Starbucks Co. (NASDAQ:SBUX) – Research analysts at William Blair decreased their FY2018 EPS estimates for shares of Starbucks in a research note issued on Tuesday, August 28th. William Blair analyst S. Zackfia now anticipates that the coffee company will post earnings per share of $2.39 for the year, down from their prior estimate of $2.41.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, July 26th. The coffee company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.25 billion. Starbucks had a net margin of 18.87% and a return on equity of 67.11%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share.

Several other equities analysts have also commented on the stock. DZ Bank raised shares of Starbucks from a “sell” rating to a “hold” rating and dropped their price target for the stock from $52.00 to $48.00 in a research report on Friday, July 6th. Oppenheimer dropped their price target on shares of Starbucks from $66.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, July 27th. JPMorgan Chase & Co. dropped their price target on shares of Starbucks from $64.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, June 21st. BidaskClub lowered shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Saturday, May 5th. Finally, Robert W. Baird dropped their price target on shares of Starbucks from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, June 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Starbucks currently has a consensus rating of “Hold” and a consensus price target of $60.21.

Shares of SBUX opened at $53.10 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 1.54. The company has a market cap of $71.57 billion, a P/E ratio of 22.57, a PEG ratio of 1.57 and a beta of 0.63. Starbucks has a 1 year low of $47.37 and a 1 year high of $61.94.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SBUX. Dorsey & Whitney Trust CO LLC boosted its stake in Starbucks by 8.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 10,863 shares of the coffee company’s stock valued at $629,000 after acquiring an additional 884 shares during the last quarter. Scholtz & Company LLC boosted its stake in Starbucks by 3.7% during the 1st quarter. Scholtz & Company LLC now owns 25,750 shares of the coffee company’s stock valued at $1,491,000 after acquiring an additional 925 shares during the last quarter. Mutual Advisors LLC boosted its stake in Starbucks by 5.5% during the 1st quarter. Mutual Advisors LLC now owns 18,464 shares of the coffee company’s stock valued at $1,069,000 after acquiring an additional 959 shares during the last quarter. DDD Partners LLC boosted its stake in Starbucks by 13.3% during the 2nd quarter. DDD Partners LLC now owns 8,317 shares of the coffee company’s stock valued at $406,000 after acquiring an additional 975 shares during the last quarter. Finally, Vontobel Swiss Wealth Advisors AG boosted its stake in Starbucks by 2.7% during the 1st quarter. Vontobel Swiss Wealth Advisors AG now owns 36,693 shares of the coffee company’s stock valued at $2,124,000 after acquiring an additional 982 shares during the last quarter. 72.16% of the stock is owned by institutional investors and hedge funds.

In other news, Director Javier G. Teruel sold 166,666 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $52.70, for a total value of $8,783,298.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Myron E. Ullman III sold 15,000 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $52.13, for a total transaction of $781,950.00. Following the completion of the sale, the director now directly owns 29,000 shares of the company’s stock, valued at approximately $1,511,770. The disclosure for this sale can be found here. Insiders sold 196,666 shares of company stock valued at $10,374,948 in the last three months. Company insiders own 3.40% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Thursday, August 9th were given a $0.36 dividend. The ex-dividend date was Wednesday, August 8th. This represents a $1.44 annualized dividend and a dividend yield of 2.71%. This is a positive change from Starbucks’s previous quarterly dividend of $0.30. Starbucks’s dividend payout ratio is presently 69.90%.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Earnings History and Estimates for Starbucks (NASDAQ:SBUX)

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