Starbucks Co. (NASDAQ:SBUX) Receives $103.77 Average PT from Brokerages

Shares of Starbucks Co. (NASDAQ:SBUX) have been given a consensus recommendation of “Moderate Buy” by the twenty-nine research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $103.77.

A number of research firms have commented on SBUX. Redburn Atlantic reissued a “sell” rating and set a $77.00 price target (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. BTIG Research boosted their price target on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. TD Cowen restated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Stifel Nicolaus lifted their price objective on shares of Starbucks from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th.

Starbucks Price Performance

Shares of Starbucks stock opened at $92.58 on Wednesday. Starbucks has a 1-year low of $71.55 and a 1-year high of $103.32. The company’s fifty day simple moving average is $96.65 and its 200-day simple moving average is $90.67. The stock has a market capitalization of $104.97 billion, a PE ratio of 27.97, a P/E/G ratio of 2.86 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS. As a group, research analysts anticipate that Starbucks will post 3.11 EPS for the current year.

Starbucks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, February 14th. Starbucks’s dividend payout ratio (DPR) is currently 73.72%.

Insider Buying and Selling at Starbucks

In other news, CFO Rachel Ruggeri sold 1,452 shares of the company’s 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 transaction, the chief financial officer now directly owns 65,648 shares in the company, valued at approximately $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.98% of the company’s stock.

Institutional Investors Weigh In On Starbucks

Large investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Starbucks in the second quarter valued at approximately $25,000. Fairfield Financial Advisors LTD purchased a new stake in shares of Starbucks in the 2nd quarter worth $41,000. DT Investment Partners LLC lifted its holdings in shares of Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after buying an additional 121 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Starbucks during the third quarter valued at $49,000. Finally, Friedenthal Financial purchased a new position in shares of Starbucks during the third quarter valued at $50,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Company Profile

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.