Starbucks (SBUX) Stock Price, News & Analysis

$76.18
+0.07 (+0.09%)
(As of 05/13/2024 ET)
Today's Range
$75.80
$76.84
50-Day Range
$72.50
$92.60
52-Week Range
$71.80
$107.66
Volume
10.95 million shs
Average Volume
10.05 million shs
Market Capitalization
$86.29 billion
P/E Ratio
20.99
Dividend Yield
2.99%
Price Target
$96.43

Starbucks MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
26.6% Upside
$96.43 Price Target
Short Interest
Healthy
1.59% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.84
Upright™ Environmental Score
News Sentiment
0.19mentions of Starbucks in the last 14 days
Based on 62 Articles This Week
Insider Trading
Selling Shares
$651,738 Sold Last Quarter
Proj. Earnings Growth
12.95%
From $3.63 to $4.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.98 out of 5 stars

Retail/Wholesale Sector

2nd out of 202 stocks

Eating & Drinking Places Industry

1st out of 7 stocks

SBUX stock logo

About Starbucks Stock (NASDAQ:SBUX)

Starbucks Corporation is a renowned roaster, marketer and retailer of specialty coffee with over 36,000 stores across 80 countries. Founded in 1971, the company comprises three segments: North America, international and channel development. Starbucks has achieved tremendous success since its inception by becoming the largest coffeehouse company in the world.

In 1971, three business partners — Jerry Baldwin, Zev Siegl and Gordon Bowker — pursued their dream of selling high-quality coffee beans and equipment, inspired by roasting coffee entrepreneur Alfred Peet. By 1986, the team had opened six stores in the Seattle area and had begun to sell espresso coffee. The following year, the original owners sold the Starbucks chain to former director of marketing Howard Schultz. By 1989, Starbucks had expanded to 46 stores across the Pacific Northwest and Midwest and reported annual revenue of $73.5 million.

Notable acquisitions include The Coffee Connection, Circadia, Seattle's Best Coffee, Torrefazione Italia, Diedrich Coffee and Coffee People. In 2017, Kevin Johnson succeeded Howard Schultz, and Schultz returned as CEO in April 2022. 

Starbucks offers an extensive selection of hot and cold drinks, espresso, caffe latte, whole-bean coffee, micro-ground instant coffee, juices, Frappuccino beverages, full and loose-leaf teas, pastries and snacks. It operates six roasteries with tasting rooms and 43 coffee bars within the Starbucks Reserve program.

In 2008, Starbucks encountered some challenges with the announcement of 600 underperforming store closures and the halting of U.S. expansion. An additional 300 stores and a layoff of 7,000 people occurred in 2009. In 2014, Starbucks changed its strategy and shifted from a cookie-cutter approach to branding that was the same worldwide to one focused on local customization for each store. To further invest in the Chinese market, Starbucks acquired the remaining 50% stake of its joint venture from Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation (PCSC) for $1.3 billion.

The COVID-19 pandemic resulted in a 10% sales decrease due to lockdowns and a 50% decrease in China and closed all café-only stores in the United States for two weeks in March. It announced in 2019 that it would close 400 locations in the U.S./Canada regions. 

In 2021, Starbucks was striving to regain its footing, with workers in Buffalo, New York, attempting to unionize and the company facing accusations of illegally discriminating against unionized workers by refusing them wage and benefit increases. The company is also working to address the racial bias issues it has experienced, such as the 2008 discrimination suit and the 2018 incident in Philadelphia.

Starbucks has committed to providing an unparalleled customer experience, impressive growth and expansion and continued efforts to address systemic racism and promote equity. With the return of CEO Howard Schultz, the company plans to increase its store count to about 55,000 by 2030.

