Starbucks Co. (NASDAQ:SBUX) Receives Average Recommendation of “Moderate Buy” from Analysts

Starbucks Co. (NASDAQ:SBUX) has earned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $100.08.

A number of equities analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a $98.00 price target on shares of Starbucks in a research report on Wednesday, July 31st. Barclays increased their price target on Starbucks from $93.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Robert W. Baird raised shares of Starbucks from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $81.00 to $110.00 in a research report on Tuesday, August 13th. DZ Bank cut shares of Starbucks from a “hold” rating to a “sell” rating and set a $85.00 target price for the company. in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Starbucks from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th.

Insider Activity at Starbucks

In other news, Director Jorgen Vig Knudstorp purchased 380 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $91.50 per share, with a total value of $34,770.00. Following the acquisition, the director now directly owns 36,242 shares in the company, valued at $3,316,143. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the sale, the chief executive officer now owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jorgen Vig Knudstorp purchased 380 shares of Starbucks stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the acquisition, the director now owns 36,242 shares in the company, valued at $3,316,143. The disclosure for this purchase can be found here. 1.98% of the stock is owned by company insiders.

Institutional Trading of Starbucks

A number of institutional investors have recently made changes to their positions in SBUX. Cox Capital Mgt LLC boosted its stake in Starbucks by 41.9% during the first quarter. Cox Capital Mgt LLC now owns 45,322 shares of the coffee company’s stock worth $4,142,000 after buying an additional 13,372 shares during the period. Brevan Howard Capital Management LP purchased a new position in Starbucks during the 4th quarter worth approximately $2,781,000. Sanibel Captiva Trust Company Inc. acquired a new position in shares of Starbucks in the 4th quarter valued at about $31,246,000. Fidelis Capital Partners LLC increased its holdings in shares of Starbucks by 18.7% during the 1st quarter. Fidelis Capital Partners LLC now owns 11,116 shares of the coffee company’s stock valued at $1,016,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC purchased a new stake in Starbucks in the 4th quarter worth $4,048,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 0.9 %

SBUX opened at $96.05 on Monday. The stock has a market capitalization of $108.84 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.31 and a beta of 0.96. The firm’s fifty day simple moving average is $86.67 and its 200 day simple moving average is $83.99. Starbucks has a 12 month low of $71.55 and a 12 month high of $107.66.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the company earned $1.00 EPS. Starbucks’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts predict that Starbucks will post 3.56 EPS for the current fiscal year.

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.