Research Analysts’ Recent Ratings Updates for Starbucks (SBUX)

Starbucks (NASDAQ: SBUX) recently received a number of ratings updates from brokerages and research firms:

  • 2/14/2018 – Starbucks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $62.03 price target on the stock.
  • 2/5/2018 – Starbucks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $62.03 price target on the stock.
  • 2/1/2018 – Starbucks was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $75.00 price target on the stock, up previously from $68.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/30/2018 – Starbucks was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/30/2018 – Starbucks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Starbucks posted better-than-expected earnings but failed to meet the consensus mark for revenues in the first quarter of fiscal 2018. The company also lifted its full-year profit view considering the new U.S. corporate tax cut. Earnings and sales grew 25% and 6%, respectively, in the quarter. Its global comps growth was disappointing at 2%. The U.S. comps growth was 2% as holiday promotions and merchandise did not perform well. Given the muted start to the year, full-year comps are now expected at the low end of 3-5%, with improvement expected in the second half banking on operational and sales-driving efforts, innovation around cold beverages, tea, and plant-based milks. Meanwhile, China remained the fastest growth market, with comps growth of 6%. Overall, we are encouraged by its best-in-class loyalty program, digital offerings and higher strategic investments in China, while trimming down non-performing U.S. units.”
  • 1/29/2018 – Starbucks was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating.
  • 1/29/2018 – Starbucks was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $62.03 price target on the stock.
  • 1/26/2018 – Starbucks had its “outperform” rating reaffirmed by analysts at William Blair.
  • 1/26/2018 – Starbucks had its price target raised by analysts at BMO Capital Markets to $58.00. They now have a “market perform” rating on the stock.
  • 1/26/2018 – Starbucks had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $66.00 price target on the stock.
  • 1/26/2018 – Starbucks had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $70.00 price target on the stock.
  • 1/26/2018 – Starbucks had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $63.00 price target on the stock.
  • 1/26/2018 – Starbucks had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $64.00 price target on the stock.
  • 1/26/2018 – Starbucks was downgraded by analysts at Goldman Sachs Group Inc from a “conviction-buy” rating to a “buy” rating. They now have a $68.00 price target on the stock, down previously from $73.00.
  • 1/22/2018 – Starbucks had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $70.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 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.
  • 1/19/2018 – Starbucks had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $66.00 price target on the stock.
  • 1/16/2018 – 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.

Starbucks Co. (SBUX) opened at $55.99 on Thursday. Starbucks Co. has a 52-week low of $52.58 and a 52-week high of $64.87. The firm has a market capitalization of $78,700.00, a price-to-earnings ratio of 18.79, a PEG ratio of 1.53 and a beta of 0.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. sell-side analysts forecast that Starbucks Co. will post 2.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, February 7th. Starbucks’s dividend payout ratio is currently 40.27%.

In other news, insider Clifford Burrows sold 162,826 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the completion of the transaction, the insider now owns 331,829 shares in the company, valued at $18,920,889.58. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Craig Weatherup sold 56,666 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 56,666 shares of the company’s stock, valued at approximately $3,214,662.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 329,492 shares of company stock valued at $18,859,801. Company insiders own 3.48% 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