Shares of Starbucks Co. (NASDAQ:SBUX) have received a consensus rating of “Buy” from the twenty-eight research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $74.92.
Several equities research analysts have weighed in on SBUX shares. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price target (up from $70.00) on shares of Starbucks in a research note on Friday, January 25th. CIBC lifted their price target on shares of Starbucks from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, January 25th. Bank of America set a $75.00 price target on shares of Starbucks and gave the company a “buy” rating in a research note on Friday, January 25th. Zacks Investment Research raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Monday, January 28th. Finally, BidaskClub downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th.
In other news, insider John Culver sold 63,937 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $78.04, for a total transaction of $4,989,643.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.98% of the company’s stock.
Several large investors have recently bought and sold shares of the company. HC Financial Advisors Inc. grew its position in Starbucks by 233.5% in the 3rd quarter. HC Financial Advisors Inc. now owns 27,445 shares of the coffee company’s stock worth $1,560,000 after purchasing an additional 19,215 shares in the last quarter. BKD Wealth Advisors LLC grew its position in Starbucks by 21.0% in the 4th quarter. BKD Wealth Advisors LLC now owns 5,586 shares of the coffee company’s stock worth $360,000 after purchasing an additional 971 shares in the last quarter. Quadrant Capital Group LLC grew its position in Starbucks by 25.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,232 shares of the coffee company’s stock worth $259,000 after purchasing an additional 858 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Starbucks by 0.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 464,944 shares of the coffee company’s stock worth $29,942,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Advisors Capital Management LLC bought a new stake in Starbucks in the 4th quarter worth about $755,000. 75.37% of the stock is owned by institutional investors.
SBUX stock traded down $1.05 during midday trading on Thursday, hitting $76.20. The stock had a trading volume of 568,304 shares, compared to its average volume of 7,632,846. The firm has a market cap of $93.90 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.17 and a beta of 0.51. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 7.73. Starbucks has a 1-year low of $47.37 and a 1-year high of $79.65.
Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, April 25th. The coffee company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. Starbucks had a net margin of 11.87% and a negative return on equity of 494.61%. Starbucks’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Research analysts expect that Starbucks will post 2.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, May 8th. Starbucks’s payout ratio is presently 59.50%.
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.
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