Starbucks Corporation (NASDAQ:SBUX) Receives Average Recommendation of “Hold” from Brokerages

Starbucks Corporation (NASDAQ:SBUXGet Free Report) has earned a consensus rating of “Hold” from the thirty-four brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $110.2963.

A number of brokerages recently weighed in on SBUX. DA Davidson raised their target price on shares of Starbucks from $102.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. UBS Group upped their price target on Starbucks from $105.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. BNP Paribas Exane increased their price objective on Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research report on Thursday, July 30th. Sanford C. Bernstein lowered Starbucks from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. Finally, Scotiabank cut Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th.

View Our Latest Report on SBUX

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the sale, the chief executive officer owned 75,135 shares in the company, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 6,687 shares of company stock valued at $681,663. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SBUX. Jefferies Financial Group Inc. lifted its holdings in shares of Starbucks by 94.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 94,260 shares of the coffee company’s stock valued at $7,938,000 after purchasing an additional 45,794 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of Starbucks by 20.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 518,405 shares of the coffee company’s stock valued at $43,655,000 after buying an additional 87,926 shares in the last quarter. Norges Bank acquired a new position in Starbucks during the fourth quarter valued at $1,232,650,000. Brighton Jones LLC raised its position in Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after buying an additional 81,952 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in Starbucks in the 2nd quarter worth about $61,404,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Up 0.6%

Shares of NASDAQ SBUX opened at $107.85 on Monday. Starbucks has a twelve month low of $77.99 and a twelve month high of $110.51. The company has a market capitalization of $122.95 billion, a price-to-earnings ratio of 61.98, a PEG ratio of 1.85 and a beta of 0.97. The firm has a 50-day moving average of $105.10 and a two-hundred day moving average of $100.78.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the firm posted $0.50 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts predict that Starbucks will post 2.64 earnings per share for the current year.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.62 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. Starbucks’s dividend payout ratio (DPR) is 142.53%.

About Starbucks

(Get Free Report)

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.

See Also

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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.