Starbucks Corporation (NASDAQ:SBUX) Receives $109.42 Average PT from Analysts

Starbucks Corporation (NASDAQ:SBUX) has been given a consensus rating of “Hold” by the thirty-four brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $111.9630.

SBUX has been the subject of a number of research reports. Scotiabank lowered Starbucks from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 14th. The Goldman Sachs Group cut Starbucks from a “neutral” rating to a “neutral” rating in a report on Thursday, May 14th. DA Davidson raised their target price on shares of Starbucks from $102.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Raymond James Financial downgraded shares of Starbucks to an “outperform” rating in a research note on Monday. Finally, Wedbush began coverage on shares of Starbucks in a report on Thursday, May 14th. They issued an “outperform” rating on the stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $106.00 on Thursday. The firm has a market cap of $120.84 billion, a price-to-earnings ratio of 60.92, a P/E/G ratio of 1.81 and a beta of 0.97. The firm has a fifty day moving average price of $102.38 and a 200 day moving average price of $99.42. Starbucks has a fifty-two week low of $77.99 and a fifty-two week high of $109.23.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts predict that Starbucks will post 2.64 earnings per share for the current year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio is presently 142.53%.

Insiders Place Their Bets

In other news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $104.00, for a total value of $231,816.00. Following the sale, the chief executive officer owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,458 shares of company stock worth $445,412 in the last quarter. Insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Sunbelt Securities Inc. grew its holdings in shares of Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after buying an additional 97 shares in the last quarter. Webster Bank N. A. lifted its stake in shares of Starbucks by 7.8% during the second quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock valued at $143,000 after buying an additional 101 shares during the period. Nilsine Partners LLC lifted its stake in shares of Starbucks by 1.0% during the second quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock valued at $1,026,000 after buying an additional 101 shares during the period. Beta Wealth Group Inc. boosted its position in Starbucks by 1.7% during the second quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock worth $635,000 after acquiring an additional 102 shares during the last quarter. Finally, Elgethun Capital Management grew its stake in Starbucks by 9.4% in the 2nd quarter. Elgethun Capital Management now owns 1,219 shares of the coffee company’s stock worth $125,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Company Profile

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.