Starbucks Co. (NASDAQ:SBUX) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday. They currently have a $62.81 price objective on the coffee company’s stock. Vetr‘s price target suggests a potential upside of 9.06% from the stock’s current price.

Other analysts have also issued research reports about the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $68.00 price target on shares of Starbucks in a research note on Monday, July 25th. decreased their price target on Starbucks from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, September 28th. Macquarie raised Starbucks from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 14th. Deutsche Bank AG decreased their price target on Starbucks from $67.00 to $59.00 and set a “hold” rating on the stock in a research note on Tuesday, November 1st. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of Starbucks in a research note on Thursday, September 8th. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.72.

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

Starbucks (NASDAQ:SBUX) opened at 57.59 on Tuesday. Starbucks has a 12-month low of $50.84 and a 12-month high of $62.54. The company’s 50-day moving average price is $53.91 and its 200-day moving average price is $55.23. The firm has a market capitalization of $83.82 billion, a price-to-earnings ratio of 30.31 and a beta of 0.77.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 3rd. The coffee company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.68 billion. Starbucks had a return on equity of 49.88% and a net margin of 13.22%. Starbucks’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Equities analysts expect that Starbucks will post $2.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 17th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 15th. This is a boost from Starbucks’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.74%. Starbucks’s dividend payout ratio is 52.63%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Seven Eight Capital LLC boosted its position in shares of Starbucks by 817.7% in the first quarter. Seven Eight Capital LLC now owns 23,456 shares of the coffee company’s stock valued at $1,400,000 after buying an additional 20,900 shares during the period. Squarepoint Ops LLC boosted its position in shares of Starbucks by 6.1% in the first quarter. Squarepoint Ops LLC now owns 43,420 shares of the coffee company’s stock valued at $2,592,000 after buying an additional 2,486 shares during the period. AIMZ Investment Advisors LLC boosted its position in shares of Starbucks by 4.3% in the first quarter. AIMZ Investment Advisors LLC now owns 6,185 shares of the coffee company’s stock valued at $369,000 after buying an additional 257 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Starbucks by 4.9% in the first quarter. First Republic Investment Management Inc. now owns 1,438,991 shares of the coffee company’s stock valued at $85,907,000 after buying an additional 66,883 shares during the period. Finally, Cullinan Associates Inc. boosted its position in shares of Starbucks by 0.9% in the first quarter. Cullinan Associates Inc. now owns 189,595 shares of the coffee company’s stock valued at $11,319,000 after buying an additional 1,710 shares during the period. 69.08% of the stock is owned by hedge funds and other institutional investors.

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About Starbucks

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

5 Day Chart for NASDAQ:SBUX

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