Shares of Starbucks Co. (NASDAQ:SBUX) have been given a consensus recommendation of “Buy” by the twenty-eight research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $73.64.
SBUX has been the subject of a number of research reports. Piper Jaffray Companies raised their price objective on Starbucks from $70.00 to $77.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Mizuho set a $75.00 price objective on Starbucks and gave the stock a “buy” rating in a research report on Thursday, April 11th. BidaskClub upgraded Starbucks from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Stephens raised their price objective on Starbucks from $65.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Bank of America set a $75.00 price objective on Starbucks and gave the stock a “buy” rating in a research report on Friday, January 25th.
In other news, insider John Culver sold 169,096 shares of Starbucks stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $68.81, for a total transaction of $11,635,495.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Vivek C. Varma sold 50,470 shares of Starbucks stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $69.39, for a total value of $3,502,113.30. Following the sale, the executive vice president now owns 118,110 shares of the company’s stock, valued at $8,195,652.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 339,930 shares of company stock valued at $23,523,107. 3.98% of the stock is owned by corporate insiders.
Shares of SBUX opened at $77.47 on Friday. The stock has a market capitalization of $96.40 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.18 and a beta of 0.51. Starbucks has a 1-year low of $47.37 and a 1-year high of $78.15. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, April 25th. The coffee company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Starbucks had a return on equity of 443.38% and a net margin of 11.87%. The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Starbucks will post 2.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.36 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. Starbucks’s dividend payout ratio is 59.50%.
Starbucks Company Profile
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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