Starbucks has worked to trim costs by closing underperforming stores and limiting the number of new store openings, and it is making an aggressive push into China.
Shares of Starbucks hit a 52-week high on Thursday of $60.44. The stock's 52-week low of $33.72 was set on Aug. 9.
"As it relates to the single-serve arena, the company is unique vs. peers in that it now owns both the content and distribution and we believe SBUX shares will benefit as the company transitions from the 'stealth' way to a clear and obvious way for investors to play the premium single-serve opportunity," Piper Jaffray analysts wrote in an April 3 report. "Looking out to FY16, we would note that our estimates reflect the company's CPG segment contributing approximately 30% of the Starbucks' consolidated
>To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts