BTIG Research reiterated coverage on Starbucks with a new price target
$SBUX
Restaurants
Consumer Discretionary
BTIG Research reiterated coverage of Starbucks with a rating of Buy and set a new price target of $115.00 from $100.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
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)
8-K - STARBUCKS CORP (0000829224) (Filer)
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
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
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
4 - STARBUCKS CORP (0000829224) (Issuer)
4 - STARBUCKS CORP (0000829224) (Issuer)
4 - STARBUCKS CORP (0000829224) (Issuer)
4 - STARBUCKS CORP (0000829224) (Issuer)
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
SC 13G/A - STARBUCKS CORP (0000829224) (Subject)
SC 13G/A - STARBUCKS CORP (0000829224) (Subject)
SC 13G/A - STARBUCKS CORP (0000829224) (Subject)