2 weeks Ago By Defense World Staff
Starbucks (NASDAQ:SBUX – Free Report) had its price objective lowered by Barclays from $124.00 to $106.00 in a research report released on Tuesday morning, Marketbeat Ratings reports.
The firm currently has an overweight rating on the coffee company’s stock.A number of other research analysts also recently issued reports on SBUX. Stifel Nicolaus dropped their price target on Starbucks from $114.
00 to $103.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets lifted their target price on shares of Starbucks from $110.
00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.
00 price target for the company in a research note on Wednesday, April 9th. Wells Fargo & Company dropped their price objective on shares of Starbucks from $125.00 to $100.
00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Baird R W downgraded shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock.
According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.00.
Get Our Latest Report on StarbucksStarbucks Trading Up 1.3 %Shares of NASDAQ:SBUX opened at $83.86 on Tuesday.
The firm has a 50 day simple moving average of $96.81 and a 200-day simple moving average of $97.87.
The company has a market capitalization of $95.26 billion, a PE ratio of 27.05, a P/E/G ratio of 3.
59 and a beta of 1.00. Starbucks has a twelve month low of $71.
55 and a twelve month high of $117.46. Starbucks (NASDAQ:SBUX – Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th.
The coffee company reported $0.69 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $0.90 earnings per share.
As a group, equities research analysts predict that Starbucks will post 2.99 EPS for the current fiscal year. Starbucks Dividend AnnouncementThe business also recently declared a quarterly dividend, which will be paid on Friday, May 30th.
Stockholders of record on Friday, May 16th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, May 16th.
This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.91%.
Starbucks’s payout ratio is 78.71%. Institutional Investors Weigh In On StarbucksA number of institutional investors and hedge funds have recently modified their holdings of the company.
Financial Life Planners acquired a new stake in Starbucks in the fourth quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Starbucks in the 4th quarter valued at about $25,000.
Graney & King LLC purchased a new position in Starbucks during the 4th quarter valued at about $26,000. Collier Financial acquired a new position in Starbucks during the fourth quarter worth about $27,000. Finally, Runnymede Capital Advisors Inc.
purchased a new stake in shares of Starbucks in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.
Starbucks Company Profile (Get Free Report)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.
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