StarbucksSBUX
About: Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
Employees: 381,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.9% more ownership
Funds ownership: 73.66% [Q1] → 74.56% (+0.9%) [Q2]
7% less call options, than puts
Call options by funds: $2.82B | Put options by funds: $3.02B
8% less funds holding
Funds holding: 2,395 [Q1] → 2,210 (-185) [Q2]
13% less capital invested
Capital invested by funds: $76.1B [Q1] → $66.4B (-$9.73B) [Q2]
25% less repeat investments, than reductions
Existing positions increased: 792 | Existing positions reduced: 1,055
33% less funds holding in top 10
Funds holding in top 10: 33 [Q1] → 22 (-11) [Q2]
54% less first-time investments, than exits
New positions opened: 158 | Existing positions closed: 343
Research analyst outlook
30 Wall Street Analysts provided 1 year price targets over the past 3 months
30 analyst ratings
BTIG Peter Saleh 56% 1-year accuracy 9 / 16 met price target | 21%upside $115 | Buy Maintained | 17 Oct 2024 |
Morgan Stanley Brian Harbour 65% 1-year accuracy 15 / 23 met price target | 21%upside $115 | Overweight Maintained | 16 Oct 2024 |
Citigroup Jon Tower 65% 1-year accuracy 15 / 23 met price target | 4%upside $99 | Neutral Maintained | 8 Oct 2024 |
JP Morgan John Ivankoe 58% 1-year accuracy 19 / 33 met price target | 10%upside $105 | Overweight Maintained | 30 Sept 2024 |
Bernstein Danilo Gargiulo 50% 1-year accuracy 1 / 2 met price target | 21%upside $115 | Outperform Upgraded | 26 Sept 2024 |
Financial journalist opinion
Based on 291 articles about SBUX published over the past 30 days