Starbucks Corporation (NASDAQ:SBUX) Receives $102.12 Average PT from Analysts

Shares of Starbucks Corporation (NASDAQ:SBUXGet Free Report) have received an average rating of “Hold” from the twenty-nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $102.12.

SBUX has been the topic of several recent research reports. Zacks Research cut Starbucks from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. UBS Group set a $94.00 price target on shares of Starbucks and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada set a $100.00 price objective on shares of Starbucks and gave the stock an “outperform” rating in a research note on Thursday, October 30th. BMO Capital Markets restated an “outperform” rating on shares of Starbucks in a research report on Thursday, October 30th. Finally, Citigroup dropped their price target on shares of Starbucks from $84.00 to $83.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th.

View Our Latest Analysis on Starbucks

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

Insider Activity

In related news, Director Jorgen Vig Knudstorp bought 11,700 shares of Starbucks stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $85.00 per share, with a total value of $994,500.00. Following the acquisition, the director owned 53,096 shares in the company, valued at $4,513,160. This trade represents a 28.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Starbucks

Several institutional investors and hedge funds have recently bought and sold shares of the company. Game Plan Financial Advisors LLC bought a new stake in shares of Starbucks during the 2nd quarter worth approximately $25,000. Transce3nd LLC raised its position in Starbucks by 270.3% during the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Collier Financial bought a new stake in Starbucks during the third quarter worth $25,000. Chelsea Counsel Co. acquired a new stake in shares of Starbucks in the 2nd quarter valued at $26,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Starbucks in the 3rd quarter valued at $26,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 0.7%

Shares of NASDAQ:SBUX opened at $90.56 on Friday. Starbucks has a 12-month low of $75.50 and a 12-month high of $117.46. The stock has a market cap of $102.98 billion, a PE ratio of 55.22, a P/E/G ratio of 1.89 and a beta of 0.97. The business has a 50 day moving average of $85.53 and a 200-day moving average of $87.05.

Starbucks (NASDAQ:SBUXGet Free Report) last announced its earnings results on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $9.57 billion for the quarter, compared to the consensus estimate of $9.41 billion. Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.Starbucks’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. Equities research analysts expect that Starbucks will post 2.99 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.48 annualized dividend and a yield of 2.7%. Starbucks’s payout ratio is currently 151.22%.

Starbucks Company Profile

(Get Free Report)

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.

Further Reading

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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