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NASDAQ:SBUX

Starbucks - SBUX Stock Forecast, Price & News

$99.12
-1.42 (-1.41%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$99.06
$101.48
50-Day Range
$98.70
$109.99
52-Week Range
$68.39
$110.83
Volume
5.91 million shs
Average Volume
6.28 million shs
Market Capitalization
$113.92 billion
P/E Ratio
34.54
Dividend Yield
2.14%
Price Target
$108.74

Starbucks MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
9.7% Upside
$108.74 Price Target
Short Interest
Healthy
1.05% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.84
Upright™ Environmental Score
News Sentiment
0.22mentions of Starbucks in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$820,706 Sold Last Quarter
Proj. Earnings Growth
19.94%
From $3.41 to $4.09 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Retail/Wholesale Sector

60th out of 207 stocks

Eating & Drinking Places Industry

2nd out of 5 stocks


SBUX stock logo

About Starbucks (NASDAQ:SBUX) Stock

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.

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SBUX Stock News Headlines

Starbucks workers protest before annual shareholder meeting
Starbucks workers and their supporters rallied outside the company’s Seattle headquarters Wednesday to protest what they describe as union-busting efforts by executives
Starbucks new CEO Laxman Narasimhan takes his seat
Starbucks officially has a new CEO
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Olive oil in coffee? New Starbucks line a curiosity in Italy
Putting olive oil in coffee is hardly a tradition in Italy, but that didn’t stop Starbucks interim CEO Howard Schultz from launching a series of beverages doing just that in Milan
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Want Monthly Income? Here's 3 Dividend Stocks That Pay Monthly (SBUX)
Dividend stocks come in all shapes and sizes. They all share the objective of providing income to their investors. Dividend stocks can provide
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Chick-fil-A Dropping a Key Menu Item
Best Independent Coffee Shop in Every State
New Starbucks CEO Takes Over From Howard Schultz
See More Headlines
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SBUX Company Calendar

Last Earnings
2/02/2023
Ex-Dividend for 2/24 Dividend
2/09/2023
Dividend Payable
2/24/2023
Today
3/22/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Eating & drinking places
Sub-Industry
Restaurants
Current Symbol
NASDAQ:SBUX
CUSIP
85524410
Employees
402,000
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$108.74
High Stock Price Forecast
$136.00
Low Stock Price Forecast
$87.00
Forecasted Upside/Downside
+8.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
24 Analysts

Profitability

Net Income
$3.28 billion
Pretax Margin
13.08%

Debt

Sales & Book Value

Annual Sales
$32.25 billion
Cash Flow
$4.40 per share
Book Value
($7.58) per share

Miscellaneous

Outstanding Shares
1,149,300,000
Free Float
1,126,544,000
Market Cap
$115.54 billion
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Howard D. SchultzHoward D. Schultz
    President, Chief Executive Officer & Director
  • Laxman Narasimhan
    Chief Executive Officer-Elect
  • Denise Nelsen
    Senior Vice President-US Operations
  • Debbie Stroud
    Senior Vice President-US Operations
  • Rachel Marie Ruggeri
    Executive VP, Chief Financial & Accounting Officer













SBUX Stock - Frequently Asked Questions

Should I buy or sell Starbucks stock right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Starbucks in the last year. There are currently 12 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBUX shares.
View SBUX analyst ratings
or view top-rated stocks.

What is Starbucks' stock price forecast for 2023?

24 Wall Street analysts have issued 12 month price targets for Starbucks' shares. Their SBUX share price forecasts range from $87.00 to $136.00. On average, they expect the company's stock price to reach $108.74 in the next year. This suggests a possible upside of 8.5% 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 2023?

Starbucks' stock was trading at $99.20 at the beginning of 2023. Since then, SBUX stock has increased by 1.0% and is now trading at $100.21.
View the best growth stocks for 2023 here
.

When is Starbucks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our SBUX earnings forecast
.

How were Starbucks' earnings last quarter?

Starbucks Co. (NASDAQ:SBUX) released its earnings results on Thursday, February, 2nd. The coffee company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by $0.02. The coffee company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.78 billion. Starbucks had a negative trailing twelve-month return on equity of 39.78% and a net margin of 10.09%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share.
Read the conference call transcript
.

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

Starbucks declared a quarterly dividend on Wednesday, November 30th. Investors of record on Friday, February 10th will be given a dividend of $0.53 per share on Friday, February 24th. This represents a $2.12 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for SBUX
.

Is Starbucks a good dividend stock?

Starbucks (NASDAQ:SBUX) pays an annual dividend of $2.12 per share and currently has a dividend yield of 2.15%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBUX will have a dividend payout ratio of 51.83% 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 on Thursday, April 9th 2015. The 2-1 split was announced on Wednesday, March 18th 2015. The newly minted shares were distributed 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 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of $3.40-$3.40 for the period, compared to the consensus earnings per share estimate of $3.45. The company issued revenue guidance of $35.48 billion-$36.12 billion, compared to the consensus revenue estimate of $36.06 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).

What is Starbucks' stock symbol?

Starbucks trades on the NASDAQ under the ticker symbol "SBUX."

Who are Starbucks' major shareholders?

Starbucks' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (2.32%), Geode Capital Management LLC (1.84%), Norges Bank (1.07%), Charles Schwab Investment Management Inc. (0.90%), Fisher Asset Management LLC (0.89%) and Moneta Group Investment Advisors LLC (0.74%). Insiders that own company stock include Angela Lis, Clara Shih, Gina Woods, Howard D Schultz, Javier G Teruel, Jill Walker, John Culver, Joshua Cooper Ramo, Kevin R Johnson, Kevin R Johnson, Mellody L Hobson, Michael Aaron Conway, Myron E Ullman III, Myron E Ullman III, Rachel A Gonzalez, Rachel Ruggeri 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Starbucks' stock price today?

One share of SBUX stock can currently be purchased for approximately $100.21.

How much money does Starbucks make?

Starbucks (NASDAQ:SBUX) has a market capitalization of $115.17 billion and generates $32.25 billion in revenue each year. The coffee company earns $3.28 billion in net income (profit) each year or $2.87 on an earnings per share basis.

How many employees does Starbucks have?

The company employs 402,000 workers across the globe.

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
How can I contact Starbucks?

Starbucks' mailing address is 2401 UTAH AVENUE SOUTH, SEATTLE WA, 98134. The official website for the company is www.starbucks.com. The coffee company can be reached via phone at (206) 447-1575, via email at investorrelations@starbucks.com, or via fax at 206-318-3432.

This page (NASDAQ:SBUX) was last updated on 3/22/2023 by MarketBeat.com Staff