Starbucks Co. (NASDAQ:SBUX - Get Free Report)'s stock price was up 0.1% during trading on Tuesday . The company traded as high as $88.49 and last traded at $88.39. Approximately 1,615,312 shares traded hands during trading, a decline of 81% from the average daily volume of 8,297,197 shares. The stock had previously closed at $88.33.
Analyst Ratings Changes
SBUX has been the subject of several research reports. Wedbush dropped their target price on Starbucks from $95.00 to $92.00 and set a "neutral" rating for the company in a research report on Friday. Guggenheim reduced their target price on shares of Starbucks from $100.00 to $91.00 and set a "buy" rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. dropped their price target on shares of Starbucks from $107.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, March 19th. Stifel Nicolaus reduced their price objective on Starbucks from $102.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, April 11th. Finally, Jefferies Financial Group lowered their target price on Starbucks from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Tuesday, April 16th. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $106.55.
View Our Latest Analysis on Starbucks
Starbucks Price Performance
The company has a 50-day simple moving average of $90.17 and a two-hundred day simple moving average of $94.25. The stock has a market capitalization of $100.19 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98.
Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.13). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $9.12 billion. During the same period in the prior year, the firm posted $0.74 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. Research analysts anticipate that Starbucks Co. will post 3.99 EPS for the current year.
Starbucks Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 2.58%. Starbucks's dividend payout ratio (DPR) is currently 60.96%.
Insiders Place Their Bets
In related news, CEO Michael Aaron Conway sold 3,250 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the transaction, the chief executive officer now directly owns 81,199 shares of the company's stock, valued at approximately $6,933,582.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,250 shares of company stock valued at $651,738 over the last ninety days. Corporate insiders own 1.98% of the company's stock.
Institutional Trading of Starbucks
Hedge funds have recently bought and sold shares of the stock. Vima LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in Starbucks in the fourth quarter valued at $26,000. DSM Capital Partners LLC bought a new position in shares of Starbucks during the fourth quarter valued at $27,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Starbucks by 1,578.9% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 319 shares of the coffee company's stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Finally, Fairman Group LLC bought a new stake in shares of Starbucks in the 4th quarter worth about $30,000. 72.29% of the stock is owned by institutional investors.
About Starbucks
(
Get Free Report)
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.
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