Starbucks Corporation (NASDAQ:SBUX) Receives $107.48 Consensus Target Price from Analysts

Shares of Starbucks Corporation (NASDAQ:SBUX) have been assigned a consensus rating of “Moderate Buy” from the thirty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $107.4828.

SBUX has been the topic of a number of research reports. DA Davidson raised their target price on shares of Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. TD Cowen raised shares of Starbucks from a “hold” rating to a “buy” rating and raised their target price for the stock from $106.00 to $120.00 in a research note on Thursday, May 14th. JPMorgan Chase & Co. raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Robert W. Baird raised their target price on shares of Starbucks from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada lowered shares of Starbucks from a “sector perform” rating to a “positive” rating in a research note on Thursday, May 14th.

Starbucks Price Performance

SBUX opened at $106.50 on Friday. The company’s 50 day simple moving average is $98.55 and its two-hundred day simple moving average is $92.87. Starbucks has a 1-year low of $77.99 and a 1-year high of $108.88. The firm has a market capitalization of $121.38 billion, a price-to-earnings ratio of 80.68, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period last year, the company posted $0.41 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities analysts anticipate that Starbucks will post 2.42 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 15th. Starbucks’s payout ratio is presently 187.88%.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks completed a cash tender offer, which helps refine its debt profile and may improve financial flexibility. Starbucks Completes Cash Tender Offer, Refines Debt Profile
• Positive Sentiment: Investors continue to focus on Starbucks’ “Back to Starbucks” turnaround efforts, including cost cuts and operational simplification, which can support longer-term margin improvement. Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
• Neutral Sentiment: Starbucks shares were described as holding steady while the market digested the company’s $400 million restructuring hit, suggesting investors are still evaluating whether the long-term savings justify the near-term charge. Starbucks Shares Hold Steady As Investors Continue To Digest $400 Million Restructuring Hit
• Negative Sentiment: New reports said Starbucks’ plastic cups marketed as recyclable often end up in trash rather than recycling facilities, adding reputational and ESG pressure. US group says Starbucks plastic cups marked recyclable end up in trash
• Negative Sentiment: Starbucks Korea’s chief was fired after the “Tank Day” promotion triggered backlash, underscoring execution and brand-safety risks for the company internationally. Starbucks Korea head fired after ‘Tank Day’ promotion sparks public uproar

Insider Activity at Starbucks

In other news, EVP Sara Kelly sold 2,000 shares of Starbucks stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president owned 57,653 shares of the company’s stock, valued at approximately $6,053,565. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the sale, the chief executive officer directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. The trade was a 2.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 11,187 shares of company stock worth $1,111,085. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Starbucks

Several institutional investors have recently made changes to their positions in SBUX. Brighton Jones LLC raised its position in shares of Starbucks by 86.5% during the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after buying an additional 81,952 shares during the period. Schnieders Capital Management LLC. raised its position in shares of Starbucks by 47.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 3,642 shares of the coffee company’s stock valued at $334,000 after buying an additional 1,164 shares during the period. Flow Traders U.S. LLC purchased a new stake in Starbucks in the second quarter valued at approximately $288,000. Gamco Investors INC. ET AL raised its position in Starbucks by 92.8% in the second quarter. Gamco Investors INC. ET AL now owns 5,225 shares of the coffee company’s stock valued at $479,000 after purchasing an additional 2,515 shares during the period. Finally, NewEdge Advisors LLC raised its position in Starbucks by 7.6% in the second quarter. NewEdge Advisors LLC now owns 112,710 shares of the coffee company’s stock valued at $10,328,000 after purchasing an additional 7,978 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.