Research Analysts Set Expectations for Starbucks Co.’s FY2022 Earnings (NASDAQ:SBUX)

Starbucks Co. (NASDAQ:SBUXGet Rating) – Stock analysts at Jefferies Financial Group upped their FY2022 earnings estimates for Starbucks in a research note issued on Tuesday, August 2nd. Jefferies Financial Group analyst A. Barish now expects that the coffee company will post earnings per share of $2.85 for the year, up from their prior forecast of $2.76. The consensus estimate for Starbucks’ current full-year earnings is $2.85 per share.

Starbucks (NASDAQ:SBUXGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The coffee company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Starbucks had a net margin of 13.03% and a negative return on equity of 47.28%. During the same quarter in the previous year, the business earned $1.01 EPS.

A number of other brokerages have also recently weighed in on SBUX. Evercore ISI raised shares of Starbucks from an “in-line” rating to an “outperform” rating and set a $95.00 price target on the stock in a research report on Wednesday, May 4th. BMO Capital Markets cut their price objective on shares of Starbucks from $115.00 to $105.00 in a research report on Wednesday, May 4th. Credit Suisse Group cut their price objective on shares of Starbucks from $122.00 to $103.00 in a research report on Wednesday, May 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of Starbucks in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Starbucks from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.92.

Starbucks Stock Down 1.3 %

Shares of NASDAQ SBUX opened at $85.73 on Friday. The company’s fifty day moving average is $78.88 and its 200-day moving average is $83.14. The stock has a market cap of $98.32 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.73 and a beta of 0.95. Starbucks has a twelve month low of $68.39 and a twelve month high of $120.76.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, August 11th. Starbucks’s dividend payout ratio (DPR) is presently 55.21%.

Insider Transactions at Starbucks

In related news, CEO Howard D. Schultz acquired 72,500 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $68.85 per share, for a total transaction of $4,991,625.00. Following the transaction, the chief executive officer now directly owns 19,606,960 shares in the company, valued at $1,349,939,196. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Howard D. Schultz acquired 72,500 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $68.85 per share, for a total transaction of $4,991,625.00. Following the transaction, the chief executive officer now directly owns 19,606,960 shares in the company, valued at $1,349,939,196. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Howard D. Schultz acquired 137,500 shares of the stock in a transaction that occurred on Tuesday, May 10th. The shares were bought at an average price of $72.67 per share, with a total value of $9,992,125.00. Following the completion of the transaction, the chief executive officer now owns 19,534,460 shares in the company, valued at $1,419,569,208.20. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Starbucks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Financial Group LLC acquired a new position in Starbucks in the 4th quarter valued at approximately $25,000. PYA Waltman Capital LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Rational Advisors LLC increased its position in shares of Starbucks by 141.4% during the fourth quarter. Rational Advisors LLC now owns 210 shares of the coffee company’s stock worth $25,000 after buying an additional 123 shares during the period. Guardian Wealth Management Inc. acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Finally, Bromfield Sneider Wealth Advisors acquired a new stake in shares of Starbucks during the first quarter worth $25,000. 69.21% of the stock is currently owned by institutional investors and hedge funds.

About Starbucks

(Get Rating)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.

Further Reading

Earnings History and Estimates for Starbucks (NASDAQ:SBUX)

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