SBUX Stock Price History

SBUX Stock News Headlines

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3 Stocks That Suddenly Drew in Options Traders (SBUX)
Three discounted stocks caught the attention of call option buyers last week, and they have Wall Street analysts to back them through double-digit upside.
Illness took away her voice. AI created a replica she carries in her phone
Artificial intelligence voice-cloning technology carries so many risks of harmful impersonation that major technology companies are wary of letting people use it
Salad chain says a cleaner farming method will offset adding steak to its menu. What is it?
The announcement of Sweetgreen salad chain that it’s adding beef to its menu led to strong reactions online, with customers questioning the company’s carbon neutral plans
Starbucks founder Schultz says company needs to refocus on coffee as sales struggle
Former Starbucks CEO and founder Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales
3 Staples Stocks to Cushion Lower Consumer Sentiment (SBUX)
Three stocks in the consumer staples sector could come to save investor portfolios from potential underperformance following sentiment contractions
Starbucks: Indicators Turns Bearish, New Lows in Sight
Starbucks NASDAQ: SBUX is one of many consumer-forward businesses that indicate weakness in the consumer. McDonald's NYSE: MCD and Kraft Heinz NASDAQ: KHC revealed tepid results in fast food and consumer staple products, suggesting the squeeze is real and consumer health flagging.
Starbucks: Indicators Turns Bearish, New Lows in Sight
Starbucks leads the consumer discretionary sector lower after a miserable report and reduced guidance; the market wonders which business will be next.
Amazon, Pinterest rise; Starbucks, CVS Health fall, Wednesday, 5/1/2024
Stocks that are trading heavily or have substantial price changes on Wednesday: Amazon, Pinterest rise; Starbucks, CVS Health fall
No need to go guess: Mom knows best what she wants for Mother's Day
Not all moms are the same
Starbucks: A Profitable Blue Chip Dividend Growth Stock
Starbucks: Not Feeling It Yet
1 Growth Stock Down 42% to Buy Right Now
Starbucks (NASDAQ:SBUX) Trading Up 0.5%
Brittain Ladd brings bare-knuckle comments to The Stockout
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Last Earnings
4/30/2024
Today
5/13/2024
Ex-Dividend for 5/31 Dividend
5/16/2024
Dividend Payable
5/31/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Eating & drinking places
Sub-Industry
Restaurants
Current Symbol
NASDAQ:SBUX
CUSIP
85524410
Employees
381,000
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$96.43
High Stock Price Target
$150.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+26.8%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
25 Analysts

Profitability

Net Income
$4.12 billion
Pretax Margin
14.86%

Debt

Sales & Book Value

Annual Sales
$35.98 billion
Cash Flow
$4.82 per share
Book Value
($6.97) per share

Miscellaneous

Outstanding Shares
1,132,700,000
Free Float
1,110,273,000
Market Cap
$86.15 billion
Optionable
Optionable
Beta
0.97

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SBUX Stock Analysis - Frequently Asked Questions

Should I buy or sell Starbucks stock right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Starbucks in the last twelve months. There are currently 16 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SBUX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBUX, but not buy additional shares or sell existing shares.
View SBUX analyst ratings
or view top-rated stocks.

What is Starbucks' stock price target for 2024?

25 equities research analysts have issued 12-month price objectives for Starbucks' shares. Their SBUX share price targets range from $75.00 to $150.00. On average, they expect the company's stock price to reach $96.43 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price.
View analysts price targets for SBUX
or view top-rated stocks among Wall Street analysts.

How have SBUX shares performed in 2024?

Starbucks' stock was trading at $96.01 on January 1st, 2024. Since then, SBUX stock has decreased by 20.7% and is now trading at $76.18.
View the best growth stocks for 2024 here
.

When is Starbucks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our SBUX earnings forecast
.

How were Starbucks' earnings last quarter?

Starbucks Co. (NASDAQ:SBUX) posted its quarterly earnings results on Tuesday, April, 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.11. The coffee company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a net margin of 11.38% and a negative trailing twelve-month return on equity of 49.91%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share.
Read the conference call transcript
.

How often does Starbucks pay dividends? What is the dividend yield for Starbucks?

Starbucks declared a quarterly dividend on Tuesday, March 12th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.57 per share on Friday, May 31st. This represents a $2.28 annualized dividend and a yield of 2.99%. The ex-dividend date is Thursday, May 16th.
Read our dividend analysis for SBUX
.

Is Starbucks a good dividend stock?

Starbucks (NASDAQ:SBUX) pays an annual dividend of $2.28 per share and currently has a dividend yield of 3.00%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBUX will have a dividend payout ratio of 55.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBUX.

When did Starbucks' stock split?

Starbucks's stock split on the morning of Thursday, April 9th 2015. The 2-1 split was announced on Wednesday, March 18th 2015. The newly created shares were distributed to shareholders after the market closes on Wednesday, April 8th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Kevin Johnson's approval rating as Starbucks' CEO?

6,005 employees have rated Starbucks Chief Executive Officer Kevin Johnson on Glassdoor.com. Kevin Johnson has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Starbucks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Starbucks investors own include Walt Disney (DIS), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Cisco Systems (CSCO), Tesla (TSLA), Home Depot (HD), Intel (INTC), Visa (V) and Bank of America (BAC).

Who are Starbucks' major shareholders?

