Weiss Ratings Reaffirms "Hold (C)" Rating for Starbucks (NASDAQ:SBUX)

Key Points

• Weiss Ratings maintains a "Hold (C)" rating for Starbucks (NASDAQ:SBUX), indicating a cautious approach towards the stock's performance.
• Starbucks shares recently traded down by 1.5%, opening at $80.04, with a market capitalization of approximately $90.98 billion.
• Despite a missed earnings estimate of $0.50 per share, the company reported a revenue of $9.46 billion for the last quarter, surpassing expectations of $9.29 billion.

Starbucks (NASDAQ:SBUX - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. Jefferies Financial Group lowered shares of Starbucks from a "hold" rating to an "underperform" rating and set a $76.00 price target on the stock. in a research note on Thursday, July 17th. Wells Fargo & Company raised their target price on shares of Starbucks from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein raised their target price on shares of Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Evercore ISI reissued an "outperform" rating and issued a $105.00 target price (up from $95.00) on shares of Starbucks in a research note on Tuesday, June 24th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $95.00 target price (up from $85.00) on shares of Starbucks in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $104.00.

Starbucks Trading Down 1.5%

Shares of Starbucks stock opened at $80.04 on Wednesday. The firm has a market capitalization of $90.98 billion, a PE ratio of 34.50, a P/E/G ratio of 4.01 and a beta of 1.01. Starbucks has a twelve month low of $75.50 and a twelve month high of $117.46. The firm's 50-day moving average price is $86.84 and its 200 day moving average price is $88.25.

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

Institutional Investors Weigh In On Starbucks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Game Plan Financial Advisors LLC purchased a new stake in Starbucks in the second quarter valued at $25,000. Hughes Financial Services LLC purchased a new stake in Starbucks in the first quarter valued at $27,000. Transce3nd LLC lifted its position in Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company's stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Chelsea Counsel Co. purchased a new stake in Starbucks in the second quarter valued at $26,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Starbucks by 125.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company's stock valued at $28,000 after acquiring an additional 159 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

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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