Starbucks Co. (NASDAQ:SBUX) Given Average Recommendation of “Moderate Buy” by Analysts

Starbucks Co. (NASDAQ:SBUXGet Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-eight ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $103.92.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. TD Cowen reaffirmed a “buy” rating and set a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price objective (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Barclays decreased their price objective on Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus upped their target price on Starbucks from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

View Our Latest Report on Starbucks

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,452 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flavin Financial Services Inc. purchased a new position in shares of Starbucks in the 4th quarter valued at approximately $634,000. Patron Partners LLC lifted its position in Starbucks by 3.6% during the fourth quarter. Patron Partners LLC now owns 9,965 shares of the coffee company’s stock valued at $909,000 after buying an additional 342 shares during the period. Paul R. Ried Financial Group LLC bought a new stake in shares of Starbucks during the 4th quarter valued at $1,977,000. Trust Point Inc. grew its position in shares of Starbucks by 14.4% in the 4th quarter. Trust Point Inc. now owns 11,185 shares of the coffee company’s stock worth $1,021,000 after buying an additional 1,406 shares during the period. Finally, Alliance Wealth Advisors LLC UT increased its stake in shares of Starbucks by 26.1% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,391 shares of the coffee company’s stock worth $857,000 after acquiring an additional 1,946 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 0.8 %

Shares of NASDAQ SBUX opened at $98.81 on Friday. The firm has a market capitalization of $112.03 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.91 and a beta of 0.99. The stock’s 50-day simple moving average is $95.66 and its two-hundred day simple moving average is $92.25. Starbucks has a twelve month low of $71.55 and a twelve month high of $103.32.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The coffee company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The company had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the prior year, the business earned $1.06 earnings per share. Starbucks’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, research analysts anticipate that Starbucks will post 3.08 EPS for the current fiscal year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a dividend yield of 2.47%. Starbucks’s dividend payout ratio (DPR) is presently 73.72%.

Starbucks Company Profile

(Get Free Report

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.

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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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