Investment Analysts’ Recent Ratings Updates for Starbucks (SBUX)

Starbucks (NASDAQ: SBUX) has recently received a number of price target changes and ratings updates:

• 5/6/2024 – Starbucks had its price target lowered by analysts at Piper Sandler from $88.00 to $85.00. They now have a “neutral” rating on the stock.
• 5/3/2024 – Starbucks had its price target lowered by analysts at HSBC Holdings plc from $107.00 to $84.00. They now have a “hold” rating on the stock.
• 5/3/2024 – Starbucks was downgraded by analysts at DZ Bank AG from a “buy” rating to a “hold” rating. They now have a $75.00 price target on the stock.
• 5/1/2024 – Starbucks had its price target lowered by analysts at JPMorgan Chase & Co. from $100.00 to $92.00. They now have an “overweight” rating on the stock.
• 5/1/2024 – Starbucks had its price target lowered by analysts at Wells Fargo & Company from $105.00 to $90.00. They now have an “overweight” rating on the stock.
• 5/1/2024 – Starbucks had its price target lowered by analysts at Evercore ISI from $120.00 to $92.00. They now have an “outperform” rating on the stock.
• 5/1/2024 – Starbucks had its price target lowered by analysts at Citigroup Inc. from $95.00 to $85.00. They now have a “neutral” rating on the stock.
• 5/1/2024 – Starbucks had its price target lowered by analysts at UBS Group AG from $95.00 to $85.00. They now have a “neutral” rating on the stock.
• 5/1/2024 – Starbucks was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
• 5/1/2024 – Starbucks had its price target lowered by analysts at Jefferies Financial Group Inc. from $94.00 to $84.00. They now have a “hold” rating on the stock.
• 5/1/2024 – Starbucks had its price target lowered by analysts at Stifel Nicolaus from $90.00 to $80.00. They now have a “hold” rating on the stock.
• 5/1/2024 – Starbucks had its price target lowered by analysts at TD Cowen from $100.00 to $85.00. They now have a “hold” rating on the stock.
• 5/1/2024 – Starbucks was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating. They now have a $89.00 price target on the stock, down previously from $108.00.
• 5/1/2024 – Starbucks had its price target lowered by analysts at BTIG Research from $115.00 to $100.00. They now have a “buy” rating on the stock.
• 4/26/2024 – Starbucks had its price target lowered by analysts at Wedbush from $95.00 to $92.00. They now have a “neutral” rating on the stock.
• 4/19/2024 – Starbucks had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 4/19/2024 – Starbucks had its price target lowered by analysts at Guggenheim from $100.00 to $91.00. They now have a “buy” rating on the stock.
• 4/16/2024 – Starbucks had its price target lowered by analysts at Jefferies Financial Group Inc. from $100.00 to $94.00. They now have a “hold” rating on the stock.
• 4/12/2024 – Starbucks had its price target lowered by analysts at Morgan Stanley from $120.00 to $115.00. They now have an “overweight” rating on the stock.
• 4/12/2024 – Starbucks had its price target lowered by analysts at Citigroup Inc. from $102.00 to $95.00. They now have a “neutral” rating on the stock.
• 4/11/2024 – Starbucks had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $100.00 price target on the stock.
• 4/11/2024 – Starbucks had its price target lowered by analysts at Stifel Nicolaus from $102.00 to $90.00. They now have a “hold” rating on the stock.
• 4/1/2024 – Starbucks had its “overweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $105.00 price target on the stock.
• 4/1/2024 – Starbucks had its price target lowered by analysts at TD Cowen from $102.00 to $100.00. They now have a “hold” rating on the stock.
• 3/19/2024 – Starbucks had its price target lowered by analysts at JPMorgan Chase & Co. from $107.00 to $100.00. They now have an “overweight” rating on the stock.
• 3/19/2024 – Starbucks had its “market perform” rating reaffirmed by analysts at TD Cowen. They now have a $102.00 price target on the stock.
• 3/18/2024 – Starbucks had its price target lowered by analysts at Robert W. Baird from $106.00 to $100.00. They now have a “neutral” rating on the stock.
• 3/13/2024 – Starbucks had its price target lowered by analysts at Citigroup Inc. from $103.00 to $102.00. They now have a “neutral” rating on the stock.

Starbucks Stock Down 0.3 %

Shares of NASDAQ:SBUX traded down $0.21 during midday trading on Monday, reaching $72.90. The company’s stock had a trading volume of 18,601,605 shares, compared to its average volume of 9,574,881. The firm has a market cap of $82.57 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. The business has a 50 day moving average price of $88.89 and a 200 day moving average price of $93.84. Starbucks Co. has a 1 year low of $72.67 and a 1 year high of $108.12.

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 the consensus estimate of $0.79 by ($0.11). Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $9.12 billion. During the same period last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Starbucks Co. will post 3.63 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

Insiders Place Their Bets

In other news, CEO Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the transaction, the chief executive officer now directly owns 81,199 shares in the company, valued at $6,933,582.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,250 shares of company stock worth $651,738 in the last 90 days. 1.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Starbucks

Institutional investors and hedge funds have recently made changes to their positions in the business. Vima LLC bought a new stake in Starbucks in the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $26,000. DSM Capital Partners LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at approximately $27,000. Riggs Asset Managment Co. Inc. lifted its stake in Starbucks by 1,578.9% during the third quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Finally, Fairman Group LLC acquired a new position in Starbucks in the fourth quarter worth $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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.