Analysts’ Recent Ratings Changes for Starbucks (SBUX)

Starbucks (NASDAQ: SBUX) has recently received a number of price target changes and ratings updates:

  • 3/19/2024 – Starbucks had its price target lowered by analysts at JPMorgan Chase & Co. from $107.00 to $100.00. They now have an “overweight” rating on the stock.
  • 3/19/2024 – Starbucks had its “market perform” rating reaffirmed by analysts at TD Cowen. They now have a $102.00 price target on the stock.
  • 3/18/2024 – Starbucks had its price target lowered by analysts at Robert W. Baird from $106.00 to $100.00. They now have a “neutral” rating on the stock.
  • 3/13/2024 – Starbucks had its price target lowered by analysts at Citigroup Inc. from $103.00 to $102.00. They now have a “neutral” rating on the stock.
  • 1/31/2024 – Starbucks had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $102.00 price target on the stock.
  • 1/31/2024 – Starbucks had its price target lowered by analysts at Barclays PLC from $116.00 to $112.00. They now have an “overweight” rating on the stock.
  • 1/31/2024 – Starbucks had its price target lowered by analysts at BMO Capital Markets from $125.00 to $120.00. They now have an “outperform” rating on the stock.
  • 1/31/2024 – Starbucks had its price target raised by analysts at Citigroup Inc. from $102.00 to $103.00. They now have a “neutral” rating on the stock.
  • 1/31/2024 – Starbucks had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $95.00 price target on the stock.
  • 1/31/2024 – Starbucks had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $110.00 price target on the stock.
  • 1/31/2024 – Starbucks had its price target lowered by analysts at BTIG Research from $125.00 to $115.00. They now have a “buy” rating on the stock.

Starbucks Stock Down 0.0 %

Shares of Starbucks stock opened at $90.67 on Tuesday. Starbucks Co. has a twelve month low of $89.21 and a twelve month high of $115.48. The business has a 50-day moving average price of $93.12 and a 200 day moving average price of $95.26. The firm has a market cap of $102.66 billion, a PE ratio of 24.24, a P/E/G ratio of 1.44 and a beta of 0.98.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. Starbucks’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. On average, sell-side analysts expect that Starbucks Co. will post 4.06 EPS for the current year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 60.96%.

Insider Activity at Starbucks

In related news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now directly owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 4,000 shares of company stock worth $375,665. Insiders own 1.98% of the company’s stock.

Institutional Trading of Starbucks

Large investors have recently modified their holdings of the stock. Freedom Wealth Alliance LLC acquired a new stake in Starbucks in the fourth quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in Starbucks in the fourth quarter valued at $26,000. Vima LLC acquired a new stake in Starbucks in the fourth quarter valued at $26,000. DSM Capital Partners LLC acquired a new stake in Starbucks in the fourth quarter valued at $27,000. Finally, Riggs Asset Managment Co. Inc. raised its stake in Starbucks by 1,578.9% in the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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