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:SBUX – Get 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
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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