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RBC Capital Remains a Hold on Starbucks (SBUX)

Tipranks - Tipranks - Sat Apr 18, 6:32AM CDT

In a report released yesterday, Logan Reich from RBC Capital maintained a Hold rating on Starbucks, with a price target of $105.00. The company’s shares closed yesterday at $98.36.

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Reich covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Restaurant Brands International, and Dutch Bros Inc. According to TipRanks, Reich has an average return of -11.4% and a 40.30% success rate on recommended stocks.

In addition to RBC Capital, Starbucks also received a Hold from Citi’s Jon Tower in a report issued on April 13. However, on April 15, Tigress Financial reiterated a Buy rating on Starbucks (NASDAQ: SBUX).

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Based on Starbucks’ latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $9.91 billion and a net profit of $293.3 million. In comparison, last year the company earned a revenue of $9.4 billion and had a net profit of $780.8 million

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