Starbucks Co. (SBUX) Given Average Recommendation of “Buy” by Analysts

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.

Several institutional investors have recently made changes to their positions in the company. Community Bank N.A. raised its stake in shares of Starbucks by 2.1% in the 1st quarter. Community Bank N.A. now owns 6,783 shares of the coffee company’s stock valued at $504,000 after acquiring an additional 140 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Starbucks by 1.5% in the 1st quarter. Kistler Tiffany Companies LLC now owns 9,461 shares of the coffee company’s stock valued at $703,000 after acquiring an additional 142 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Starbucks by 1.2% in the 1st quarter. Orrstown Financial Services Inc. now owns 12,844 shares of the coffee company’s stock valued at $955,000 after acquiring an additional 147 shares in the last quarter. Gardiner Nancy B raised its stake in shares of Starbucks by 2.8% in the 4th quarter. Gardiner Nancy B now owns 5,700 shares of the coffee company’s stock valued at $367,000 after acquiring an additional 156 shares in the last quarter. Finally, Old North State Trust LLC raised its stake in shares of Starbucks by 20.6% in the 1st quarter. Old North State Trust LLC now owns 991 shares of the coffee company’s stock valued at $73,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 73.44% of the company’s stock.

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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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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