Starbucks (NASDAQ:SBUX) Price Target Cut to $105.00 by Analysts at JPMorgan Chase & Co.

Starbucks (NASDAQ:SBUX) had its price objective dropped by investment analysts at JPMorgan Chase & Co. from $112.00 to $105.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the coffee company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.96% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on SBUX. Robert W. Baird raised Starbucks to a “strong-buy” rating in a research report on Monday, August 24th. DA Davidson lifted their price target on shares of Starbucks from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Melius Research set a $110.00 price objective on shares of Starbucks in a research note on Monday, August 3rd. BNP Paribas Exane upped their price objective on shares of Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a report on Thursday, July 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $130.00 target price on shares of Starbucks in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.48.

Starbucks Trading Up 0.2%

Starbucks stock traded up $0.22 during mid-day trading on Tuesday, hitting $95.49. 804,835 shares of the company’s stock were exchanged, compared to its average volume of 7,942,432. Starbucks has a 1-year low of $77.99 and a 1-year high of $110.51. The stock has a 50 day moving average of $103.04 and a two-hundred day moving average of $101.13. The stock has a market cap of $108.86 billion, a P/E ratio of 54.88, a P/E/G ratio of 1.65 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, research analysts predict that Starbucks will post 2.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $105.60, for a total value of $235,382.40. Following the transaction, the chief executive officer directly owned 73,149 shares of the company’s stock, valued at $7,724,534.40. The trade was a 2.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,687 shares of company stock valued at $703,450. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Starbucks

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors grew its position in Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after buying an additional 7,007,268 shares in the last quarter. BlackRock Inc. bought a new stake in Starbucks in the 2nd quarter valued at $8,504,509,000. State Street Corp raised its stake in shares of Starbucks by 3.2% in the 2nd quarter. State Street Corp now owns 49,260,268 shares of the coffee company’s stock valued at $5,033,907,000 after buying an additional 1,530,497 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after buying an additional 7,725,547 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Starbucks by 9.0% during the 1st quarter. Bank of America Corp DE now owns 15,761,355 shares of the coffee company’s stock worth $1,412,060,000 after acquiring an additional 1,300,085 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks’ turnaround is reportedly bringing customers back, with improving traffic and operational initiatives supporting the recovery. However, investors will be watching whether margin improvement can offset elevated costs. Starbucks turnaround and customer recovery
• Positive Sentiment: The company plans to establish a global capability center in Chennai, India, and hire approximately 800 technology employees. The investment could improve digital capabilities and support Starbucks’ broader turnaround, although it is unlikely to materially affect near-term earnings. Starbucks India technology expansion
• Neutral Sentiment: Starbucks is closing roughly 250 underperforming North American stores, about 1% of its regional locations. Management says the closures are part of a portfolio reset rather than solely a response to weak sales, while capital is being redirected toward store retrofits and higher-performing locations. Starbucks store closures
• Negative Sentiment: The restructuring carries an estimated $300 million charge, includes a reduction in new-store guidance and comes as analysts highlight Starbucks’ cost and growth pressures. Those factors could weigh on near-term profitability and investor confidence. Starbucks restructuring and store closures
• Negative Sentiment: A nonprofit says many Starbucks plastic cold-drink cups placed in recycling bins ultimately went to landfills or incinerators, creating potential reputational, regulatory and sustainability risks. Starbucks recyclable cup criticism
• Negative Sentiment: Compared with McDonald’s, Starbucks is viewed as having a higher valuation and greater execution risk, which may limit upside until the turnaround produces more consistent results. McDonald’s versus Starbucks comparison

About Starbucks

Starbucks Corporation is a global specialty coffee company that operates coffeehouses and sells coffee, tea and other beverages, along with food products and merchandise. Its menu includes brewed coffee, espresso-based drinks, cold beverages, teas, bakery items and ready-to-eat food. Starbucks also markets packaged coffee, ready-to-drink beverages and related products through retail and grocery channels, often through licensing and other business partnerships.

Founded in Seattle in 1971, Starbucks expanded from a local coffee retailer into an international brand.