DA Davidson Initiates Coverage on Starbucks (NASDAQ:SBUX)

Stock analysts at DA Davidson started coverage on shares of Starbucks (NASDAQ:SBUX) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $97.00 price target on the coffee company’s stock. DA Davidson’s target price would indicate a potential downside of 2.01% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on SBUX. New Street Research set a $90.00 target price on shares of Starbucks in a research report on Tuesday, January 27th. Bank of America set a $114.00 price objective on shares of Starbucks in a research note on Wednesday, January 21st. BTIG Research restated a “buy” rating and set a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. Wall Street Zen raised shares of Starbucks from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Zacks Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Seventeen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and a consensus target price of $104.22.

Starbucks Trading Up 0.3%

Starbucks stock opened at $98.99 on Friday. The company has a market capitalization of $112.78 billion, a price-to-earnings ratio of 81.81, a PEG ratio of 2.21 and a beta of 0.93. Starbucks has a 12 month low of $75.50 and a 12 month high of $106.86. The stock’s 50 day moving average is $93.71 and its 200-day moving average is $87.88.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities research analysts predict that Starbucks will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Starbucks

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after purchasing an additional 81,952 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Starbucks by 47.0% in the second 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 in the last quarter. Atlantic Union Bankshares Corp grew its position in Starbucks by 58.9% in the second quarter. Atlantic Union Bankshares Corp now owns 62,544 shares of the coffee company’s stock valued at $5,731,000 after acquiring an additional 23,173 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Starbucks by 5.5% during the second quarter. Resona Asset Management Co. Ltd. now owns 370,272 shares of the coffee company’s stock worth $33,955,000 after acquiring an additional 19,288 shares in the last quarter. Finally, HORAN Wealth LLC acquired a new position in Starbucks during the second quarter worth about $210,000. 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.