|Bid||78.80 x 4000|
|Ask||78.99 x 800|
|Day's Range||78.44 - 79.65|
|52 Week Range||47.37 - 79.65|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||34.09|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||1.44 (1.85%)|
|1y Target Est||77.64|
Luckin Coffee Inc., a China-based company that has quickly become a key competitor to Starbucks Corp. in that country, has filed paperwork to go public.
Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20% in their U.S. stock market debut Friday. The Chinese company, which opened its first store in Beijing less than two years ago, has 2,370 locations and plans to surpass the 3,700 stores Starbucks has in China by the end of the year. It brought in $125 million in revenue last year, but spent much more than that on coffee beans, store rent and other costs.
SBUX's (NASDAQ:SBUX) fiscal second quarter results lend further support to our belief in the company's wide competitive moat and its long-term, high -single-digit revenue growth outlook. Starbucks' store base grew 7% this quarter to more than 30,000 stores globally. Warning! GuruFocus has detected 5 Warning Sign with HLT.
Pershing Square Holdings generated strong performance during the first quarter of 2019 and year-to -date. NAV per share increased 36.9% during the first quarter and by 38.4%1 year-to-date, compared with the S&P 500's year-to-date total return of 13.9%. Warning! GuruFocus has detected 5 Warning Signs with FNMA.
A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China have threatened to drive down the cost of oil and gasoline. WASHINGTON (AP) -- Caught in a sprawling trade dispute with U.S. rival China, President Donald Trump has decided against declaring commercial war on America's friends.
Luckin sold 33 million American depositary shares Thursday for $17 each, after marketing 30 million shares for $15 to $17. The IPO topped earlier expectations of a share sale that people familiar with the plans said in February could raise about $300 million. Concurrent with the IPO, the company raised an additional $50 million through a private placement with Louis Dreyfus Co., according to its filings.
Luckin Coffee is challenging Starbucks’ long-held dominance of China’s freshly-brewed coffee market. It has expanded rapidly in less than two years.
Chinese Starbucks rival Luckin Coffee rallied on its first day of trading Friday after pricing an upsized IPO at the high end of its range.
Chinese coffee chain Luckin Coffee started trading on the public markets Friday—and the stock started hot. (LK) stock, trading on the Nasdaq exchange under the ticker symbol LK, quickly surged 47% above the IPO price of $17. It rose almost as high as $26 per share before closing at $20.38 per share, for a one-day gain of 19.9% over the IPO price.
Pershing Square Holdings , the hedge fund controlled by billionaire Bill Ackman , reported strong performance in the first quarter of 2019. The fund’s net asset value per share increased 36.9 percent during ...
The IPO gives Luckin more firepower and exposure to fuel its ambitious plan of overtaking Starbucks in China this year as the largest coffee chain by number of outlets. Luckin has 2,370 stores in China and plans to open 2,500 more this year to go past Seattle-based Starbucks, which has long dominated China's coffee scene and has over 3,600 stores in the country.
China’s Luckin Coffee Inc. (NASDAQ: LK ) made its debut on the Nasdaq Friday morning. Luckin Coffee issued 30 million shares priced at $17, the high end of its original range. Luckin Coffee shares opened ...
China's Luckin Coffee Inc. will trade for the first time on a public market Friday, which could impact rival Starbucks Corporation (NASDAQ: SBUX)'s performance in the Chinese market. A Possible Breakout After Years Of 'Nothing'? Shares of Starbucks are up more than 20 percent since the start of 2019 and 40 percent over the past year, MKM Partners Chief Market Technician JC O'Hara said during a Friday CNBC "Trading Nation" segment. Starbucks' stock has "pretty much done nothing" over the past four years has traded between $52 to $64 per share, the technical analyst said.
priced its planned IPO at the higher end of its target range, the company said Friday. Luckin sold 33 million American Depository Shares at a price of $17 each, the company said, tapping the upper end of the $15 to $17 range the group's underwriters had targeted in the weeks prior to today's listing on the Nasdaq. The IPO will raise around $571 million for Luckin, the company said, and value the Beijing-based upstart at just over $4.2 billion.
The CFO of China's Luckin Coffee says the tech-based beverage company's business model is setting itself apart from U.S. coffee giant Starbucks. Luckin Coffee is set to go public Friday on the Nasdaq, after pricing its initial public offering at $17 per share. "We're using very small stores," allowing Luckin to cut down on costs while being "very close to our customers," says CFO Reinout Schakel.
China coffee giant Luckin Coffee is set to start trading on the Nasdaq this morning, priced at $17 per share. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Scott Gamm discuss Luckin's valuation and outlook.
Chinese coffee company Luckin is preparing to go public. The company is planning to sell shares at a range of $15-$17, giving an estimated raise of $450-$510 million. Luckin CFO Reinout Schakel joins "Squawk Box" ahead of the IPO.