Starbucks Co. (NASDAQ:SBUX) Given Average Rating of “Hold” by Brokerages
Starbucks Co. (NASDAQ:SBUX) has received a consensus recommendation of “Hold” from the twenty-nine analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $75.38.
A number of equities analysts have recently issued reports on SBUX shares. BidaskClub downgraded Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 12th. UBS Group downgraded Starbucks from a “buy” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $78.00 in a research report on Monday, April 8th. Piper Jaffray Companies upped their price target on Starbucks from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Mizuho set a $75.00 price target on Starbucks and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Wedbush reaffirmed a “hold” rating and set a $70.00 price target on shares of Starbucks in a research report on Thursday, April 18th.
In other Starbucks news, EVP Lucy Lee Helm sold 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $83.00, for a total transaction of $830,000.00. Following the sale, the executive vice president now directly owns 113,455 shares of the company’s stock, valued at approximately $9,416,765. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Culver sold 63,937 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $78.04, for a total value of $4,989,643.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,910 shares of company stock worth $6,578,788. 3.98% of the stock is owned by insiders.
Shares of SBUX stock traded down $1.09 during trading hours on Monday, reaching $83.15. 516,197 shares of the company’s stock were exchanged, compared to its average volume of 8,251,499. The business’s 50 day moving average price is $78.32. The stock has a market cap of $102.03 billion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 2.36 and a beta of 0.50. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 7.73. Starbucks has a fifty-two week low of $47.37 and a fifty-two week high of $84.61.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, April 25th. The coffee company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Starbucks had a negative return on equity of 494.61% and a net margin of 11.87%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts forecast that Starbucks will post 2.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Thursday, May 9th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, May 8th. Starbucks’s payout ratio is 59.50%.
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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