Starbucks (SBUX) – Analysts’ Weekly Ratings Changes

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

  • 1/22/2018 – Starbucks had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $60.00 price target on the stock, down previously from $70.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/19/2018 – Starbucks had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $66.00 price target on the stock.
  • 1/19/2018 – Starbucks had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $70.00 price target on the stock, up previously from $66.00.
  • 1/16/2018 – Starbucks had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $65.00 price target on the stock, up previously from $58.00.
  • 1/8/2018 – Starbucks was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $61.72 price target on the stock.
  • 1/5/2018 – Starbucks had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $70.00 price target on the stock.
  • 1/2/2018 – Starbucks had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 12/27/2017 – Starbucks is now covered by analysts at Tigress Financial. They set a “buy” rating on the stock.
  • 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.

Starbucks Co. (NASDAQ SBUX) traded up $0.17 during trading on Monday, reaching $61.26. 8,361,800 shares of the company’s stock were exchanged, compared to its average volume of 7,195,800. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. The firm has a market cap of $86,890.00, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 1.66 and a beta of 0.76. Starbucks Co. has a 52-week low of $52.58 and a 52-week high of $64.87.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.55. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.81 billion. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS. research analysts anticipate that Starbucks Co. will post 2.38 earnings per share for the current year.

In related news, Director Craig Weatherup sold 56,666 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $56.73, for a total value of $3,214,662.18. Following the sale, the director now directly owns 56,666 shares in the company, valued at approximately $3,214,662.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Howard D. Schultz sold 290,176 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total transaction of $16,548,737.28. Following the completion of the sale, the insider now owns 29,872,564 shares in the company, valued at $1,703,632,324.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 497,808 shares of company stock valued at $28,559,521. 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.

Receive News & Ratings for Starbucks Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply