Several analysts have recently updated their ratings and price targets for Starbucks (NASDAQ: SBUX):

  • 12/1/2017 – Starbucks 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. Earnings estimates have also moved down for fiscal 2018 in the last 30 days, showing analysts’ concern for the stock’s prospects. 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 fiscal 2017 against 6% in the year-ago period in the Americas segment. 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.”
  • 11/27/2017 – Starbucks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $62.86 price target on the stock.
  • 11/21/2017 – Starbucks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $64.05 price target on the stock.
  • 11/20/2017 – Starbucks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $63.14 price target on the stock.
  • 11/15/2017 – Starbucks was given a new $64.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.
  • 11/14/2017 – Starbucks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $64.12 price target on the stock.
  • 11/13/2017 – Starbucks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $64.32 price target on the stock.
  • 11/10/2017 – Starbucks had its price target raised by analysts at Morgan Stanley from $62.00 to $67.00. They now have an “overweight” rating on the stock.
  • 11/6/2017 – Starbucks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $64.32 price target on the stock.
  • 11/6/2017 – Starbucks had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 11/3/2017 – Starbucks had its price target lowered by analysts at Deutsche Bank AG to $62.00. They now have a “buy” rating on the stock.
  • 11/3/2017 – Starbucks had its price target lowered by analysts at UBS AG from $67.00 to $64.00. They now have a “buy” rating on the stock.
  • 11/3/2017 – Starbucks had its price target lowered by analysts at BMO Capital Markets from $56.00 to $52.00. They now have a “market perform” rating on the stock.
  • 11/3/2017 – Starbucks had its price target lowered by analysts at Robert W. Baird from $70.00 to $66.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Starbucks had its price target lowered by analysts at Nomura from $67.00 to $63.00. They now have a “buy” rating on the stock.
  • 11/3/2017 – Starbucks had its price target lowered by analysts at Credit Suisse Group AG from $56.00 to $54.00. They now have a “neutral” rating on the stock.
  • 11/2/2017 – Starbucks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $60.91 price target on the stock.
  • 11/1/2017 – Starbucks was given a new $75.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 10/26/2017 – Starbucks was upgraded by analysts at OTR Global to a “positive” rating.
  • 10/24/2017 – Starbucks 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.”
  • 10/18/2017 – Starbucks 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 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 had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $62.00 price target on the stock, down previously from $63.00.
  • 10/9/2017 – Starbucks had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $67.00 price target on the stock.

Starbucks Corporation (NASDAQ SBUX) traded up $0.58 during mid-day trading on Tuesday, reaching $59.34. The company had a trading volume of 11,286,833 shares, compared to its average volume of 9,382,461. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Starbucks Corporation has a 12 month low of $52.58 and a 12 month high of $64.87. The firm has a market cap of $81,554.90, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.57 and a beta of 0.75.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the previous year, the firm posted $0.56 EPS. Starbucks’s revenue was down .2% compared to the same quarter last year. equities research analysts anticipate that Starbucks Corporation will post 2.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were issued a dividend of $0.30 per share. This is a boost from Starbucks’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Wednesday, November 15th. Starbucks’s payout ratio is currently 60.91%.

In other news, Director Myron E. Ullman III sold 22,966 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the transaction, the director now directly owns 36,966 shares in the company, valued at approximately $1,974,354.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Paul Mutty sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the transaction, the senior vice president now owns 10,438 shares in the company, valued at $594,444.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 525,550 shares of company stock worth $29,688,442. 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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