|Bid||76.13 x 1800|
|Ask||76.14 x 800|
|Day's Range||75.21 - 76.25|
|52 Week Range||47.37 - 76.95|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||33.93|
|Forward Dividend & Yield||1.44 (1.94%)|
|1y Target Est||N/A|
Coffee startup Luckin is continuing its fundraising spree as it sets itssights on becoming an alternative to Starbucks in China
Will Starbucks Outperform Analysts’ Expectations in Q2?Stock performance Starbucks (SBUX) is scheduled to announce its second-quarter earnings on April 25 after the market closes. As of April 17, the company was trading at $75.12—a rise of 16.0%
because of an accounting change that lifts gross margin. Starbucks reports second-quarter 2019 earnings April 25, and Cowen's revised estimates could also lead to an earnings beat. Cowen analyst Andrew Charles raised his price target on Starbucks to $69 a share from $63, with the new price target still below the stock's current level of $75.93 a share.
Starbucks (SBUX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chinese coffee start-up Luckin has raised $150m from investors including US asset manager BlackRock in a funding round which values the company at $2.9bn, as it pushes to overtake Starbucks by number of outlets in China. A private equity fund managed by BlackRock led the funding with $125 million, Luckin said.
The 75 companies on this year's lists had a combined cash giving in Washington State of $169.3 million in 2018.
Food stocks have been on fire. Whether that's been fast food stocks, fast casual stocks or whatever variation in between. The economy is going strong, the labor market is tight and that means good things for disposable income.As a result, a number of consumer-oriented food companies are doing quite well right now. Are they about to fizzle out or is the run just getting started?That varies by company, but with only tepid inflation impacting costs and bringing in technology to improve supply chain operations and efficiencies, many companies continue to churn out impressive results. Whether that's on the comparable-store sale side or the bottom line (or both).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks That Can Outperform for Years Let's quit wasting space and get on with the list of fast food stocks that have been on fire! Chipotle Mexican Grill (CMG) Click to EnlargeMan, what is going on with the burrito? Investors should print out the chart for Chipotle Mexican Grill (NYSE:CMG) and label it "lesson for stubborn short sellers."No matter what the bearish thesis is, it doesn't matter. Some shoot against Chipotle on a fundamental and valuation basis. Others note how overbought the stock has become. But none of these facts matter because the market can act irrational for far longer than expected. That's why discipline is so important and the only real factor to remember is price.Look, I get it. Chipotle reported earnings on February 6th, beating on earnings and revenue expectations. However, do earnings of just $1.72 per share and revenue growth of 10.4% justify an overbought condition for two months and a $194 (37%) rally in the stock?No, but that's what momentum can do to a stock.So what now? Obviously the risk/reward here does not favor those initiating a new long position. However, it's clear that -- short of a food-borne illness breakout -- Chipotle is back in investors' good graces.Eventually CMG stock will tire and it's a question of how much this one will pullback, not if it will do so. So far, it's been following its trends pretty well and luckily, it's a name we've liked since January. A pullback into the 50-day will likely attract some buyers and while I'm not sure if we get a $120 decline down to $600, but that could be a solid level of support too. Near $606 is the 38.2% retracement for the 2019 range.Watch for this one on a pullback. Starbucks (SBUX) Click to EnlargeNot quite as strong as the Chipotle rally, but one clearly with caffeine fueling its run is Starbucks (NASDAQ:SBUX). Earlier this week, I highlighted Starbucks stock as it was knocking on $75 resistance. I said that it's hard to get too bearish on Starbucks given its momentum, despite how much it's rallied in the past few months and quarters.Now pushing over $75, shares are definitely overbought. But as we just saw with Chipotle, that condition can persist for quite some time. If Starbucks stock rallies into earnings on April 25th though, it will become a strong candidate for a sell-the-news event.If the U.S. business can continue to buoy Starbucks' business until the Chinese business re-accelerates, SBUX could have plenty of upside over the long term. For now though, estimates predict 6.3% revenue growth this year and 7.8% growth next year. Earnings are forecast to grow 11.6% this year and 12.2% next year. For this, investors are paying almost 28 times this year's earnings.The bears will quickly point out that this valuation is stretched and given the stock's near-60% rally from the summer lows, that claim has some validity. But SBUX is a cash cow with strong margins and continued growth. That cash is being used to fuel an aggressive rollout in growth-hungry China, buy back large chunks of stock and put through huge increases in the dividend. * 7 Dental Stocks to Buy That Will Make You Smile Until the trend fades, SBUX stock is a buy-on-dips name. McDonald's (MCD) Click to EnlargeMcDonald's (NYSE:MCD) is likely the first stock that comes to mind when talking about fast food stocks.The Golden Arches are almost never a bad choice when looking for a long-term investment. Sure it goes through lulls and at times the stock is overvalued, but at the end of the day, its products are in demand. It doesn't matter about the trends in gluten or impossible burgers. Customers still want a Big Mac or McDouble with fries and that