JPMorgan Chase & Co. Cuts Starbucks (NASDAQ:SBUX) Price Target to $105.00

Starbucks (NASDAQ:SBUX) had its target price trimmed by JPMorgan Chase & Co. from $112.00 to $105.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the coffee company’s stock.

A number of other equities analysts have also recently issued reports on SBUX. BNP Paribas Exane increased their target price on Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a report on Thursday, July 30th. Citigroup boosted their price target on shares of Starbucks from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Compass Point started coverage on shares of Starbucks in a report on Monday, August 3rd. They set a “buy” rating on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $130.00 price objective on shares of Starbucks in a report on Thursday, July 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Starbucks has a consensus rating of “Hold” and a consensus price target of $110.48.

Starbucks Price Performance

Shares of SBUX opened at $94.88 on Tuesday. The stock has a 50-day moving average of $102.50 and a 200-day moving average of $101.01. The company has a market cap of $108.16 billion, a PE ratio of 54.53, a P/E/G ratio of 1.63 and a beta of 0.98. Starbucks has a one year low of $77.99 and a one year high of $110.51.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts expect that Starbucks will post 2.62 EPS for the current fiscal year.

Insider Buying and Selling at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $105.60, for a total transaction of $235,382.40. Following the transaction, the chief executive officer directly owned 73,149 shares of the company’s stock, valued at $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock worth $703,450 over the last 90 days. 0.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On Starbucks

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBUX. Sunbelt Securities Inc. lifted its position in shares of Starbucks by 1.0% during the 1st quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock valued at $849,000 after buying an additional 97 shares during the last quarter. Cypress Capital Management LLC WY increased its holdings in Starbucks by 30.9% in the 2nd quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company’s stock worth $43,000 after acquiring an additional 100 shares during the last quarter. Webster Bank N. A. raised its stake in Starbucks by 7.8% in the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after acquiring an additional 101 shares during the period. Nilsine Partners LLC raised its stake in Starbucks by 1.0% in the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock valued at $1,026,000 after acquiring an additional 101 shares during the period. Finally, Beta Wealth Group Inc. lifted its holdings in Starbucks by 1.7% during the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock valued at $635,000 after purchasing an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Company Profile

Starbucks Corporation is a global specialty coffee company that operates coffeehouses and sells coffee, tea and other beverages, along with food products and merchandise. Its menu includes brewed coffee, espresso-based drinks, cold beverages, teas, bakery items and ready-to-eat food. Starbucks also markets packaged coffee, ready-to-drink beverages and related products through retail and grocery channels, often through licensing and other business partnerships.

Founded in Seattle in 1971, Starbucks expanded from a local coffee retailer into an international brand.