Shares of Starbucks Co. (NASDAQ:SBUX) have been given a consensus rating of “Hold” by the thirty-four analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $60.67.
A number of equities research analysts have recently issued reports on SBUX shares. Oppenheimer reaffirmed an “outperform” rating on shares of Starbucks in a report on Friday, April 27th. Vetr cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $60.26 target price on the stock. in a report on Monday, March 12th. JPMorgan Chase & Co. lowered their price target on shares of Starbucks from $64.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, June 21st. Wedbush started coverage on shares of Starbucks in a report on Friday, May 25th. They issued a “positive” rating and a $57.68 price target on the stock. Finally, BidaskClub cut shares of Starbucks from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th.
Shares of SBUX stock traded up $0.37 on Monday, reaching $48.98. The stock had a trading volume of 10,574,115 shares, compared to its average volume of 15,660,968. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.83 and a current ratio of 1.09. The stock has a market cap of $67.08 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.44 and a beta of 0.65. Starbucks has a 12 month low of $47.37 and a 12 month high of $61.94.
Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, April 26th. The coffee company reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.93 billion. Starbucks had a net margin of 18.71% and a return on equity of 60.33%. Starbucks’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. sell-side analysts predict that Starbucks will post 2.4 EPS for the current fiscal year.
Starbucks declared that its Board of Directors has approved a stock buyback program on Thursday, April 26th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the coffee company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Thursday, August 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, August 8th. This is a boost from Starbucks’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a dividend yield of 2.94%. Starbucks’s dividend payout ratio (DPR) is currently 58.25%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bedel Financial Consulting Inc. acquired a new stake in shares of Starbucks during the 1st quarter worth approximately $104,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $107,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $113,000. Gradient Investments LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $117,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Starbucks during the 1st quarter worth approximately $118,000. 72.06% of the stock is currently owned by institutional investors.
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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