Starbucks (NASDAQ:SBUX) Price Target Raised to $107.00

Starbucks (NASDAQ:SBUX) had its price target hoisted by Citigroup from $104.00 to $107.00 in a report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the coffee company’s stock.

A number of other analysts have also recently commented on the stock. Argus boosted their target price on shares of Starbucks from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. KeyCorp reaffirmed a “sector weight” rating on shares of Starbucks in a research note on Friday, October 30th. Jefferies Financial Group lifted their price objective on Starbucks from $95.00 to $101.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. TD Cowen reiterated a “buy” rating and issued a $120.00 price objective on shares of Starbucks in a report on Friday, October 30th. Finally, Compass Point initiated coverage on Starbucks in a research note on Monday, August 3rd. They set a “buy” rating for the company. Twenty-one equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Starbucks currently has a consensus rating of “Hold” and an average price target of $108.74.

Starbucks Trading Up 4.7%

Shares of SBUX opened at $109.70 on Monday. The firm has a market cap of $125.06 billion, a P/E ratio of 38.66, a PEG ratio of 1.73 and a beta of 1.01. Starbucks has a 12 month low of $79.04 and a 12 month high of $110.51. The stock’s 50 day moving average is $99.23 and its two-hundred day moving average is $99.92.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the prior year, the company posted $0.52 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts forecast that Starbucks will post 3.22 EPS for the current year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. Starbucks’s dividend payout ratio (DPR) is currently 112.22%.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $105.60, for a total value of $235,382.40. Following the transaction, the chief executive officer owned 73,149 shares of the company’s stock, valued at $7,724,534.40. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 4,458 shares of company stock worth $449,684. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Starbucks

A number of institutional investors have recently made changes to their positions in SBUX. Robinhood Asset Management LLC acquired a new stake in Starbucks during the second quarter worth approximately $10,187,000. Nykredit A S bought a new stake in shares of Starbucks during the second quarter worth approximately $29,524,000. The Manufacturers Life Insurance Company bought a new stake in shares of Starbucks during the second quarter worth approximately $61,404,000. Bank of America Corp DE acquired a new position in shares of Starbucks in the second quarter valued at approximately $1,581,287,000. Finally, Saudi Central Bank grew its position in shares of Starbucks by 90.0% in the second quarter. Saudi Central Bank now owns 79,751 shares of the coffee company’s stock valued at $8,150,000 after purchasing an additional 37,779 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reached a fresh 52-week high, reflecting strong investor demand. Restaurant stocks broadly advanced as well, providing a sector tailwind. Starbucks Reaches a Fresh 52-Week High at $109.70
• Positive Sentiment: Quarterly EPS rose 54% year over year to $0.80, beating the $0.72 consensus. Commentary highlighted improving coffeehouse sales, higher U.S. customer spending per visit, digital initiatives and cost savings as drivers of a potential recovery. Starbucks Served Up a 54% Earnings Jump Why Morgan Stanley sees customers spending more at Starbucks
• Neutral Sentiment: The China business is shifting to a licensed joint-venture model, changing how revenue is recorded. Starbucks says it is pursuing cost savings and margin improvement, but the transition complicates comparisons. Is China Licensing Shift Altering The Investment Case For Starbucks?
• Negative Sentiment: Revenue fell 4.5% year over year to $9.14 billion and missed analyst estimates. Management expects consolidated revenue to decline about 1% in fiscal 2027, partly because of the China licensing change and the calendar effect of a 53rd week. SBUX Q3 (fiscal Q4 2026) deep dive

About Starbucks

Starbucks Corporation is a global specialty coffee company headquartered in Seattle, Washington. Founded in 1971, the company operates and licenses coffeehouses under the Starbucks brand, serving brewed coffee, espresso beverages, teas, cold drinks, food, and other ready-to-consume products.

In addition to its company-operated and licensed stores, Starbucks sells packaged coffee, tea, and single-serve products through grocery retailers, convenience stores, and other distribution channels.