Starbucks Corporation (NASDAQ:SBUX) Receives $103.81 Consensus PT from Brokerages

Shares of Starbucks Corporation (NASDAQ:SBUXGet Free Report) have received a consensus recommendation of “Hold” from the twenty-nine research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $103.0741.

SBUX has been the subject of a number of research analyst reports. New Street Research set a $90.00 target price on Starbucks in a research note on Tuesday, January 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Starbucks in a research note on Friday, January 30th. Zacks Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. DA Davidson started coverage on Starbucks in a research report on Friday, March 6th. They set a “neutral” rating and a $97.00 price objective for the company. Finally, Royal Bank Of Canada cut shares of Starbucks from an “outperform” rating to a “sector perform” rating and set a $105.00 target price on the stock. in a report on Tuesday, March 17th.

Get Our Latest Stock Report on SBUX

Insider Activity

In other news, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the transaction, the executive vice president directly owned 59,609 shares in the company, valued at approximately $5,789,226.08. This trade represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brady Brewer sold 588 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $100.00, for a total value of $58,800.00. Following the transaction, the chief executive officer directly owned 86,017 shares of the company’s stock, valued at approximately $8,601,700. This trade represents a 0.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,729 shares of company stock worth $460,974 in the last three months. 0.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SBUX. Transce3nd LLC lifted its position in Starbucks by 270.3% in the 2nd quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Collier Financial purchased a new position in shares of Starbucks in the third quarter worth $25,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Starbucks in the fourth quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in shares of Starbucks during the fourth quarter valued at $25,000. Finally, Phillip James Consulting Co. bought a new position in shares of Starbucks during the fourth quarter valued at $25,000. Institutional investors own 72.29% of the company’s stock.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $90.37 on Friday. Starbucks has a 1 year low of $75.50 and a 1 year high of $104.82. The stock has a market capitalization of $102.96 billion, a P/E ratio of 74.69, a P/E/G ratio of 2.02 and a beta of 0.95. The company’s 50-day moving average is $95.54 and its 200 day moving average is $88.91.

Starbucks (NASDAQ:SBUXGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company had revenue of $9.92 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the business earned $0.69 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. Research analysts anticipate that Starbucks will post 2.99 earnings per share for the current year.

Starbucks Company Profile

(Get Free Report)

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.

Further Reading

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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