FY2025 EPS Estimates for Starbucks Lowered by Zacks Research

Starbucks Co. (NASDAQ:SBUX) – Research analysts at Zacks Research lowered their FY2025 earnings per share estimates for Starbucks in a note issued to investors on Wednesday, November 20th. Zacks Research analyst H. Ray now forecasts that the coffee company will post earnings of $3.11 per share for the year, down from their previous estimate of $3.56. The consensus estimate for Starbucks’ current full-year earnings is $3.12 per share.

SBUX has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft raised shares of Starbucks from a “hold” rating to a “buy” rating and increased their price target for the stock from $85.00 to $118.00 in a report on Wednesday, August 14th. Morgan Stanley raised their price target on Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Baird R W upgraded Starbucks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 13th. Redburn Atlantic reiterated a “sell” rating and set a $77.00 price objective (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, Bank of America dropped their target price on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.81.

Starbucks Trading Down 0.6 %

Shares of SBUX opened at $101.84 on Monday. Starbucks has a 12-month low of $71.55 and a 12-month high of $103.32. The company has a market cap of $115.47 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97. The stock has a 50-day moving average price of $97.22 and a 200-day moving average price of $87.38.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS.

Institutional Investors Weigh In On Starbucks

A number of hedge funds have recently modified their holdings of the business. Quent Capital LLC raised its stake in shares of Starbucks by 9.6% in the first quarter. Quent Capital LLC now owns 4,389 shares of the coffee company’s stock worth $401,000 after buying an additional 385 shares during the period. Waverly Advisors LLC raised its stake in Starbucks by 128.8% during the 1st quarter. Waverly Advisors LLC now owns 11,994 shares of the coffee company’s stock worth $1,096,000 after acquiring an additional 6,753 shares during the period. Industrial Alliance Investment Management Inc. lifted its holdings in Starbucks by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the coffee company’s stock valued at $310,000 after purchasing an additional 143 shares in the last quarter. Fairbanks Capital Management Inc. purchased a new stake in shares of Starbucks in the first quarter worth $767,000. Finally, Sweeney & Michel LLC bought a new stake in shares of Starbucks during the 1st quarter valued at $621,000. Institutional investors own 72.29% of the company’s stock.

Insider Buying and Selling

In other Starbucks news, Director Jorgen Vig Knudstorp acquired 380 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the purchase, the director now directly owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This trade represents a 1.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.98% of the stock is owned by corporate insiders.

Starbucks Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Starbucks’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 2.40%. Starbucks’s dividend payout ratio (DPR) is 73.72%.

About Starbucks

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.