Shares of Starbucks Co. (NASDAQ:SBUX) have been given a consensus recommendation of “Hold” by the thirty-one brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eighteen have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $91.64.
A number of analysts have recently issued reports on the company. Cowen set a $93.00 price objective on Starbucks and gave the company a “hold” rating in a research report on Monday, September 23rd. Wedbush reaffirmed a “neutral” rating on shares of Starbucks in a research report on Thursday, October 31st. ValuEngine cut Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub raised Starbucks from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Weeden reaffirmed a “neutral” rating on shares of Starbucks in a research report on Friday, November 1st.
In other Starbucks news, CAO Jill Walker sold 2,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $86.47, for a total transaction of $172,940.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Myron E. Ullman III sold 4,252 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $88.12, for a total value of $374,686.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,207 shares of company stock valued at $3,072,954. 3.98% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. 1 North Wealth Services LLC bought a new position in shares of Starbucks in the 3rd quarter valued at $30,000. Sound Income Strategies LLC increased its stake in shares of Starbucks by 209.0% in the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the coffee company’s stock valued at $30,000 after purchasing an additional 232 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Starbucks by 246.6% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 402 shares of the coffee company’s stock valued at $36,000 after purchasing an additional 286 shares during the last quarter. CenterStar Asset Management LLC bought a new position in shares of Starbucks in the 3rd quarter valued at $39,000. Finally, Wealthcare Capital Management LLC bought a new position in shares of Starbucks in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 69.94% of the company’s stock.
SBUX stock opened at $87.86 on Friday. The business has a 50 day moving average price of $86.75 and a two-hundred day moving average price of $88.81. The company has a market cap of $104.08 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.22 and a beta of 0.51. Starbucks has a twelve month low of $61.67 and a twelve month high of $99.72.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.70 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.70. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.68 billion. Starbucks had a negative return on equity of 75.45% and a net margin of 13.58%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. On average, equities analysts forecast that Starbucks will post 3.05 EPS for the current fiscal year.
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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