Starbucks Co. (SBUX) Given Consensus Recommendation of “Buy” by Analysts
Shares of Starbucks Co. (NASDAQ:SBUX) have been assigned an average rating of “Buy” from the thirty-two analysts that are presently covering the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $64.68.
Several research firms have recently commented on SBUX. Vetr downgraded Starbucks from a “buy” rating to a “hold” rating and set a $65.15 price objective on the stock. in a report on Thursday. OTR Global downgraded Starbucks to a “positive” rating in a report on Tuesday, April 25th. Zacks Investment Research downgraded Starbucks from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Stifel Nicolaus set a $66.00 price objective on Starbucks and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Stephens reiterated an “equal weight” rating and issued a $58.00 price objective on shares of Starbucks in a report on Friday, April 28th.
In other Starbucks news, insider Clifford Burrows sold 114,826 shares of Starbucks stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the sale, the insider now directly owns 363,343 shares of the company’s stock, valued at approximately $21,604,374.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Myron E. Ullman III sold 20,000 shares of Starbucks stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total value of $1,208,600.00. Following the sale, the director now directly owns 34,000 shares in the company, valued at $2,054,620. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of SBUX. Fort Point Capital Partners LLC boosted its stake in Starbucks by 33.1% in the third quarter. Fort Point Capital Partners LLC now owns 13,825 shares of the coffee company’s stock valued at $748,000 after buying an additional 3,441 shares during the last quarter. Empirical Financial Services LLC boosted its stake in Starbucks by 5.7% in the third quarter. Empirical Financial Services LLC now owns 22,688 shares of the coffee company’s stock valued at $1,228,000 after buying an additional 1,216 shares during the last quarter. Intrust Bank NA boosted its stake in Starbucks by 3.3% in the third quarter. Intrust Bank NA now owns 25,837 shares of the coffee company’s stock valued at $1,398,000 after buying an additional 816 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Starbucks during the fourth quarter valued at $172,717,000. Finally, Israel Discount Bank of New York GFN purchased a new stake in Starbucks during the fourth quarter valued at $694,000. 68.49% of the stock is currently owned by institutional investors and hedge funds.
Starbucks (NASDAQ:SBUX) traded up 0.64% during midday trading on Friday, hitting $63.30. The company’s stock had a trading volume of 6,097,589 shares. The company has a market cap of $91.66 billion, a PE ratio of 31.31 and a beta of 0.79. The stock has a 50 day moving average of $60.07 and a 200 day moving average of $57.58. Starbucks has a 52-week low of $50.84 and a 52-week high of $63.42.
Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, April 27th. The coffee company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.42 billion. Starbucks had a return on equity of 51.45% and a net margin of 13.30%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, equities analysts expect that Starbucks will post $2.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, May 11th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. Starbucks’s payout ratio is presently 51.28%.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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