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How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Bill Gates is raving about WHAT?! (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Bill Gates is raving about WHAT?! (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
AI Stock Caught Trading Under Secret Name (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Bill Gates is raving about WHAT?! (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Bill Gates is raving about WHAT?! (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
AI Stock Caught Trading Under Secret Name (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Bill Gates is raving about WHAT?! (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Bill Gates is raving about WHAT?! (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
AI Stock Caught Trading Under Secret Name (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage

Starbucks (SBUX) Stock Price, News & Analysis

$95.62
-0.16 (-0.17%)
(As of 02/23/2024 08:53 PM ET)
Today's Range
$95.58
$96.93
50-Day Range
$91.77
$97.72
52-Week Range
$89.21
$115.48
Volume
6.85 million shs
Average Volume
9.25 million shs
Market Capitalization
$108.26 billion
P/E Ratio
25.57
Dividend Yield
2.38%
Price Target
$111.43

Starbucks MarketRank™ Stock Analysis

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
16.5% Upside
$111.43 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.84
Upright™ Environmental Score
News Sentiment
0.28mentions of Starbucks in the last 14 days
Based on 49 Articles This Week
Insider Trading
Selling Shares
$376,258 Sold Last Quarter
Proj. Earnings Growth
16.22%
From $4.07 to $4.73 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.94 out of 5 stars

Retail/Wholesale Sector

3rd out of 196 stocks

Eating & Drinking Places Industry

1st out of 6 stocks


SBUX stock logo

About Starbucks Stock (NASDAQ:SBUX)

Starbucks Corporation is a renowned roaster, marketer and retailer of specialty coffee with over 36,000 stores across 80 countries. Founded in 1971, the company comprises three segments: North America, international and channel development. Starbucks has achieved tremendous success since its inception by becoming the largest coffeehouse company in the world.

In 1971, three business partners — Jerry Baldwin, Zev Siegl and Gordon Bowker — pursued their dream of selling high-quality coffee beans and equipment, inspired by roasting coffee entrepreneur Alfred Peet. By 1986, the team had opened six stores in the Seattle area and had begun to sell espresso coffee. The following year, the original owners sold the Starbucks chain to former director of marketing Howard Schultz. By 1989, Starbucks had expanded to 46 stores across the Pacific Northwest and Midwest and reported annual revenue of $73.5 million.

Notable acquisitions include The Coffee Connection, Circadia, Seattle's Best Coffee, Torrefazione Italia, Diedrich Coffee and Coffee People. In 2017, Kevin Johnson succeeded Howard Schultz, and Schultz returned as CEO in April 2022. 

Starbucks offers an extensive selection of hot and cold drinks, espresso, caffe latte, whole-bean coffee, micro-ground instant coffee, juices, Frappuccino beverages, full and loose-leaf teas, pastries and snacks. It operates six roasteries with tasting rooms and 43 coffee bars within the Starbucks Reserve program.

In 2008, Starbucks encountered some challenges with the announcement of 600 underperforming store closures and the halting of U.S. expansion. An additional 300 stores and a layoff of 7,000 people occurred in 2009. In 2014, Starbucks changed its strategy and shifted from a cookie-cutter approach to branding that was the same worldwide to one focused on local customization for each store. To further invest in the Chinese market, Starbucks acquired the remaining 50% stake of its joint venture from Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation (PCSC) for $1.3 billion.

The COVID-19 pandemic resulted in a 10% sales decrease due to lockdowns and a 50% decrease in China and closed all café-only stores in the United States for two weeks in March. It announced in 2019 that it would close 400 locations in the U.S./Canada regions. 

In 2021, Starbucks was striving to regain its footing, with workers in Buffalo, New York, attempting to unionize and the company facing accusations of illegally discriminating against unionized workers by refusing them wage and benefit increases. The company is also working to address the racial bias issues it has experienced, such as the 2008 discrimination suit and the 2018 incident in Philadelphia.

Starbucks has committed to providing an unparalleled customer experience, impressive growth and expansion and continued efforts to address systemic racism and promote equity. With the return of CEO Howard Schultz, the company plans to increase its store count to about 55,000 by 2030.

SBUX Stock Price History

SBUX Stock News Headlines

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Starbucks perks up on margin strength: Are new highs in sight?
Starbucks had a solid quarter and generated significant cash flow and earnings but failed to meet expectations and lowered guidance; the downtrend may continue.
SBUX Mar 2024 103.000 put
Dividend Expert Reveals His Biggest Income Secrets… Free of Charge
Marc Lichtenfeld –Author of the best-selling book Get Rich With Dividends – is giving away his Ultimate Dividend Package… Free of charge!
Starbucks CEO Makes 1,000 Time More Than Workers
3 Retail Stocks at Risk as Consumers Cut Back on Spending
SBUX Mar 2024 86.000 call
SBUX Mar 2024 102.000 put
High-profile Starbucks location closes for renovations
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SBUX Feb 2024 90.000 put
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Today
2/25/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Eating & drinking places
Sub-Industry
Restaurants
Current Symbol
NASDAQ:SBUX
CUSIP
85524410
Employees
381,000
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$111.43
High Stock Price Target
$150.00
Low Stock Price Target
$95.00
Potential Upside/Downside
+16.5%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
19 Analysts

Profitability

Net Income
$4.12 billion
Pretax Margin
15.39%

Debt

Sales & Book Value

Annual Sales
$35.98 billion
Cash Flow
$4.83 per share
Book Value
($7.60) per share

Miscellaneous

Outstanding Shares
1,132,200,000
Free Float
1,109,782,000
Market Cap
$108.26 billion
Optionable
Optionable
Beta
0.99

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Should I Buy Starbucks Stock? SBUX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Starbucks was last updated on Wednesday, February 21, 2024 at 2:04 PM.

Pros

Here are some ways that investors could benefit from investing in Starbucks Co.:

  • Starbucks has shown consistent revenue growth over the past few quarters, indicating a strong business performance.
  • Expansion into new markets and innovative product offerings like plant-based options can attract a wider customer base and drive sales.
  • Strong brand recognition and customer loyalty contribute to a stable customer base, reducing the risk of revenue fluctuations.
  • Recent insider buying activities, such as Clarity Capital Partners LLC and Burford Brothers Inc., suggest confidence in the company's future prospects.
  • Despite a recent dip, Starbucks stock price remains relatively stable, presenting a potential buying opportunity for investors.

Cons

Investors should be bearish about investing in Starbucks Co. for these reasons:

  • Increasing competition in the coffee industry from both traditional and emerging players may impact Starbucks' market share and profitability.
  • Dependency on physical store sales exposes the company to risks associated with changing consumer preferences and economic downturns.
  • Negative return on equity and insider selling activities, like Michael Aaron Conway's recent sale, could raise concerns about the company's financial health and future performance.
  • High reliance on North America for a significant portion of revenue may limit growth opportunities compared to more diversified competitors.
  • Market volatility and global economic uncertainties could affect consumer spending habits, potentially impacting Starbucks' sales and profitability.














SBUX Stock Analysis - Frequently Asked Questions

Should I buy or sell Starbucks stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Starbucks in the last year. There are currently 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SBUX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBUX, but not buy additional shares or sell existing shares.
View SBUX analyst ratings
or view top-rated stocks.

What is Starbucks' stock price target for 2024?

19 analysts have issued 12-month target prices for Starbucks' stock. Their SBUX share price targets range from $95.00 to $150.00. On average, they predict the company's stock price to reach $111.43 in the next year. This suggests a possible upside of 16.5% from the stock's current price.
View analysts price targets for SBUX
or view top-rated stocks among Wall Street analysts.

How have SBUX shares performed in 2024?

Starbucks' stock was trading at $96.01 at the beginning of 2024. Since then, SBUX stock has decreased by 0.4% and is now trading at $95.62.
View the best growth stocks for 2024 here
.

Are investors shorting Starbucks?

Starbucks saw a drop in short interest in January. As of January 31st, there was short interest totaling 13,750,000 shares, a drop of 20.4% from the January 15th total of 17,280,000 shares. Based on an average trading volume of 8,640,000 shares, the short-interest ratio is currently 1.6 days. Currently, 1.3% of the company's stock are short sold.
View Starbucks' Short Interest
.

When is Starbucks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our SBUX earnings forecast
.

How were Starbucks' earnings last quarter?

Starbucks Co. (NASDAQ:SBUX) announced its quarterly earnings results on Wednesday, January, 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by $0.02. The coffee company earned $9.43 billion during the quarter, compared to the consensus estimate of $9.60 billion. Starbucks had a net margin of 11.70% and a negative trailing twelve-month return on equity of 50.76%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS.
Read the conference call transcript
.

How often does Starbucks pay dividends? What is the dividend yield for Starbucks?

Starbucks declared a quarterly dividend on Monday, November 13th. Shareholders of record on Friday, February 9th will be given a dividend of $0.57 per share on Friday, February 23rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for SBUX
.

Is Starbucks a good dividend stock?

Starbucks (NASDAQ:SBUX) pays an annual dividend of $2.28 per share and currently has a dividend yield of 2.38%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBUX will have a dividend payout ratio of 48.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBUX.

When did Starbucks' stock split?

Starbucks shares split before market open on Thursday, April 9th 2015. The 2-1 split was announced on Wednesday, March 18th 2015. The newly created shares were issued to shareholders after the market closes on Wednesday, April 8th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has Starbucks issued on next quarter's earnings?

Starbucks issued an update on its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of 4.070-4.250 for the period, compared to the consensus earnings per share estimate of 3.780. The company issued revenue guidance of $38.5 billion-$39.6 billion, compared to the consensus revenue estimate of $36.3 billion.

What is Kevin Johnson's approval rating as Starbucks' CEO?

6,005 employees have rated Starbucks Chief Executive Officer Kevin Johnson on Glassdoor.com. Kevin Johnson has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Starbucks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Starbucks investors own include Walt Disney (DIS), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Cisco Systems (CSCO), Tesla (TSLA), Home Depot (HD), Intel (INTC), Visa (V) and Bank of America (BAC).

Who are Starbucks' major shareholders?

Starbucks' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.53%), Northern Trust Corp (1.30%), Norges Bank (1.14%), Fisher Asset Management LLC (1.00%), Nuveen Asset Management LLC (0.89%) and Charles Schwab Investment Management Inc. (0.89%). Insiders that own company stock include Angela Lis, Clara Shih, Gina Woods, Howard D Schultz, John Culver, Kevin R Johnson, Kevin R Johnson, Mellody L Hobson, Michael Aaron Conway, Rachel A Gonzalez, Rachel Ruggeri, Sara Kelly and Zabrina Jenkins.
View institutional ownership trends
.

How do I buy shares of Starbucks?

Shares of SBUX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Starbucks have any subsidiaries?
The following companies are subsidiares of Starbucks: AmRest Coffee Sp. z o. o., AmRest Coffee s.r.o., AmRest Kavezo Kft., Association Centro de Assessoria e Suporte da Starbucks Brazil, Bay Bread LLC, Beijing Starbucks Coffee Co. Ltd., CHH Cafe LLC, CHH Holdings of Texas LLC, Centro de Apoyo al Productor de Starbucks Guatemala Limitada, Chengdu Starbucks Coffee Company Limited, Coffee Concepts (Southern China) Limited, Coffee House Holdings Inc., Coffee Partners Co. Ltd., Conifer Ventures Limited, Corporacion Starbucks Farmer Support Center Colombia, Emerald City C.V., Ethos Brands LLC, Evolution Fresh, Evolution Fresh Inc., Farmer Support Center Asociacion Civil, Guangdong Starbucks Coffee Company Limited, High Grown Investment Group (Hong Kong) Ltd., Holding Company International Limited, Hubei Starbucks Coffee Company Limited, Koffee Sirena LLC, La Boulange, North American Coffee Partnership, Olympic Casualty Insurance Company, Pasqua Inc., Princi Global Limited, Qingdao American Starbucks Coffee Company Limited, SBI Nevada Inc., SCC Innoventure L.P., SCI Europe I LLC, SCI Europe II LLC, SCI Investment Inc., SR Holdings Corporation, SR2 Holdings Corporation, Seastar Colombia Supply Company S.A.S., Seattle Coffee Company, Seattle’s Best Coffee LLC, Shanghai Starbucks Coffee Enterprise Co. Ltd., Shaya Coffee Limited, Siren Retail Corporation, Starbucks (China) Company Limited, Starbucks (Kunshan) Coffee Co. Ltd., Starbucks (Shanghai) Coffee Company Limited, Starbucks (Shanghai) Supply Chain Co. Ltd., Starbucks (Shanghai) Trade Company Limited, Starbucks AINI Coffee (Yunnan) Company Limited, Starbucks Asia Pacific Investment Holding II Limited, Starbucks Asia Pacific Investment Holding III Limited, Starbucks Asia Pacific Investment Holding Limited, Starbucks Capital Asset Leasing Company LLC, Starbucks Card Europe Limited, Starbucks Coffee (Cayman) Holdings Ltd., Starbucks Coffee (Dalian) Company Limited, Starbucks Coffee (Liaoning) Company Limited, Starbucks Coffee (Shenzhen) Company Limited, Starbucks Coffee Agronomy Company S.R.L., Starbucks Coffee Asia Pacific Limited, Starbucks Coffee Austria GmbH, Starbucks Coffee Canada Inc., Starbucks Coffee Company (Australia) Pty Ltd, Starbucks Coffee Company (UK) Limited, Starbucks Coffee Development (Yunnan) Company Limited, Starbucks Coffee EMEA B.V., Starbucks Coffee Holdings (UK) Limited, Starbucks Coffee International Inc., Starbucks Coffee Japan Ltd., Starbucks Coffee Switzerland GmbH, Starbucks Coffee Trading Company Sarl, Starbucks EMEA Holdings Ltd, Starbucks EMEA Investment Ltd, Starbucks EMEA Ltd, Starbucks Farmer Support Center Rwanda Ltd, Starbucks Farmer Support Center Tanzania Limited, Starbucks Holding Company, Starbucks Holding Company Pte. Ltd., Starbucks International (Holdings) Ltd, Starbucks Italy S.r.l., Starbucks Manufacturing Corporation, Starbucks Manufacturing EMEA B.V., Starbucks New Venture Company, Starbucks Singapore Investment Pte. Ltd., Starbucks Switzerland Austria Holdings B.V., Starbucks Trading G.K., Tata Starbucks Private Limited, Tazo L.L.C., Teavana, Teavana Puerto Rico LLC, The New French Bakery Inc., Torrefazione Italia LLC, Tympanum Inc., Xingran (Shanghai) Investment Partnership, and Xi’an Starbucks Coffee Company Limited.
Read More
This page (NASDAQ:SBUX) was last updated on 2/26/2024 by MarketBeat.com Staff