Starbucks Co. (NASDAQ:SBUX) Receives Average Rating of “Hold” from Analysts

Starbucks Co. (NASDAQ:SBUX) has earned a consensus recommendation of “Hold” from the twenty-five ratings firms that are covering the stock, MarketBeat Ratings reports. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $96.43.

SBUX has been the topic of several recent research reports. Barclays cut their price objective on Starbucks from $116.00 to $112.00 and set an “overweight” rating on the stock in a report on Wednesday, January 31st. BMO Capital Markets cut their price objective on Starbucks from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, January 31st. Robert W. Baird cut their price objective on Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. TD Cowen cut their price objective on Starbucks from $100.00 to $85.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Finally, UBS Group cut their price objective on Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st.

Insider Activity at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at approximately $6,933,582.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at approximately $5,234,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the sale, the chief executive officer now directly owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The disclosure for this sale can be found here. Insiders sold 7,750 shares of company stock valued at $642,050 in the last three months. Corporate insiders own 1.98% of the company’s stock.

Institutional Trading of Starbucks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vima LLC purchased a new position in shares of Starbucks in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new position in shares of Starbucks in the 4th quarter worth approximately $26,000. DSM Capital Partners LLC purchased a new position in shares of Starbucks in the 4th quarter worth approximately $27,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Starbucks by 1,578.9% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. Finally, Fairman Group LLC purchased a new position in shares of Starbucks in the 4th quarter worth approximately $30,000. 72.29% of the stock is owned by institutional investors.

Starbucks Stock Performance

Shares of SBUX stock opened at $78.87 on Tuesday. The stock’s fifty day moving average price is $84.08 and its two-hundred day moving average price is $91.79. The company has a market cap of $89.34 billion, a PE ratio of 21.73, a P/E/G ratio of 1.71 and a beta of 0.97. Starbucks has a fifty-two week low of $71.80 and a fifty-two week high of $107.66.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. On average, equities analysts predict that Starbucks will post 3.59 EPS for the current fiscal year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, May 16th. Starbucks’s payout ratio is 62.81%.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.