Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: Americas, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brand names. As of October 29, 2020, it operated approximately 32,000 stores. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
IPO Year: 1992
Exchange: NASDAQ
Website: starbucks.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2024 | $115.00 | Outperform | RBC Capital Mkts |
| 11/13/2024 | $84.00 → $77.00 | Neutral → Sell | Redburn Atlantic |
| 10/17/2024 | $100.00 → $115.00 | Buy | BTIG Research |
| 10/17/2024 | $98.00 → $115.00 | Overweight | Morgan Stanley |
| 9/26/2024 | $92.00 → $115.00 | Mkt Perform → Outperform | Bernstein |
| 9/24/2024 | $80.00 → $76.00 | Hold → Underperform | Jefferies |
| 9/18/2024 | $112.00 → $118.00 | Buy | BofA Securities |
| 8/21/2024 | $85.00 | Hold → Sell | DZ Bank |
| 8/14/2024 | $80.00 → $110.00 | Hold → Buy | Stifel |
| 8/14/2024 | $85.00 → $118.00 | Hold → Buy | Deutsche Bank |
RBC Capital Mkts resumed coverage of Starbucks with a rating of Outperform and set a new price target of $115.00
Redburn Atlantic downgraded Starbucks from Neutral to Sell and set a new price target of $77.00 from $84.00 previously
BTIG Research reiterated coverage of Starbucks with a rating of Buy and set a new price target of $115.00 from $100.00 previously
Morgan Stanley reiterated coverage of Starbucks with a rating of Overweight and set a new price target of $115.00 from $98.00 previously
Bernstein upgraded Starbucks from Mkt Perform to Outperform and set a new price target of $115.00 from $92.00 previously
Jefferies downgraded Starbucks from Hold to Underperform and set a new price target of $76.00 from $80.00 previously
BofA Securities reiterated coverage of Starbucks with a rating of Buy and set a new price target of $118.00 from $112.00 previously
DZ Bank downgraded Starbucks from Hold to Sell and set a new price target of $85.00
Stifel upgraded Starbucks from Hold to Buy and set a new price target of $110.00 from $80.00 previously
Deutsche Bank upgraded Starbucks from Hold to Buy and set a new price target of $118.00 from $85.00 previously
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10-K - STARBUCKS CORP (0000829224) (Filer)
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This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BABA CALL TRADE BULLISH 08/02/24 $79.00 $27.0K 2.4K 1.7K SBUX CALL TRADE B
Deep-pocketed investors have adopted a bullish approach towards Starbucks (NASDAQ:SBUX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SBUX usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Starbucks. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 75% leaning bullish and 8% bearish. Among these notable options, 5 a
Starbucks's (NYSE:SBUX) short percent of float has risen 12.44% since its last report. The company recently reported that it has 25.61 million shares sold short, which is 2.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.05 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Citigroup analyst Jon Tower maintains Starbucks (NASDAQ:SBUX) with a Neutral and lowers the price target from $85 to $80.
BMO Capital analyst Andrew Strelzik maintains Starbucks (NASDAQ:SBUX) with a Outperform and lowers the price target from $120 to $100.
TD Cowen analyst Andrew Charles reiterates Starbucks (NASDAQ:SBUX) with a Hold and maintains $81 price target.
