Starbucks Co. (NASDAQ:SBUX) Receives $105.12 Consensus Target Price from Analysts

Starbucks Co. (NASDAQ:SBUX) has been assigned an average rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $104.68.

Several research analysts have recently commented on the company. Jefferies Financial Group raised Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price on the stock in a report on Wednesday, April 9th. Barclays increased their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, March 18th. UBS Group increased their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th.

Starbucks Stock Performance

Shares of SBUX stock opened at $85.43 on Friday. The firm has a fifty day moving average of $102.16 and a 200-day moving average of $98.79. Starbucks has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a market cap of $97.04 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the business earned $0.90 earnings per share. On average, sell-side analysts predict that Starbucks will post 2.99 earnings per share for the current year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.44 annualized dividend and a dividend yield of 2.86%. Starbucks’s dividend payout ratio is 78.71%.

Institutional Investors Weigh In On Starbucks

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBUX. Godsey & Gibb Inc. lifted its position in shares of Starbucks by 20.5% during the 1st quarter. Godsey & Gibb Inc. now owns 741 shares of the coffee company’s stock worth $73,000 after buying an additional 126 shares during the last quarter. WealthBridge Investment Counsel Inc. raised its stake in Starbucks by 0.6% during the first quarter. WealthBridge Investment Counsel Inc. now owns 72,368 shares of the coffee company’s stock worth $7,099,000 after acquiring an additional 400 shares in the last quarter. AAFMAA Wealth Management & Trust LLC lifted its holdings in shares of Starbucks by 3.8% in the first quarter. AAFMAA Wealth Management & Trust LLC now owns 16,349 shares of the coffee company’s stock worth $1,604,000 after acquiring an additional 596 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in shares of Starbucks by 7.1% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 69,743 shares of the coffee company’s stock valued at $6,841,000 after purchasing an additional 4,631 shares in the last quarter. Finally, Radnor Capital Management LLC grew its holdings in shares of Starbucks by 70.1% during the 1st quarter. Radnor Capital Management LLC now owns 18,545 shares of the coffee company’s stock valued at $1,819,000 after purchasing an additional 7,640 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.