Piper Jaffray Companies cut shares of Starbucks (NASDAQ:SBUX) from an overweight rating to a neutral rating in a research report report published on Tuesday morning, Marketbeat Ratings reports. Piper Jaffray Companies currently has $72.00 target price on the coffee company’s stock. Piper Jaffray Companies also issued estimates for Starbucks’ Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.40 EPS, Q1 2019 earnings at $0.66 EPS, Q2 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.69 EPS, FY2019 earnings at $2.60 EPS, FY2020 earnings at $2.95 EPS and FY2021 earnings at $3.40 EPS.

A number of other equities analysts have also commented on SBUX. Wedbush restated a hold rating and issued a $58.00 price objective on shares of Starbucks in a research report on Friday, April 27th. Oppenheimer restated an outperform rating on shares of Starbucks in a research report on Friday, April 27th. ValuEngine lowered shares of Starbucks from a hold rating to a sell rating in a research report on Thursday, May 3rd. BidaskClub lowered shares of Starbucks from a buy rating to a hold rating in a research report on Saturday, May 5th. Finally, UBS Group set a $66.00 price objective on shares of Starbucks and gave the company a buy rating in a research report on Monday, May 21st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the stock. Starbucks currently has a consensus rating of Hold and a consensus target price of $60.21.

SBUX stock opened at $52.75 on Tuesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.01 and a quick ratio of 0.76. Starbucks has a 12 month low of $47.37 and a 12 month high of $61.94. The company has a market capitalization of $72.85 billion, a PE ratio of 25.61, a PEG ratio of 1.60 and a beta of 0.63.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, July 26th. The coffee company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a net margin of 18.87% and a return on equity of 67.11%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same period last year, the business earned $0.55 earnings per share. Starbucks’s revenue was up 11.5% compared to the same quarter last year. equities research analysts predict that Starbucks will post 2.41 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Thursday, August 9th were paid a $0.36 dividend. This is an increase from Starbucks’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Wednesday, August 8th. Starbucks’s dividend payout ratio (DPR) is currently 69.90%.

In related news, insider Rosalind G. Brewer bought 5,000 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were acquired at an average cost of $54.04 per share, with a total value of $270,200.00. Following the completion of the purchase, the insider now directly owns 7,302 shares of the company’s stock, valued at approximately $394,600.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Myron E. Ullman III sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $52.13, for a total transaction of $781,950.00. Following the completion of the sale, the director now directly owns 29,000 shares in the company, valued at $1,511,770. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. RB Capital Management LLC raised its stake in shares of Starbucks by 5.1% during the second quarter. RB Capital Management LLC now owns 56,708 shares of the coffee company’s stock worth $2,770,000 after acquiring an additional 2,775 shares in the last quarter. First Financial Bank Trust Division raised its stake in shares of Starbucks by 9.9% during the second quarter. First Financial Bank Trust Division now owns 87,866 shares of the coffee company’s stock worth $4,292,000 after acquiring an additional 7,949 shares in the last quarter. Atria Investments LLC raised its stake in shares of Starbucks by 63.8% during the first quarter. Atria Investments LLC now owns 56,251 shares of the coffee company’s stock worth $3,256,000 after acquiring an additional 21,920 shares in the last quarter. Nicola Wealth Management LTD. purchased a new position in shares of Starbucks during the first quarter worth approximately $3,473,000. Finally, Kaizen Advisory LLC raised its stake in shares of Starbucks by 164.0% during the second quarter. Kaizen Advisory LLC now owns 3,670 shares of the coffee company’s stock worth $179,000 after acquiring an additional 2,280 shares in the last quarter. 72.90% of the stock is currently owned by institutional investors and hedge funds.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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