Starbucks (NASDAQ:SBUX – Free Report) had its price objective upped by UBS Group from $105.00 to $110.00 in a research note issued to investors on Friday,Benzinga reports. UBS Group currently has a neutral rating on the coffee company’s stock.
Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $126.00 price target (up from $120.00) on shares of Starbucks in a report on Thursday, July 30th. BTIG Research reaffirmed a “buy” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, October 30th. Needham & Company LLC set a $120.00 target price on Starbucks in a research report on Tuesday, August 18th. Gordon Haskett boosted their price target on Starbucks from $110.00 to $118.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Morgan Stanley cut Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. Twenty-one analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $108.89.
Read Our Latest Report on Starbucks
Starbucks Trading Down 0.7%
Starbucks stock traded down $0.75 on Friday, reaching $105.41. 7,780,544 shares of the stock were exchanged, compared to its average volume of 10,129,277. Starbucks has a twelve month low of $81.76 and a twelve month high of $111.50. The firm has a fifty day moving average price of $99.15 and a two-hundred day moving average price of $100.05. The stock has a market cap of $120.17 billion, a PE ratio of 47.70, a PEG ratio of 1.73 and a beta of 1.01.
Starbucks (NASDAQ:SBUX – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. Starbucks had a negative return on equity of 38.61% and a net margin of 6.66%. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same period last year, the business posted $0.52 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. Equities analysts anticipate that Starbucks will post 3.22 EPS for the current fiscal year.
Starbucks Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.4%. This is a boost from Starbucks’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, November 13th. Starbucks’s dividend payout ratio (DPR) is currently 112.22%.
Insider Buying and Selling
In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $105.60, for a total transaction of $235,382.40. Following the completion of the transaction, the chief executive officer owned 73,149 shares in the company, valued at $7,724,534.40. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,458 shares of company stock worth $449,684 in the last three months. 0.03% of the stock is owned by company insiders.
Hedge Funds Weigh In On Starbucks
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its stake in Starbucks by 1.0% during the first quarter. Sunbelt Securities Inc. now owns 9,473 shares of the coffee company’s stock worth $849,000 after acquiring an additional 97 shares in the last quarter. Cypress Capital Management LLC WY grew its holdings in shares of Starbucks by 30.9% in the 2nd quarter. Cypress Capital Management LLC WY now owns 424 shares of the coffee company’s stock worth $43,000 after purchasing an additional 100 shares during the last quarter. Webster Bank N. A. increased its position in shares of Starbucks by 7.8% during the 2nd quarter. Webster Bank N. A. now owns 1,396 shares of the coffee company’s stock worth $143,000 after purchasing an additional 101 shares in the last quarter. Nilsine Partners LLC increased its position in shares of Starbucks by 1.0% during the 2nd quarter. Nilsine Partners LLC now owns 10,039 shares of the coffee company’s stock worth $1,026,000 after purchasing an additional 101 shares in the last quarter. Finally, Beta Wealth Group Inc. lifted its holdings in Starbucks by 1.7% during the 2nd quarter. Beta Wealth Group Inc. now owns 6,216 shares of the coffee company’s stock valued at $635,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.
Starbucks News Summary
Here are the key news stories impacting Starbucks this week:
- Positive Sentiment: U.S. comparable sales rose 7.7% in fiscal Q4, driven by stronger customer traffic and average tickets—evidence of improving business momentum. Starbucks’ U.S. Comps Jump 7.7%: Can Traffic Momentum Last?
- Neutral Sentiment: UBS raised its price target from $105 to $110, implying 4.4% upside from the cited price, but maintained a “neutral” rating—suggesting measured rather than strong conviction. UBS Group stock recommendations
- Negative Sentiment: Investors may question the durability of the sales rebound: transaction growth is slowing, and store closures contributed to the comparison, potentially making the reported improvement harder to sustain. Starbucks’ U.S. Comps Jump 7.7%: Can Traffic Momentum Last?
About Starbucks
Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products.
The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment.
Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.
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