Starbucks Co. (NASDAQ:SBUX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Starbucks Co. (NASDAQ:SBUX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-eight brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $104.24.

Several equities analysts recently weighed in on the company. Wedbush raised their price objective on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Citigroup cut their target price on shares of Starbucks from $100.00 to $88.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Stifel Nicolaus reduced their price objective on shares of Starbucks from $114.00 to $103.00 and set a "buy" rating for the company in a report on Tuesday.

Starbucks Stock Performance

NASDAQ SBUX traded down $1.91 during mid-day trading on Friday, reaching $83.58. 3,200,967 shares of the stock were exchanged, compared to its average volume of 11,442,227. The company has a market capitalization of $94.94 billion, a P/E ratio of 26.96, a P/E/G ratio of 3.59 and a beta of 1.00. The business's 50 day moving average is $101.63 and its 200-day moving average is $98.70. Starbucks has a 1 year low of $71.55 and a 1 year high of $117.46.

Remove Ads

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.90 earnings per share. Equities analysts predict that Starbucks will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.92%. Starbucks's payout ratio is currently 78.71%.

Institutional Investors Weigh In On Starbucks

A number of hedge funds have recently bought and sold shares of the business. Financial Life Planners bought a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Starbucks in the 4th quarter valued at about $25,000. Graney & King LLC purchased a new stake in shares of Starbucks during the fourth quarter worth $26,000. Collier Financial purchased a new position in Starbucks during the fourth quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

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.