Shares of Starbucks Corporation (NASDAQ:SBUX) are trading higher on Friday following a WSJ report suggesting Elliott Investment Management has taken a significant stake in the coffee giant. What’s Going On: Elliott has reportedly been pushing for changes behind the scenes, aiming to address the challenges Starbucks faces. While the exact size of Elliott’s stake and specific demands remain undisclosed, the discussions suggest potential agreements may be reached soon according to The Wall Street Journal. The company’s recent struggles include increased competition in China, slowing growth in the U.S. and operational challenges such as long wait times and menu-item unavailability. Ear
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Results Reflect Challenged Customer Experience; Management is Developing a Plan to Get Back to Starbucks Q4 Consolidated Net Revenues Down 3% to $9.1 Billion; Frequency Declined Across Customer Segments Q4 GAAP and Non-GAAP EPS of $0.80; Traffic Focused Investments Further Pressured Results Q4 Active U.S. Starbucks® Rewards Membership Totals 33.8 Million, Up 4% Over Prior Year Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAA
Results Reflect Challenged Customer Experience; Management is Developing a Plan to Get Back to Starbucks and Will Provide Insights into Its Plan during the Q4 and Full Fiscal Year 2024 Earnings Call Starbucks Corporation (NASDAQ:SBUX) today reported preliminary financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. For the fourth quarter of fiscal year 2024, global comparable store sales declined 7%, and consolidated net
Recognizing its Fourteenth Consecutive Annual Increase with CAGR of Approximately 20% Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors approved an increase in the company's quarterly cash dividend from $0.57 to $0.61 per share of outstanding Common Stock. This increase will be effective with the dividend payable on November 29, 2024, to shareholders of record on November 15, 2024, and raises the company's annual dividend rate to $2.44 per share. Starbucks initiated its dividend in 2010 at $0.05 per share of outstanding Common Stock, and increased its dividend consecutively each year over the past 14 years at a CAGR of approximately 20%. About Starbucks Sin
Starbucks Corporation (NASDAQ:SBUX) plans to release its fourth quarter and full fiscal year 2024 financial results after market close on Wednesday, October 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, December 13, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 40,000 stores worldwide, the company is the premi
Q3 Consolidated Net Revenues of $9.1 Billion, Down 1%; Up 1% in Constant Currency; Up 6% Over Q2 Q3 GAAP and Non-GAAP EPS of $0.93; Action Plans Partially Offset Continued Headwinds Q3 Active U.S. Starbucks® Rewards Membership Totals 33.8 Million, Up 7% Over Prior Year and Up 3% Over Q2 Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal third quarter ended June 30, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q3 Fiscal 2024 Highlights Global comparable store sales
Starbucks Corporation (NASDAQ:SBUX) plans to release its third quarter fiscal year 2024 financial results after market close on Tuesday, July 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, September 13, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and
Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on August 30, 2024, to shareholders of record on August 16, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup.
Q2 Consolidated Net Revenues Down 2% to $8.6 Billion, Driven by a Complex Operating Environment Q2 GAAP and Non-GAAP EPS of $0.68; Long-Term Strategy Remains Intact Q2 Active U.S. Starbucks® Rewards Membership Totals 32.8 Million, Up 6% Over Prior Year Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal second quarter ended March 31, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q2 Fiscal 2024 Highlights Global comparable store sales declined 4%, driven by a 6% d
Starbucks Corporation (NASDAQ:SBUX) plans to release its second quarter fiscal year 2024 financial results after market close on Tuesday, April 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, June 14, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and
Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on May 31, 2024, to shareholders of record on May 17, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To
Timed with Starbucks holiday launch on November 7, customers in U.S. and Canada company-owned and operated stores will no longer pay extra for customizing their beverage with non-dairy milk – including soymilk, oatmilk, almondmilk and coconutmilk Starbucks (NASDAQ:SBUX) today announced that, starting with the launch of its holiday menu on November 7, the company will no longer charge extra for customizing beverages with a non-dairy milk, making it easier for customers to make their Starbucks beverage their own. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241030786864/en/Starbucks Announces Removal of Extra Charge for Non-Dair
