Starbucks’ (SBUX) “Market Perform” Rating Reaffirmed at TD Cowen

Starbucks (NASDAQ:SBUXGet Free Report)‘s stock had its “market perform” rating restated by stock analysts at TD Cowen in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $102.00 price target on the coffee company’s stock. TD Cowen’s price target would suggest a potential upside of 10.15% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Starbucks from $107.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday. Wedbush restated a “neutral” rating and set a $95.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. Stephens restated an “equal weight” rating and set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. Morgan Stanley raised shares of Starbucks from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $112.00 to $120.00 in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $102.00 target price on shares of Starbucks in a report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Starbucks has an average rating of “Hold” and a consensus price target of $110.05.

View Our Latest Stock Analysis on SBUX

Starbucks Price Performance

SBUX opened at $92.60 on Tuesday. The firm has a fifty day moving average price of $93.19 and a 200 day moving average price of $95.37. Starbucks has a 1 year low of $89.21 and a 1 year high of $115.48. The stock has a market cap of $104.84 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.44 and a beta of 0.98.

Starbucks (NASDAQ:SBUXGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. Equities analysts expect that Starbucks will post 4.07 EPS for the current year.

Insider Buying and Selling at Starbucks

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at $7,912,906.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 3,750 shares of company stock valued at $352,508 over the last 90 days. 1.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SBUX. Quilter Plc acquired a new stake in shares of Starbucks during the first quarter worth about $208,530,000. Freedom Wealth Alliance LLC acquired a new stake in shares of Starbucks during the fourth quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Starbucks during the fourth quarter worth about $26,000. Vima LLC acquired a new stake in shares of Starbucks during the fourth quarter worth about $26,000. Finally, DSM Capital Partners LLC acquired a new stake in shares of Starbucks during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 70.13% of the company’s stock.

Starbucks Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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