demand isn't going to fade.As a result, MCD rings up billions a year in profits. Before its most recent earnings report where McDonald's missed revenue expectations, it had beaten top- and bottom-line expectations nine quarters in a row. That "miss" though was by just $1.6 million on a consensus estimate of more than $5 billion.It shows just how incredibly consistent MCD has been over the last few years. While shares are hovering near all-time highs, the charts still look constructive and I would love a buyable pullback should this $187 to $188 area not buoy the name. The average price target hovers near $200, giving investors decent upside should it get there.Plus, McDonald's is one of the best dividend names you can own. Wendy's (WEN) Click to EnlargeAside from having a savage social media account, Wendy's (NYSE:WEN) stock has been doing well too. $18 had been resistance for almost a year before WEN stock finally pushed through it earlier this year.Wendy's has come up short of revenue estimates in four of the last six quarters, but after a volatile two years, expectations are settling down a bit.Analysts expect 4.9% revenue growth this year and 4.3% growth next year. On the earnings front, estimates call for 5.1% growth this year and a whopping 22.6% growth next year. If Wendy's stock can maintain momentum for the next few quarters, investors may really start to feast on this one in anticipation of that big earnings growth next year. * 3 Solar Stocks to Buy for a New Day in Solar Energy Should it lose $18 though, look for support to come into play near the 200-day moving average and uptrend support (blue line). While not quite as a high as MCD's 2.45% dividend yield, Wendy's 2.2% payout isn't unattractive after a 17.6% bump in February. Domino's Pizza (DPZ) Click to EnlargeFor years, Domino's Pizza (NYSE:DPZ) couldn't be stopped. The pizza maker was one of the first food companies to really embrace technology in a meaningful way. Consumers could place delivery and pickups order in a snap on the app and website. This not only gave a boost to revenue as more customers climbed aboard thanks to the convenience of online ordering, but it also gave a lift to margins. Domino's had less mistakes on its orders and therefore wasted less product.While the stock was a steady beast for many years, that hasn't been the same story over the past year. The stock is roughly flat over the past 12 months, but that may lead to big gains if DPZ can regain its prior momentum.On the weekly chart, you can see that these multi-month bull flags are not uncommon for DPZ. A break out of this pattern and a close over the 50-week moving average could ignite the stock to $300 and above.Analysts expect 9.7% revenue growth this year and next year, and earnings growth of 11.3% this year and 17.2% next year. If DPZ can deliver on these expectations (and perhaps more), maybe that will be enough to get the stock moving higher. Others say the stock's too cheap, so take your pick.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long SBUX. Compare Brokers The post 5 Fast Food Stocks That Are Cooking With Fire appeared first on InvestorPlace.
Starbucks Corp. has announced plans to expand its investment in solar farms and use the energy to power hundreds of its coffee-serving stores in Texas. Seattle-based Starbucks on Monday announced the deal ...
Here are the worst plastic products, and some of the most common brands that pollute U.S. rivers, lakes and oceans, and what you can do about it.
We have established a new position in Starbucks (NASDAQ:SBUX) and made an addition to the position during the quarter, as well. While there are no undiscovered gems in the eleventh year of a historic bull market, we believe Starbucks represents an attractive, improving business which we were able to purchase at a reasonable valuation. Warning! GuruFocus has detected 3 Warning Signs with BITA.
Top first quarter performance detractors include Qualcomm, Berkshire Hathaway, Booking Holdings, Alphabet Class C, and Starbucks, plus Charles Schwab and C.H. Robinson. During the quarter we sold Qualcomm and trimmed positions in Ross Stores, Old Dominion Freight Line, and Charles Schwab.
Starbucks Corp. has partnered with Cypress Creek Renewables and U.S. Bank on solar farms in Texas, with two of them powering 360 Starbucks locations across the state. The two solar farms, which are operated by Cypress Creek, are located in Wharton and Blossom, Tex. Starbucks is separately investing in six Cypress Creek-owned solar farms in the state. Starbucks has previously worked with U.S. Bank on a solar farm in Maxton, N.C. that powers 600 stores. Starbucks stock has gained 18.3% in 2019 so far while the S&P 500 index is up 15.7% for the period.
McKinsey & Co.'s decision to move from downtown to 725 Ponce is a sign that the Beltline will become the city's newest office corridor.
The S&P 500 stalled near 2019 highs ahead of earnings season as companies that buy back shares and NASDAQ tech stocks continue to soar.
Restaurants stocks have, on average, seen gains slightly below the market average in 2019, but JPMorgan warns that their shares still look overvalued, given headwinds for the industry. Fast food restaurants have mostly seen small double-digit gains since the start of the year, although there have been some clear outperformers, like (SBUX) (SBUX) and (DNKN) (DNKN), but some of the biggest brands, like (MCD) (MCD) and (YUM) (YUM) have mostly lagged the S&P 500, with single-digit gains. JPMorgan’s John Ivankoe takes a look at the restaurant space on Thursday, wand offers a few takeaways from his firm’s recent industry conference.
The president and CIO of Ensemble Capital is wicked smart and a great teacher. Read on for his take on qualitative vs. quantitative investing and so much more.