Starbucks Co. (SBUX) Receives $65.06 Average Target Price from Analysts

Shares of Starbucks Co. (NASDAQ:SBUX) have been assigned an average rating of “Buy” from the thirty-two analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $65.78.

SBUX has been the topic of a number of research analyst reports. Bank of America increased their price target on Starbucks from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, October 10th. BidaskClub upgraded Starbucks from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. KeyCorp restated a “buy” rating on shares of Starbucks in a research note on Thursday, October 4th. ValuEngine upgraded Starbucks from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Finally, UBS Group set a $72.00 price target on Starbucks and gave the company a “buy” rating in a research note on Friday, November 2nd.

Shares of Starbucks stock traded down $0.20 on Thursday, reaching $67.30. 427,438 shares of the company were exchanged, compared to its average volume of 13,132,187. Starbucks has a one year low of $47.37 and a one year high of $68.98. The stock has a market cap of $82.77 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.87 and a beta of 0.51. The company has a quick ratio of 1.95, a current ratio of 2.20 and a debt-to-equity ratio of 7.73.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 1st. The coffee company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a return on equity of 86.33% and a net margin of 18.28%. The company had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts expect that Starbucks will post 2.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, November 14th. Starbucks’s dividend payout ratio is 59.50%.

In other Starbucks news, Director Myron E. Ullman III sold 99,166 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $55.05, for a total value of $5,459,088.30. Following the transaction, the director now directly owns 29,000 shares of the company’s stock, valued at approximately $1,596,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.48% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its holdings in shares of Starbucks by 669.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,186 shares of the coffee company’s stock worth $107,000 after purchasing an additional 1,902 shares in the last quarter. Polaris Greystone Financial Group LLC acquired a new stake in shares of Starbucks during the 3rd quarter worth $107,000. Fort L.P. acquired a new stake in shares of Starbucks during the 2nd quarter worth $112,000. Point72 Hong Kong Ltd acquired a new stake in shares of Starbucks during the 2nd quarter worth $115,000. Finally, RPg Family Wealth Advisory LLC grew its holdings in shares of Starbucks by 155.6% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 2,748 shares of the coffee company’s stock worth $134,000 after purchasing an additional 1,673 shares in the last quarter. 76.07% of the stock is currently owned by institutional investors.

Starbucks Company Profile

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 coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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