Results Reflect Challenged Customer Experience; Management is Developing a Plan to Get Back to Starbucks Q4 Consolidated Net Revenues Down 3% to $9.1 Billion; Frequency Declined Across Customer Segments Q4 GAAP and Non-GAAP EPS of $0.80; Traffic Focused Investments Further Pressured Results Q4 Active U.S. Starbucks® Rewards Membership Totals 33.8 Million, Up 4% Over Prior Year Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAA
Results Reflect Challenged Customer Experience; Management is Developing a Plan to Get Back to Starbucks and Will Provide Insights into Its Plan during the Q4 and Full Fiscal Year 2024 Earnings Call Starbucks Corporation (NASDAQ:SBUX) today reported preliminary financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. For the fourth quarter of fiscal year 2024, global comparable store sales declined 7%, and consolidated net
Recognizing its Fourteenth Consecutive Annual Increase with CAGR of Approximately 20% Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors approved an increase in the company's quarterly cash dividend from $0.57 to $0.61 per share of outstanding Common Stock. This increase will be effective with the dividend payable on November 29, 2024, to shareholders of record on November 15, 2024, and raises the company's annual dividend rate to $2.44 per share. Starbucks initiated its dividend in 2010 at $0.05 per share of outstanding Common Stock, and increased its dividend consecutively each year over the past 14 years at a CAGR of approximately 20%. About Starbucks Sin
Starbucks Corporation (NASDAQ:SBUX) plans to release its fourth quarter and full fiscal year 2024 financial results after market close on Wednesday, October 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, December 13, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 40,000 stores worldwide, the company is the premi
In collaboration with coffee farmers around the world, Starbucks to scale solutions to ensure the future of coffee for all; adds two new coffee innovation farms located in Guatemala and Costa Rica with future farm investments in Africa and Asia. Investments build on Starbucks work with farmers to help increase productivity on farms, increase profitability for farmers and mitigate the impact of climate change on coffee. Starbucks today announced an expansion of its collaborative coffee innovation network, further connecting farmers from around the world with resources to protect the future of coffee. Building on the groundbreaking global agronomy innovation at Hacienda Alsacia, Starbucks f
WEST PALM BEACH, Fla., Aug. 13, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement from Elliott Managing Partner Jesse Cohn and Partner Marc Steinberg regarding Starbucks Corporation (NYSE:SBUX) (the "Company" or "Starbucks") and its engagement with the Company: Elliott has become one of the largest investors in Starbucks because of our confidence in the long-term value-creation opportunity we see at one of the world's most important brands. Elliott has been engaged with Starbucks' Board over the past two months regardin
Brian Niccol will join Starbucks on September 9, 2024. Mellody Hobson will be lead independent director. Laxman Narasimhan is stepping down as ceo and as a director effective immediately. Rachel Ruggeri will serve as interim ceo. Starbucks (NASDAQ:SBUX) today announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on September 9, 2024. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. Mellody Hobson, Starbucks board chair, will become lead independent director. Niccol currently serves as Chairman and CEO of Chipotle. Since becoming CEO in 2018, Niccol has transformed Chipotle. His
Q3 Consolidated Net Revenues of $9.1 Billion, Down 1%; Up 1% in Constant Currency; Up 6% Over Q2 Q3 GAAP and Non-GAAP EPS of $0.93; Action Plans Partially Offset Continued Headwinds Q3 Active U.S. Starbucks® Rewards Membership Totals 33.8 Million, Up 7% Over Prior Year and Up 3% Over Q2 Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal third quarter ended June 30, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q3 Fiscal 2024 Highlights Global comparable store sales
Starbucks Corporation (NASDAQ:SBUX) plans to release its third quarter fiscal year 2024 financial results after market close on Tuesday, July 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, September 13, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and
WEST PALM BEACH, Fla., Aug. 13, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement from Elliott Managing Partner Jesse Cohn and Partner Marc Steinberg regarding Starbucks Corporation (NYSE:SBUX) (the "Company" or "Starbucks") and its engagement with the Company: Elliott has become one of the largest investors in Starbucks because of our confidence in the long-term value-creation opportunity we see at one of the world's most important brands. Elliott has been engaged with Starbucks' Board over the past two months regardin
Brian Niccol will join Starbucks on September 9, 2024. Mellody Hobson will be lead independent director. Laxman Narasimhan is stepping down as ceo and as a director effective immediately. Rachel Ruggeri will serve as interim ceo. Starbucks (NASDAQ:SBUX) today announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on September 9, 2024. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. Mellody Hobson, Starbucks board chair, will become lead independent director. Niccol currently serves as Chairman and CEO of Chipotle. Since becoming CEO in 2018, Niccol has transformed Chipotle. His
