Shares of Starbucks Co. (NASDAQ:SBUX) have received an average rating of “Buy” from the thirty-three brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $64.96.
Several research firms have commented on SBUX. Credit Suisse Group lowered their target price on shares of Starbucks from $56.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Deutsche Bank reaffirmed a “buy” rating and issued a $63.00 target price on shares of Starbucks in a research note on Friday, January 26th. BMO Capital Markets boosted their price objective on shares of Starbucks to $58.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Vetr raised shares of Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.12 price objective for the company in a research note on Tuesday, November 14th. Finally, Nomura lowered their price objective on shares of Starbucks from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 3rd.
In related news, Director Myron E. Ullman III sold 25,000 shares of Starbucks stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the transaction, the director now owns 39,000 shares in the company, valued at approximately $2,126,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joshua Cooper Ramo sold 60,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total transaction of $3,565,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 247,826 shares of company stock worth $14,213,139 in the last 90 days. Company insiders own 3.48% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Taylor Hoffman Wealth Management acquired a new position in Starbucks in the 4th quarter worth $107,000. Prime Capital Investment Advisors LLC acquired a new position in Starbucks in the 4th quarter worth $113,000. Jacobi Capital Management LLC lifted its holdings in Starbucks by 6.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock worth $116,000 after buying an additional 129 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in Starbucks in the 3rd quarter worth $111,000. Finally, Gradient Investments LLC acquired a new position in Starbucks in the 4th quarter worth $117,000. Hedge funds and other institutional investors own 71.87% of the company’s stock.
Starbucks (NASDAQ:SBUX) traded down $0.60 during mid-day trading on Tuesday, reaching $56.57. 8,815,795 shares of the company’s stock traded hands, compared to its average volume of 12,041,921. The stock has a market cap of $79,510.00, a PE ratio of 18.07, a P/E/G ratio of 1.55 and a beta of 0.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81. Starbucks has a 12-month low of $52.58 and a 12-month high of $64.87.
Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. Starbucks’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. equities analysts anticipate that Starbucks will post 2.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Thursday, February 8th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.12%. Starbucks’s payout ratio is 38.34%.
WARNING: This piece was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.thelincolnianonline.com/2018/03/14/starbucks-co-sbux-receives-consensus-rating-of-buy-from-brokerages.html.
Starbucks Company Profile
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter.