Starbucks - SBUX Stock Forecast, Price & News

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brands. As of October 3, 2021, it operated 16,826 company-operated and licensed stores in North America; and 17,007 company-operated and licensed stores internationally. The company was founded in 1971 and is based in Seattle, Washington.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Starbucks from $87.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Starbucks from $91.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, August 3rd. Robert W. Baird reissued a "neutral" rating and issued a $83.00 price target on shares of Starbucks in a research note on Thursday. Cowen reduced their target price on Starbucks from $115.00 to $94.00 in a research report on Wednesday, May 4th. Finally, StockNews.com cut Starbucks from a "buy" rating to a "hold" rating in a report on Thursday, May 12th. Fourteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Starbucks currently has an average rating of "Hold" and an average target price of $102.92.

Starbucks Stock Up 0.4 %

Starbucks stock traded up $0.38 during trading on Monday, reaching $86.11. The stock had a trading volume of 134,075 shares, compared to its average volume of 9,711,148. Starbucks has a 52-week low of $68.39 and a 52-week high of $120.76. The business has a 50 day moving average price of $78.88 and a 200 day moving average price of $82.95. The stock has a market cap of $98.80 billion, a PE ratio of 24.15, a P/E/G ratio of 2.67 and a beta of 0.95.

Starbucks (NASDAQ:SBUX - Get Rating) last posted its earnings results on Tuesday, August 2nd. The coffee company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Starbucks had a negative return on equity of 47.28% and a net margin of 13.03%. During the same period last year, the firm earned $1.01 EPS. On average, equities analysts predict that Starbucks will post 2.89 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, August 11th. Starbucks's dividend payout ratio (DPR) is 55.21%.

Insider Buying and Selling at Starbucks

In related news, CEO Howard D. Schultz bought 137,500 shares of the stock in a transaction dated Tuesday, May 10th. The stock was acquired at an average price of $72.67 per share, for a total transaction of $9,992,125.00. Following the acquisition, the chief executive officer now owns 19,534,460 shares in the company, valued at approximately $1,419,569,208.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Howard D. Schultz purchased 72,500 shares of the company's stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $68.85 per share, for a total transaction of $4,991,625.00. Following the purchase, the chief executive officer now directly owns 19,606,960 shares of the company's stock, valued at approximately $1,349,939,196. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Howard D. Schultz acquired 137,500 shares of Starbucks stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of $72.67 per share, with a total value of $9,992,125.00. Following the purchase, the chief executive officer now owns 19,534,460 shares of the company's stock, valued at approximately $1,419,569,208.20. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.