Starbucks' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.57%), Bank of New York Mellon Corp (0.83%), Flossbach Von Storch AG (0.50%), Nordea Investment Management AB (0.48%), Ontario Teachers Pension Plan Board (0.40%) and Sustainable Growth Advisers LP (0.38%). Insiders that own company stock include Angela Lis, Clara Shih, Gina Woods, Howard D Schultz, John Culver, Kevin R Johnson, Kevin R Johnson, Mellody L Hobson, Michael Aaron Conway, Rachel Ruggeri, Sara Kelly and Zabrina Jenkins.
View institutional ownership trends
.

How do I buy shares of Starbucks?

Shares of SBUX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Starbucks have any subsidiaries?
The following companies are subsidiares of Starbucks: AmRest Coffee Sp. z o. o., AmRest Coffee s.r.o., AmRest Kavezo Kft., Association Centro de Assessoria e Suporte da Starbucks Brazil, Bay Bread LLC, Beijing Starbucks Coffee Co. Ltd., CHH Cafe LLC, CHH Holdings of Texas LLC, Centro de Apoyo al Productor de Starbucks Guatemala Limitada, Chengdu Starbucks Coffee Company Limited, Coffee Concepts (Southern China) Limited, Coffee House Holdings Inc., Coffee Partners Co. Ltd., Conifer Ventures Limited, Corporacion Starbucks Farmer Support Center Colombia, Emerald City C.V., Ethos Brands LLC, Evolution Fresh, Evolution Fresh Inc., Farmer Support Center Asociacion Civil, Guangdong Starbucks Coffee Company Limited, High Grown Investment Group (Hong Kong) Ltd., Holding Company International Limited, Hubei Starbucks Coffee Company Limited, Koffee Sirena LLC, La Boulange, North American Coffee Partnership, Olympic Casualty Insurance Company, Pasqua Inc., Princi Global Limited, Qingdao American Starbucks Coffee Company Limited, SBI Nevada Inc., SCC Innoventure L.P., SCI Europe I LLC, SCI Europe II LLC, SCI Investment Inc., SR Holdings Corporation, SR2 Holdings Corporation, Seastar Colombia Supply Company S.A.S., Seattle Coffee Company, Seattle’s Best Coffee LLC, Shanghai Starbucks Coffee Enterprise Co. Ltd., Shaya Coffee Limited, Siren Retail Corporation, Starbucks (China) Company Limited, Starbucks (Kunshan) Coffee Co. Ltd., Starbucks (Shanghai) Coffee Company Limited, Starbucks (Shanghai) Supply Chain Co. Ltd., Starbucks (Shanghai) Trade Company Limited, Starbucks AINI Coffee (Yunnan) Company Limited, Starbucks Asia Pacific Investment Holding II Limited, Starbucks Asia Pacific Investment Holding III Limited, Starbucks Asia Pacific Investment Holding Limited, Starbucks Capital Asset Leasing Company LLC, Starbucks Card Europe Limited, Starbucks Coffee (Cayman) Holdings Ltd., Starbucks Coffee (Dalian) Company Limited, Starbucks Coffee (Liaoning) Company Limited, Starbucks Coffee (Shenzhen) Company Limited, Starbucks Coffee Agronomy Company S.R.L., Starbucks Coffee Asia Pacific Limited, Starbucks Coffee Austria GmbH, Starbucks Coffee Canada Inc., Starbucks Coffee Company (Australia) Pty Ltd, Starbucks Coffee Company (UK) Limited, Starbucks Coffee Development (Yunnan) Company Limited, Starbucks Coffee EMEA B.V., Starbucks Coffee Holdings (UK) Limited, Starbucks Coffee International Inc., Starbucks Coffee Japan Ltd., Starbucks Coffee Switzerland GmbH, Starbucks Coffee Trading Company Sarl, Starbucks EMEA Holdings Ltd, Starbucks EMEA Investment Ltd, Starbucks EMEA Ltd, Starbucks Farmer Support Center Rwanda Ltd, Starbucks Farmer Support Center Tanzania Limited, Starbucks Holding Company, Starbucks Holding Company Pte. Ltd., Starbucks International (Holdings) Ltd, Starbucks Italy S.r.l., Starbucks Manufacturing Corporation, Starbucks Manufacturing EMEA B.V., Starbucks New Venture Company, Starbucks Singapore Investment Pte. Ltd., Starbucks Switzerland Austria Holdings B.V., Starbucks Trading G.K., Tata Starbucks Private Limited, Tazo L.L.C., Teavana, Teavana Puerto Rico LLC, The New French Bakery Inc., Torrefazione Italia LLC, Tympanum Inc., Xingran (Shanghai) Investment Partnership, and Xi’an Starbucks Coffee Company Limited.
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This page (NASDAQ:SBUX) was last updated on 5/13/2024 by MarketBeat.com Staff

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