Citigroup Issues Pessimistic Forecast for Starbucks (NASDAQ:SBUX) Stock Price

Starbucks (NASDAQ:SBUX) had its price target reduced by equities researchers at Citigroup from $94.00 to $92.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the coffee company’s stock. Citigroup’s target price suggests a potential downside of 1.12% from the stock’s previous close.

SBUX has been the subject of a number of other reports. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. Dbs Bank cut shares of Starbucks from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Bank of America lifted their price objective on Starbucks from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Starbucks in a report on Thursday, January 29th. Finally, Mizuho boosted their target price on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $104.67.

Starbucks Trading Up 1.5%

NASDAQ SBUX opened at $93.04 on Monday. The company has a market capitalization of $106.00 billion, a price-to-earnings ratio of 76.89, a PEG ratio of 2.08 and a beta of 0.96. Starbucks has a 1-year low of $75.50 and a 1-year high of $117.46. The stock’s 50 day moving average is $88.40 and its two-hundred day moving average is $87.07.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The company had revenue of $9.92 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter last year, the company earned $0.69 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, analysts predict that Starbucks will post 2.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jorgen Vig Knudstorp acquired 11,700 shares of the stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $994,500.00. Following the transaction, the director directly owned 53,096 shares of the company’s stock, valued at approximately $4,513,160. This represents a 28.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Starbucks

Large investors have recently bought and sold shares of the company. Cooper Haims Advisors LLC grew its position in Starbucks by 3.0% during the 2nd quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company’s stock worth $344,000 after acquiring an additional 110 shares during the last quarter. River Street Advisors LLC lifted its stake in shares of Starbucks by 0.8% in the fourth quarter. River Street Advisors LLC now owns 13,516 shares of the coffee company’s stock worth $1,138,000 after acquiring an additional 113 shares during the period. Opus Capital Group LLC lifted its position in shares of Starbucks by 3.9% in the 4th quarter. Opus Capital Group LLC now owns 3,187 shares of the coffee company’s stock worth $268,000 after purchasing an additional 120 shares during the period. Silver Oak Securities Incorporated boosted its position in Starbucks by 2.4% during the third quarter. Silver Oak Securities Incorporated now owns 5,288 shares of the coffee company’s stock valued at $447,000 after acquiring an additional 122 shares during the last quarter. Finally, Wynn Capital LLC lifted its stake in shares of Starbucks by 1.0% in the 4th quarter. Wynn Capital LLC now owns 11,895 shares of the coffee company’s stock valued at $1,002,000 after purchasing an additional 122 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.