Starbucks Co. (NASDAQ:SBUX) Receives $105.12 Average PT from Analysts

Shares of Starbucks Co. (NASDAQ:SBUX) have received a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $104.24.

SBUX has been the subject of several recent research reports. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, March 18th. Robert W. Baird reaffirmed a “neutral” rating and set a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Baird R W lowered Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Jefferies Financial Group raised Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price objective on the stock in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus reduced their target price on shares of Starbucks from $114.00 to $103.00 and set a “buy” rating for the company in a report on Tuesday.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Net Worth Advisory Group purchased a new stake in Starbucks in the 1st quarter worth approximately $561,000. GPS Wealth Strategies Group LLC grew its position in Starbucks by 83.2% during the first quarter. GPS Wealth Strategies Group LLC now owns 4,273 shares of the coffee company’s stock valued at $419,000 after buying an additional 1,940 shares during the period. Simon Quick Advisors LLC increased its holdings in Starbucks by 47.2% in the first quarter. Simon Quick Advisors LLC now owns 6,398 shares of the coffee company’s stock valued at $628,000 after buying an additional 2,051 shares in the last quarter. Rowlandmiller & PARTNERS.ADV raised its position in shares of Starbucks by 0.9% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 14,804 shares of the coffee company’s stock worth $1,452,000 after acquiring an additional 135 shares during the period. Finally, CX Institutional boosted its stake in shares of Starbucks by 1.8% during the 1st quarter. CX Institutional now owns 7,867 shares of the coffee company’s stock worth $772,000 after acquiring an additional 138 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Performance

Shares of NASDAQ SBUX opened at $83.71 on Friday. Starbucks has a 52-week low of $71.55 and a 52-week high of $117.46. The firm has a market capitalization of $95.09 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.59 and a beta of 1.00. The stock has a 50 day moving average price of $101.07 and a 200 day moving average price of $98.60.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the business posted $0.90 EPS. Analysts forecast that Starbucks will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.91%. Starbucks’s payout ratio is currently 78.71%.

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.