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Starbucks, Goldman Sachs: S&P Laggards

NEW YORK ( TheStreet) -- Starbucks (SBUX - Get Report) and Goldman Sachs (GS - Get Report) were among the worst-performing stocks in the S&P 500 on Tuesday.

The S&P 500 rose 21.21 points, or 1.55%, to 1,390.78.

Shares of Starbucks dropped 1.66% Tuesday to $58.66 on profit-taking following the stock reaching a 52-week high on Monday.

Shares of Starbucks hit a 52-week high on Monday of $62. The stock's 52-week low of $33.72 was set on Aug. 9.

Starbucks' stock trades at an estimated price-to-earnings ratio for next year of 25.42X; the average for restaurant and bar companies is 20X. For comparison, Dunkin' Brands (DNKN) has a lower forward P/E of 21.52X.

Twenty-three of the 31 analysts who cover Starbucks rate it at buy. Seven analysts give the stock a hold rating and one rates it at sell.

TheStreet Ratings gives Starbucks an A+ grade with a buy rating and $79.57 price target. The stock has risen 27.5% year to date.

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GS $198.61 0.31%
SBUX $51.31 -1.00%
AAPL $132.76 1.90%
FB $82.45 1.10%
GOOG $556.92 -1.40%


DOW 18,132.96 +52.82 0.29%
S&P 500 2,120.86 +3.17 0.15%
NASDAQ 5,101.3720 +9.2870 0.18%

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