Starbucks Corporation (NASDAQ:SBUX) Receives Consensus Rating of "Hold" from Analysts

Shares of Starbucks Corporation (NASDAQ:SBUX - Get Free Report) have earned a consensus rating of "Hold" from the twenty-eight analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $98.36.

A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Citigroup lifted their target price on shares of Starbucks from $84.00 to $95.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price for the company in a report on Wednesday, April 9th. Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Evercore ISI lifted their target price on shares of Starbucks from $95.00 to $105.00 and gave the stock an "outperform" rating in a report on Tuesday.

Institutional Investors Weigh In On Starbucks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock worth $29,881,000 after buying an additional 2,722 shares in the last quarter. West Michigan Advisors LLC bought a new stake in Starbucks during the 4th quarter worth about $265,000. Wernau Asset Management Inc. bought a new stake in Starbucks during the 4th quarter worth about $258,000. Vanguard Capital Wealth Advisors bought a new stake in Starbucks during the 4th quarter worth about $285,000. Finally, OFI Invest Asset Management bought a new stake in Starbucks during the 4th quarter worth about $9,497,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

Shares of Starbucks stock opened at $91.50 on Wednesday. The firm has a 50 day simple moving average of $86.17 and a 200 day simple moving average of $94.46. Starbucks has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The firm has a market cap of $103.98 billion, a P/E ratio of 33.15, a P/E/G ratio of 4.70 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its 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). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same period in the prior year, the firm posted $0.68 EPS. Starbucks's revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Starbucks will post 2.99 EPS for the current year.

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.

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