Starbucks Corporation (NASDAQ:SBUX) today announced that leading proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that Starbucks shareholders vote on the WHITE proxy card ONLY "FOR" the Starbucks 11 director nominees in connection with the Company's Annual Meeting of Shareholders, which will take place virtually on March 13, 2024, at 10 a.m. PT. Starbucks partners (employees) have always been the heart of its business and core to its success. The company is committed to building a bridge to a better future for all partners. This critical priority is led by the executive leadership team and overseen by the Board of Directors' Environmental, Partner and Communi
Howard Schultz to retire as director; Starbucks honors Schultz as lifelong Chairman Emeritus, forever inspired by his passion, heart, spirit, and commitment to the power of human connection Elects Wei Zhang to join Board of Directors, bringing more than 20 years of experience in global operations, consumer technology and corporate business development Starbucks Coffee Company (NASDAQ:SBUX) today announced Howard Schultz, the company's modern-day founder and chairman emeritus, will step down from the Board of Directors effective today as part of a planned transition. Schultz previously stepped down as chief executive officer in March of this year. "As I reflect on my 41 years with the
On the heels of Starbucks 6,000th store opening in China, Howard Schultz, Starbucks founder and chairman emeritus, fulfilled a promise to visit and celebrate the partners of Starbucks fastest growing region. Howard Schultz stood before the ballroom full of Starbucks (NASDAQ:SBUX) partners (employees) in Beijing with one ask: Open your hearts to each other. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230426005399/en/Coming Together (Photo: Business Wire) "Being authentic and being vulnerable is a strength, not a weakness. Being open and honest and sincere is a strength," Schultz said at the Partner Open Forum, attended by 1,
Lerman brings over three decades of experience in both private and public sector legal and regulatory affairs, global security, and ethics and compliance Starbucks Coffee Company (NASDAQ:SBUX) today announced the appointment of Brad Lerman as executive vice president and general counsel following an extensive internal and external search. Lerman will serve on the executive leadership team, reporting directly to chief executive officer, Laxman Narasimhan, effective May 8, 2023. Lerman joins the company with over three decades of legal and regulatory experience in both the public and private sector. Most recently, Lerman was Senior Vice President, General Counsel and Corporate Secretary o
Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.53 per share of outstanding Common Stock. The dividend will be payable in cash on May 26, 2023, to shareholders of record on May 12, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To
Starbucks (NASDAQ:SBUX) announced, effective today, Laxman Narasimhan has assumed the role of chief executive officer and will join the company's board of directors. Narasimhan was named incoming ceo on September 1, 2022, succeeding company founder and now former ceo, Howard Schultz. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230320005303/en/Laxman Narasimhan has assumed the role of Starbucks chief executive officer and will join the company's board of directors. (Photo: Business Wire) Following the global search for the new leader of Starbucks, Narasimhan joined the company as incoming ceo on October 1, 2022, bringing nearly
As RationAle Brewing, the non-alcoholic craft beer brand, continues to radically crush consumers' drinking habits across the country, it readies itself for the next phase of growth SAN DIEGO, Calif., Sept. 30, 2022 /PRNewswire-PRWeb/ -- RationAle Brewing™ (https://rationalebrewing.com/), the San Diego-born, Sonoma-brewed non-alcoholic craft beer brand, announces the appointment of Debbie Novograd, former Vice Chairman of the Board and CEO of BevZero and Director of Marketing for Starbucks (NASDAQ:SBUX), as a Strategic Advisor. The announcement comes as RationAle continues its retail and on-premise expansion beyond California and Colorado, and builds its eCommerce presence to deliver its non-
Introduces Three-Year Financial Roadmap, Delivering Annual 7-9% Comparable Store Sales Growth, 10-12% Revenue Growth, and 15-20% Non-GAAP EPS Growth Starbucks (NASDAQ:SBUX) today hosted its biennial Investor Day in Seattle where interim chief executive officer Howard Schultz, chief financial officer Rachel Ruggeri, and Starbucks leaders showcased the company's Reinvention plan to an in-person audience of more than 150 investors. Presentations highlighted decisive actions and targeted investments in partners, customers, and stores that are expected to accelerate the company's long-term growth, progressively expand operating margin, and drive high-teens non-GAAP EPS growth annually through f