Several brokerages have updated their recommendations and price targets on shares of Starbucks Corporation (NASDAQ: SBUX) in the last few weeks:

  • 10/18/2017 – Starbucks Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Starbucks’ shares have underperformed the industry year-to-date. The company has been experiencing tepid comps growth in the United States for quite a while now amid persistent decline in the country’s restaurant sales. Starbucks reported tepid 3% comps growth in the first nine months of fiscal 2017 against 6% in the year-ago period. The U.S. restaurant space has not been too enticing for investors for the last few quarters. Despite economic growth, consumers increased their spending only modestly on dining out, which resulted in low consumption over the last few quarters. That said, Starbucks is strengthening its portfolio with major innovations, best-in-class loyalty program and digital offerings to counter tepid sales growth. Although these initiatives might benefit it in the long run, the consequential increment in spending is likely to create pressure on its earnings in the near term.”
  • 10/11/2017 – Starbucks Corporation was given a new $70.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/10/2017 – Starbucks Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $62.00 price target on the stock, down previously from $63.00.
  • 10/9/2017 – Starbucks Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $67.00 price target on the stock.
  • 10/5/2017 – Starbucks Corporation had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They wrote, “We are lowering our rating on CarMax to Perform from Outperform. For some time, we have highlighted KMX as one of the most innovative omni-channel business models in the Hardlines sector. Our upbeat, longer term outlook for KMX is unchanged. That said, in the near term, shares of KMX have tended to swoon on even modest changes in underlying fundamentals. As we study carefully the back half of FY17 (Feb. 2018), we are increasingly concerned that despite significant internal and external tailwinds, more challenged used car unit comp comparisons could disrupt recent top- line momentum at KMX and spur a re-setting lower of current Street forecasts.””
  • 10/5/2017 – Starbucks Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Starbucks’s operating fundamentals such as solid global retail footprint, successful innovations, best-in-class loyalty program and digital offerings remain strong. Again, digital initiatives like mobile order/pay, delivery services and third-party loyalty partnerships can stimulate stronger sales trends in the Americas. CPG growth across the world as well as China/Asia expansion will also lead to value creation. These initiatives might benefit the company in the long run. However, the consequential increment in spending is likely to create pressure on its bottom line in the near term. Also, economic, geopolitical and consumer headwinds continue to impact Starbucks' results. Meanwhile, the company’s shares have underperformed the industry so far this year.”
  • 10/4/2017 – Starbucks Corporation had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $62.00 price target on the stock.
  • 10/3/2017 – Starbucks Corporation is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $58.00 price target on the stock.
  • 9/29/2017 – Starbucks Corporation had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $52.00 price target on the stock, down previously from $58.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/29/2017 – Starbucks Corporation had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $75.00 price target on the stock.
  • 9/14/2017 – Starbucks Corporation had its “neutral” rating reaffirmed by analysts at Bank of America Corporation. They now have a $65.00 price target on the stock.
  • 9/6/2017 – Starbucks Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Starbucks’s operating fundamentals such as solid global retail footprint, successful innovations, best-in-class loyalty program and digital offerings remain strong. Again, digital initiatives like mobile order/pay, delivery services and third-party loyalty partnerships can stimulate stronger sales trends in the Americas. CPG growth across the world as well as China/Asia expansion will also lead to value creation. These initiatives might benefit the company in the long run. However, the consequential increment in spending is likely to create pressure on its bottom line in the near term. Also, economic, geopolitical and consumer headwinds continue to impact Starbucks' results. Meanwhile, the company’s shares have underperformed the industry so far this year.”
  • 9/1/2017 – Starbucks Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $63.00 price target on the stock.
  • 8/25/2017 – Starbucks Corporation was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $60.00 price target on the stock, up previously from $57.00.
  • 8/24/2017 – Starbucks Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $63.00 price target on the stock.

Shares of Starbucks Corporation (SBUX) opened at 54.57 on Monday. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87. The firm’s 50-day moving average price is $54.69 and its 200 day moving average price is $57.61. The company has a market cap of $78.79 billion, a price-to-earnings ratio of 27.55 and a beta of 0.78.

Starbucks Corporation (NASDAQ:SBUX) last issued its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.76 billion. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. On average, analysts predict that Starbucks Corporation will post $2.06 earnings per share for the current year.

In other Starbucks Corporation news, insider John Culver sold 64,776 shares of Starbucks Corporation stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the completion of the transaction, the insider now owns 390,341 shares in the company, valued at approximately $20,898,857.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Myron E. Ullman III sold 22,966 shares of Starbucks Corporation stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the transaction, the director now owns 36,966 shares of the company’s stock, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

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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