUM) were initiated with a Neutral, and Wendy's (WEN) and Jack in the Box (JACK) were initiated with a Sell. 4. PepsiCo (PEP) and Coca-Cola (KO) initiated with an Overweight at Atlantic Equities. 5. Dell Technologies (DELL) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/04/19
BARD
09/04/19
NO CHANGE
BARD
Neutral
Starbucks FY20 comments likely to be viewed as disappointing, says Baird
Baird analyst David Tarantino said there is no change to his fundamental outlook on Starbucks after the company guided toward FY20 EPS growth below its long-term annual target while speaking at a competitor's conference. Though he is not surprised by the company's commentary, management's remarks suggest that current consensus for EPS may need to come down, which will likely be viewed as disappointing after several quarters of upward EPS revisions, Tarantino said. The analyst, who noted that detailed FY20 guidance will be provided in conjunction with the company's Q4 report, said he "detected an upbeat tone" about the current consumer environment in the U.S. and he remains confident Starbucks can deliver Q4 Americas comps at or above his 4%estimate. Tarantino keeps a Neutral rating on Starbucks shares.
09/04/19
BTIG
09/04/19
NO CHANGE
BTIG
Neutral
Starbucks being conservative with 'modest' FY20 guidance reduction, says BTIG
BTIG analyst Peter Saleh said he views the "modest" FY20 guidance reduction from Starbucks at an investor conference this morning as largely attributable to stronger results in FY19 and management conservatism. The analyst, who said that Starbucks outperformed its initial FY19 guidance by pulling forward some growth from FY20, thinks this updated EPS guidance could still prove conservative if recent comp momentum continues. However, he keeps a Neutral rating on Starbucks shares, citing a slower pace of growth and P/E multiple that he said "is within striking distance of a 10-year peak."
09/10/19
CLVD
09/10/19
NO CHANGE
CLVD
Neutral
Starbucks Americas comps likely ahead of Q4 consensus, says Cleveland Research
Cleveland Research analyst Steven Gojak said his checks indicate that a strong seasonal launch, Nitro and cold beverage growth, and favorable fall weather appear to be driving Starbucks comp growth in the Americas region that is ahead of consensus expectations. The analyst raised his Q4 Americas comp estimate to 5.5% growth, versus a 4.4% consensus estimate, and keeps a Neutral rating on Starbucks shares.

TODAY'S FREE FLY STORIES

XLRN

Acceleron

$44.67

0.75 (1.71%)

22:05
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PNRL

Paringa Resources

$2.28

-0.06 (-2.56%)

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Paringa Resources names Jim Middleton as Executive Advisor »

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RBNC

Reliant Bancorp

$24.70

0.16 (0.65%)

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    Sep

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, INTC

Intel

$52.21

-0.32 (-0.61%)

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Intel, Oracle collaborate on Optane DC Persistent Memory »

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ORCL

Oracle

$53.12

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INTC

Intel

$52.21

-0.32 (-0.61%)

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  • 24

    Oct

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, VMW

VMware

$155.87

4.81 (3.18%)

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VMware, Oracle expand partnership on hybrid cloud »

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Oracle

$53.12

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VMW

VMware

$155.87

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  • 10

    Oct

ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

, BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

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Fly Intel: After Hours Movers »

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ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

GLW

Corning

$30.04

-0.12 (-0.40%)

XLRN

Acceleron

$44.67

0.75 (1.71%)

SHOP

Shopify

$337.93

-0.77 (-0.23%)

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

PSTV

Plus Therapeutics

$9.51

-0.05 (-0.52%)

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  • 16

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  • 17

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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

19:03
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19:03
Hot Stocks
3G Capital sells 25.1M shares of Kraft Heinz »

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  • 01

    Oct

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

18:53
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Hot Stocks
Kraft Heinz's Lemann acquires nearly 3.5M common shares »

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  • 01

    Oct

HMSY

HMS Holdings

$37.14

0.24 (0.65%)

18:43
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HMS Holdings acquires VitreosHealth for approximately $36.5M »

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18:25
09/16/19
09/16
18:25
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18:25
General news
U.S. industrial production preview: »

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General news
Treasury Market Summary »

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ICAD

iCAD

$6.89

-0.01 (-0.14%)

18:25
09/16/19
09/16
18:25
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18:25
Conference/Events
iCAD to hold an investor reception »

Management hosts "An…

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  • 16

    Sep

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:18
09/16/19
09/16
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Hot Stocks
Corning down 5.5% or $1.64 at $28.40 per share after cutting volume outlook »

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WE

We Company

$0.00

(0.00%)

18:17
09/16/19
09/16
18:17
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Periodicals
We Company IPO delayed until October at earliest, WSJ reports »

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:16
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Corning cuts Q3 volume guidance for Display and Optical Communications units »

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WE

We Company

$0.00

(0.00%)

18:05
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Periodicals
Breaking Periodicals news story on We Company »

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GM

General Motors

$37.21

-1.62 (-4.17%)

18:02
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Periodicals
Auto workers strike could cost GM $100M daily, WSJ says »

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:57
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Hamilton Lane vice chairman sells 150K shares of common stock »

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  • 26

    Sep

17:52
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Conference/Events
SVB Leerink biotech analysts to hold analyst/industry conference call »

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:52
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Hamilton Lane chairman sells 78.5K shares of common »

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  • 26

    Sep

GD

General Dynamics

$190.91

0.98 (0.52%)

, BAH

Booz Allen

$70.35

0.85 (1.22%)

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General Dynamics, Booz Allen and Parsons awarded $427M max Air Force contract »

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GD

General Dynamics

$190.91

0.98 (0.52%)

BAH

Booz Allen

$70.35

0.85 (1.22%)

PSN

Parsons

$37.25

0.35 (0.95%)

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  • 27

    Oct

T

AT&T

$37.32

-0.58 (-1.53%)

17:43
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Periodicals
Suit claims AT&T told employees to make fake DirecTV accounts, Bloomberg says »

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  • 23

    Oct

UBER

Uber

$34.42

1.18 (3.55%)

, LYFT

Lyft

$47.78

1.68 (3.64%)

17:39
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Periodicals
Uber to limit drivers' app access in NYC to comply with rules, Reuters says »

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UBER

Uber

$34.42

1.18 (3.55%)

LYFT

Lyft

$47.78

1.68 (3.64%)

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NEE

NextEra Energy

$218.31

-0.19 (-0.09%)

17:36
09/16/19
09/16
17:36
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17:36
Conference/Events
NextEra Energy management to meet with UBS »

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  • 18

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NJR

New Jersey Resources

$44.80

-0.36 (-0.80%)

17:34
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New Jersey Resources formally appoints Steve Westhoven CEO »

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