Stifel Nicolaus Lowers Starbucks (NASDAQ:SBUX) Price Target to $103.00

Starbucks (NASDAQ:SBUX) had its price objective decreased by Stifel Nicolaus from $114.00 to $103.00 in a report released on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the coffee company’s stock.

Several other brokerages also recently weighed in on SBUX. Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Citigroup cut their target price on shares of Starbucks from $100.00 to $88.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Robert W. Baird restated a “neutral” rating and issued a $85.00 price target (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Finally, Jefferies Financial Group upgraded shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 target price for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $104.24.

Starbucks Stock Down 2.1 %

Shares of SBUX stock opened at $83.71 on Tuesday. The business’s 50 day moving average is $101.07 and its two-hundred day moving average is $98.60. Starbucks has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a market cap of $95.09 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the prior year, the firm posted $0.90 EPS. As a group, equities analysts expect that Starbucks will post 2.99 EPS for the current fiscal year.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.61 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.44 annualized dividend and a yield of 2.91%. Starbucks’s payout ratio is 78.71%.

Institutional Trading of Starbucks

Several large investors have recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. acquired a new position in Starbucks during the 4th quarter worth about $25,000. Financial Life Planners bought a new position in shares of Starbucks in the fourth quarter worth about $25,000. Graney & King LLC acquired a new position in shares of Starbucks during the fourth quarter worth approximately $26,000. Collier Financial bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $27,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Company Profile

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.