Starbucks Co. (NASDAQ:SBUX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Starbucks Co. (NASDAQ:SBUX) have been assigned a consensus rating of “Moderate Buy” from the twenty-eight analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $102.44.

Several equities analysts have recently issued reports on the stock. BTIG Research boosted their price target on shares of Starbucks from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised Starbucks from a “hold” rating to a “buy” rating and boosted their target price for the company from $85.00 to $118.00 in a research note on Wednesday, August 14th. Jefferies Financial Group lowered Starbucks from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $80.00 to $76.00 in a research report on Tuesday, September 24th. Citigroup boosted their price objective on Starbucks from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley increased their target price on Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday.

Starbucks Trading Down 0.2 %

NASDAQ:SBUX opened at $95.27 on Friday. The firm has a market capitalization of $107.96 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.08 and a beta of 0.97. Starbucks has a 1-year low of $71.55 and a 1-year high of $107.66. The business’s 50-day moving average price is $94.47 and its two-hundred day moving average price is $84.69.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. Starbucks’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. Sell-side analysts predict that Starbucks will post 3.55 earnings per share for the current year.

Insider Buying and Selling at Starbucks

In other Starbucks news, Director Jorgen Vig Knudstorp purchased 380 shares of Starbucks stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Starbucks news, Director Jorgen Vig Knudstorp purchased 380 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $91.50 per share, with a total value of $34,770.00. Following the acquisition, the director now directly owns 36,242 shares of the company’s stock, valued at $3,316,143. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the chief executive officer now directly owns 75,054 shares in the company, valued at $7,057,327.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its stake in Starbucks by 6.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 86,276 shares of the coffee company’s stock worth $8,411,000 after purchasing an additional 4,942 shares in the last quarter. Trust Point Inc. raised its position in shares of Starbucks by 10.4% in the third quarter. Trust Point Inc. now owns 9,779 shares of the coffee company’s stock valued at $953,000 after buying an additional 924 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Starbucks by 59.9% in the third quarter. Aaron Wealth Advisors LLC now owns 6,330 shares of the coffee company’s stock valued at $617,000 after buying an additional 2,372 shares in the last quarter. Stonegate Investment Group LLC grew its position in Starbucks by 2.7% during the third quarter. Stonegate Investment Group LLC now owns 71,413 shares of the coffee company’s stock worth $6,962,000 after buying an additional 1,911 shares in the last quarter. Finally, Claro Advisors LLC increased its stake in Starbucks by 35.8% during the 3rd quarter. Claro Advisors LLC now owns 16,955 shares of the coffee company’s stock worth $1,653,000 after acquiring an additional 4,474 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

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.