Starbucks Corporation (NASDAQ:SBUX) is included among the 10 Best Food Stocks with Highest Dividends.
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On April 21, Chris O’Cull of Stifel raised the firm’s price recommendation on Starbucks Corporation (NASDAQ:SBUX) to $115 from $105. It reiterated a Buy rating ahead of the company’s report due April 28 after-market. The firm expects Starbucks to report earnings at least in line with the Street mean EPS estimate of 42c. The analyst said domestic sales trends have been “solid” based on a review of mobile location data.
On April 21, Reuters reported that Starbucks said it would invest $100 million to establish a corporate office in Nashville to support expansion across the southeastern United States. The coffee chain said the Nashville office would complement its global and North America headquarters in Seattle. Over the next five years, the company expects to bring 2,000 support jobs to Nashville.
It said it plans to relocate some teams from Seattle to Nashville. Nashville-based jobs will include a mix of new roles and the replacement of contract workers with full-time staff, Starbucks said.
Starbucks Corporation (NASDAQ:SBUX) is a roaster, marketer, and retailer of specialty coffee globally. Its North America segment includes the United States and Canada. Its International segment spans China, Japan, Asia Pacific, Europe, the Middle East and Africa, Latin America, and the Caribbean.
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