Starbucks Corporation (NASDAQ:SBUX) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Starbucks Corporation has received an average recommendation of “Moderate Buy” from analysts, with a target price of $104.40.
• The company's stock recently opened at $85.43, down 1.8%, and has a twelve-month low of $75.50 and a high of $117.46.
• Starbucks reported $0.50 earnings per share (EPS) for the last quarter, missing estimates, but generated revenue of $9.46 billion, exceeding analyst expectations.

Starbucks Corporation (NASDAQ:SBUX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-six analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $104.40.

Several research firms recently issued reports on SBUX. Cowen reiterated a "hold" rating on shares of Starbucks in a research report on Tuesday, June 24th. Morgan Stanley reiterated an "overweight" rating and set a $103.00 price target (up previously from $95.00) on shares of Starbucks in a research report on Wednesday, July 30th. Bank of America increased their price target on shares of Starbucks from $101.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Loop Capital set a $165.00 price target on shares of Starbucks in a research report on Tuesday, August 12th. Finally, UBS Group increased their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th.

Institutional Trading of Starbucks

A number of hedge funds have recently added to or reduced their stakes in the stock. TrinityPoint Wealth LLC boosted its position in Starbucks by 2.7% in the fourth quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company's stock valued at $312,000 after buying an additional 89 shares in the last quarter. Alliance Wealth Advisors LLC boosted its position in Starbucks by 2.1% in the second quarter. Alliance Wealth Advisors LLC now owns 5,170 shares of the coffee company's stock valued at $474,000 after buying an additional 108 shares in the last quarter. Cooper Haims Advisors LLC boosted its position in Starbucks by 3.0% in the second quarter. Cooper Haims Advisors LLC now owns 3,749 shares of the coffee company's stock valued at $344,000 after buying an additional 110 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in Starbucks by 1.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,293 shares of the coffee company's stock valued at $760,000 after buying an additional 117 shares in the last quarter. Finally, Diligent Investors LLC boosted its position in Starbucks by 1.9% in the second quarter. Diligent Investors LLC now owns 6,132 shares of the coffee company's stock valued at $562,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Down 1.8%

Starbucks stock opened at $85.43 on Monday. The stock has a market cap of $97.11 billion, a P/E ratio of 36.82, a P/E/G ratio of 5.09 and a beta of 1.00. Starbucks has a twelve month low of $75.50 and a twelve month high of $117.46. The company's 50-day moving average price is $91.54 and its two-hundred day moving average price is $91.53.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.14). The firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The business's revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. Equities analysts anticipate that Starbucks will post 2.99 earnings per share for the current fiscal year.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.61 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.44 dividend on an annualized basis and a yield of 2.9%. Starbucks's dividend payout ratio (DPR) is currently 105.17%.

Starbucks Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.