Starbucks stock retreated Tuesday in heavy volume after a research report suggested the coffee chain's growth may be losing some steam.
"Coming off two very strong quarters, our proprietary data indicates the chain's momentum may have slowed this quarter. We believe sales growth will likely continue to be driven primarily by increased traffic and innovative food and beverage offerings," ITG Investment Research's Steve West wrote in a report.
Following the report's release on Tuesday, Starbucks stock slid about 3 percent. (Click here to track the company's stock following the report.) During the past year, Starbucks shares have skyrocketed, outpacing the S&P 500's rise to jump about 45 percent.