Starbucks (NASDAQ:SBUX) Receives Buy Rating from BTIG Research

Starbucks (NASDAQ:SBUXGet Free Report)‘s stock had its “buy” rating restated by stock analysts at BTIG Research in a research note issued to investors on Thursday,Benzinga reports. They currently have a $105.00 price target on the coffee company’s stock. BTIG Research’s price objective would suggest a potential upside of 10.34% from the company’s previous close.

Several other brokerages have also recently commented on SBUX. Royal Bank Of Canada set a $100.00 price target on shares of Starbucks and gave the stock an “outperform” rating in a research report on Thursday, October 30th. William Blair raised Starbucks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 22nd. Wells Fargo & Company set a $110.00 target price on Starbucks in a research report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating on shares of Starbucks in a research report on Monday. Finally, Piper Sandler decreased their price objective on shares of Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and an average price target of $103.50.

Read Our Latest Stock Analysis on SBUX

Starbucks Trading Down 0.6%

Starbucks stock opened at $95.16 on Thursday. Starbucks has a 52 week low of $75.50 and a 52 week high of $117.46. The stock has a market cap of $108.21 billion, a P/E ratio of 58.02, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The stock has a 50 day moving average of $87.73 and a 200-day moving average of $87.12.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a net margin of 4.99% and a negative return on equity of 31.32%. The company had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The company’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. As a group, equities analysts predict that Starbucks will post 2.99 earnings per share for the current fiscal year.

Insider Transactions at Starbucks

In other news, Director Jorgen Vig Knudstorp purchased 11,700 shares of Starbucks stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $85.00 per share, with a total value of $994,500.00. Following the completion of the acquisition, the director owned 53,096 shares in the company, valued at $4,513,160. The trade was a 28.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Trading of Starbucks

Hedge funds have recently bought and sold shares of the company. Game Plan Financial Advisors LLC bought a new position in Starbucks in the 2nd quarter worth about $25,000. Transce3nd LLC boosted its position in shares of Starbucks by 270.3% during the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock worth $25,000 after buying an additional 200 shares during the period. Collier Financial acquired a new position in shares of Starbucks during the third quarter worth approximately $25,000. Y.D. More Investments Ltd bought a new position in Starbucks in the 3rd quarter worth approximately $26,000. Finally, JPL Wealth Management LLC bought a new stake in Starbucks during the 3rd quarter valued at $27,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

Starbucks Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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