Shares of Starbucks Co. (NASDAQ:SBUX) have received an average recommendation of “Buy” from the twenty-eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $79.36.
A number of research firms have recently weighed in on SBUX. Mizuho set a $75.00 price target on Starbucks and gave the company a “buy” rating in a report on Thursday, April 11th. Stephens set a $100.00 price target on Cullen/Frost Bankers and gave the company a “hold” rating in a report on Friday, April 26th. UBS Group set a $74.00 price target on Bayerische Motoren Werke and gave the company a “hold” rating in a report on Monday, April 8th. Credit Suisse Group began coverage on Arco Platform in a report on Tuesday, June 25th. They set a “neutral” rating on the stock. Finally, Citigroup reaffirmed a “hold” rating on shares of AbbVie in a report on Wednesday, June 26th.
SBUX stock traded down $0.31 during midday trading on Friday, reaching $89.77. The company had a trading volume of 299,377 shares, compared to its average volume of 6,539,941. The stock’s 50 day moving average price is $83.68. Starbucks has a fifty-two week low of $50.21 and a fifty-two week high of $90.48. The stock has a market cap of $109.13 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 2.52 and a beta of 0.55.
Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, April 25th. The coffee company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. Starbucks had a negative return on equity of 494.61% and a net margin of 11.87%. Starbucks’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts forecast that Starbucks will post 2.78 EPS for the current fiscal year.
In related news, insider John Culver sold 63,937 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $78.04, for a total transaction of $4,989,643.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Myron E. Ullman III sold 9,973 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $76.12, for a total value of $759,144.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,883 shares of company stock worth $7,422,903. 3.98% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Paragon Capital Management LLC bought a new position in shares of Starbucks in the first quarter valued at $29,000. Lake Point Wealth Management bought a new position in shares of Starbucks in the fourth quarter valued at $25,000. C J Advisory Inc bought a new position in shares of Starbucks in the first quarter valued at $34,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Starbucks in the fourth quarter valued at $32,000. Finally, Thor Advisors LLC bought a new position in shares of Starbucks in the first quarter valued at $61,000. 71.66% of the stock is currently owned by institutional investors.
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 beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
Further Reading: What are the qualifications of a portfolio manager?
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.