Starbucks Co. (NASDAQ:SBUX) Given Average Rating of "Hold" by Analysts

Shares of Starbucks Co. (NASDAQ:SBUX - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-eight analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $97.92.

Several equities research analysts have recently issued reports on SBUX shares. Baird R W lowered Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Guggenheim decreased their target price on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. TD Cowen reaffirmed a "hold" rating and set a $90.00 target price on shares of Starbucks in a research report on Thursday. Robert W. Baird reaffirmed a "neutral" rating and set a $85.00 target price (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Finally, Barclays decreased their target price on Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th.

Starbucks Stock Up 1.5%

NASDAQ SBUX traded up $1.24 on Friday, reaching $85.19. The company had a trading volume of 8,255,315 shares, compared to its average volume of 11,020,584. The stock has a market capitalization of $96.81 billion, a P/E ratio of 27.48, a P/E/G ratio of 3.59 and a beta of 0.99. The company's fifty day moving average is $85.54 and its 200 day moving average is $95.55. Starbucks has a 52-week low of $71.55 and a 52-week high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, research analysts expect that Starbucks will post 2.99 EPS for the current year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.86%. Starbucks's dividend payout ratio is currently 88.41%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $62,000. Arizona State Retirement System boosted its position in shares of Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock valued at $29,881,000 after acquiring an additional 2,722 shares during the last quarter. West Michigan Advisors LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $265,000. Wernau Asset Management Inc. bought a new stake in shares of Starbucks during the 4th quarter valued at about $258,000. Finally, Vanguard Capital Wealth Advisors bought a new stake in shares of Starbucks during the 4th quarter valued at about $285,000. Institutional investors own 72.29% of the company's stock.

About Starbucks

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.