Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
8/14/2024 | $80.00 → $120.00 | In-line → Outperform | Evercore ISI |
8/13/2024 | $85.00 → $103.00 | Neutral → Overweight | Piper Sandler |
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
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
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
4 - STARBUCKS CORP (0000829224) (Issuer)
4 - STARBUCKS CORP (0000829224) (Issuer)
4 - STARBUCKS CORP (0000829224) (Issuer)
4 - STARBUCKS CORP (0000829224) (Issuer)
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
8-K - STARBUCKS CORP (0000829224) (Filer)
8-K - STARBUCKS CORP (0000829224) (Filer)
10-Q - STARBUCKS CORP (0000829224) (Filer)
SC 13G/A - STARBUCKS CORP (0000829224) (Subject)
SC 13G/A - STARBUCKS CORP (0000829224) (Subject)
SC 13G/A - STARBUCKS CORP (0000829224) (Subject)
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.