Jefferies Financial Group Equities Analysts Decrease Earnings Estimates for Starbucks Co. (SBUX)

Starbucks Co. (NASDAQ:SBUX) – Analysts at Jefferies Financial Group lowered their Q2 2019 earnings per share (EPS) estimates for shares of Starbucks in a research report issued to clients and investors on Friday, November 30th. Jefferies Financial Group analyst A. Barish now expects that the coffee company will post earnings per share of $0.54 for the quarter, down from their previous forecast of $0.55. Jefferies Financial Group currently has a “Buy” rating and a $76.00 price target on the stock.

Several other analysts have also commented on SBUX. BidaskClub upgraded shares of Starbucks from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $70.00 target price (up from $66.00) on shares of Starbucks in a report on Monday. Piper Jaffray Companies lifted their target price on shares of Starbucks from $53.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Royal Bank of Canada lifted their target price on shares of Starbucks to $68.00 and gave the company a “positive” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research reiterated a “buy” rating and set a $66.00 target price on shares of Starbucks in a report on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $65.34.

Shares of SBUX opened at $66.65 on Monday. 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 has a one year low of $47.37 and a one year high of $68.98. The stock has a market capitalization of $82.77 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 1.87 and a beta of 0.51.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, November 1st. The coffee company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business posted $0.55 earnings per share. Starbucks’s quarterly revenue was up 10.6% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Archford Capital Strategies LLC grew its position in Starbucks by 669.7% in 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 during the period. Polaris Greystone Financial Group LLC bought a new stake in Starbucks in the 3rd quarter worth approximately $107,000. Fort L.P. bought a new stake in Starbucks in the 2nd quarter worth approximately $112,000. Point72 Hong Kong Ltd bought a new stake in Starbucks in the 2nd quarter worth approximately $115,000. Finally, RPg Family Wealth Advisory LLC grew its position in Starbucks by 155.6% in 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 during the period. 76.07% of the stock is owned by institutional investors.

In related news, Director Myron E. Ullman III sold 99,166 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total transaction of $5,459,088.30. Following the completion of the sale, the director now owns 29,000 shares of the company’s stock, valued at $1,596,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.48% of the stock is owned by company insiders.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Wednesday, November 14th. Starbucks’s dividend payout ratio (DPR) is currently 59.50%.

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.

See Also: Return on Investment (ROI)

Earnings History and Estimates for Starbucks (NASDAQ:SBUX)

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