Starbucks Corporation (NASDAQ:SBUX) Receives $104.31 Consensus Target Price from Brokerages

Starbucks Corporation (NASDAQ:SBUX) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $104.2222.

A number of equities analysts recently commented on SBUX shares. BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of Starbucks in a report on Friday, January 30th. Wall Street Zen upgraded shares of Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. DA Davidson assumed coverage on shares of Starbucks in a report on Friday. They issued a “neutral” rating and a $97.00 price objective for the company. UBS Group reaffirmed a “neutral” rating on shares of Starbucks in a research report on Friday, January 30th. Finally, Barclays set a $116.00 target price on shares of Starbucks and gave the company an “overweight” rating in a research note on Friday, January 30th.

Starbucks Trading Down 0.9%

Starbucks stock opened at $98.05 on Monday. The firm has a market cap of $111.71 billion, a P/E ratio of 81.03, a P/E/G ratio of 2.21 and a beta of 0.93. Starbucks has a 1-year low of $75.50 and a 1-year high of $106.00. The firm has a 50-day moving average of $93.71 and a 200-day moving average of $87.87.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The business had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s revenue for the quarter 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 forecast that Starbucks will post 2.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock worth $16,126,000 after buying an additional 81,952 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Starbucks by 47.0% in the second quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock worth $334,000 after acquiring an additional 1,164 shares in the last quarter. Nicholas Company Inc. boosted its holdings in Starbucks by 17.8% in the second quarter. Nicholas Company Inc. now owns 656,365 shares of the coffee company’s stock worth $60,143,000 after acquiring an additional 99,305 shares in the last quarter. iA Global Asset Management Inc. grew its stake in shares of Starbucks by 0.7% in the second quarter. iA Global Asset Management Inc. now owns 125,870 shares of the coffee company’s stock worth $11,533,000 after acquiring an additional 833 shares during the last quarter. Finally, Carson Advisory Inc. grew its stake in shares of Starbucks by 56.4% in the second quarter. Carson Advisory Inc. now owns 5,099 shares of the coffee company’s stock worth $467,000 after acquiring an additional 1,838 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

About Starbucks

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.