Wall Street Upgrades These Coffee Stocks
This morning DA Davidson upgraded Dunkin’ Brands (NASDAQ:DNKN) to Neutral and Starbucks (NASDAQ:SBUX) to Buy, with Starbucks getting the nod despite its stock’s recent all-time highs. Starbucks should produce 20 percent earnings growth in the coming 3-5 years, says Davidson. Dunkin Brands, however, after trading at near-term lows and falling almost 15 percent over the past few months, is all about valuation.
Here’s how Dunkin Brands and Starbucks shares are reacting to the news:
Dunkin’ Brands Group Inc (NASDAQ:DNKN): DNKN shares recently traded at $24.79, down $0.1, or 0.4%. They have traded in a 52-week range of $23.24 to $31.94. Volume today was 203,813 shares versus a 3-month average volume of 997,235 shares. The company’s trailing P/E is 41.45, while trailing earnings are $0.60 per share.
Starbucks Corp. (NASDAQ:SBUX): SBUX shares recently traded at $45.48, down $0.46, or 1%. They have traded in a 52-week range of $30.75 to $46.10. Volume today was 1,777,067 shares versus a 3-month average volume of 6,553,570 shares. The company’s trailing P/E is 28.08, while trailing earnings are $1.62 per share.
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