Starbucks Corporation (NASDAQ:SBUX) stock was last seen 4.4% lower to trade at $78.50, after Baird downgraded it to “neutral” from “outperform” and cut its price target to $85 from $114.
For years, Starbucks (SBUX -7.08%) has dominated the fast-food coffee market with no close runner-up. At one point, Dunkin' was expanding rapidly in hopes of challenging Starbucks, but those ambitions have since faded.
Starbucks has shown strong performance since the leadership change, signaling investor confidence. New CEO Brian Niccol's operational improvements, including closing underperforming locations and enhancing customer experience, have increased foot traffic and customer satisfaction. Financially, SBUX has strong capital but faces high debt levels; reducing this debt is crucial for sustaining dividends and boosting investor confidence.
Like caffeine intake's impact on the body throughout the day, Starbucks (SBUX -0.96%) has taken its investors on an up-and-down journey in the past 12 months. It has experienced double-digit daily price swings multiple times.
Starbucks (SBUX) closed the most recent trading day at $95.72, moving -1.39% from the previous trading session.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) is encountering significant challenges as it navigates a complex turnaround, according to analysts at Jefferies who have repeated their ‘Underperform' rating on the coffee chain. The analysts noted that Starbucks CEO Brian Niccol's tone during the March 12 Annual Shareholder Meeting appeared cautious, reflecting ongoing difficulties in revitalizing the business.
Starbucks' effort to reestablish itself as a coffeehouse is reportedly bearing fruit. In the last three weeks, the share of U.S. customers who have chosen to remain in the cafes and enjoy their beverages in ceramic mugs and glasses has risen more than threefold, Axios reported Friday (March 21), citing figures shared by the company.
Much has been said about Chipotle (CMG) and Starbucks (SBUX) in restaurant circles over the past year. Chipotle finds itself with a new CEO in Scott Boatwright, who is looking to ramp store growth to a new level.
Coffee giant Starbucks (SBUX 0.90%) could use some Wall Street caffeine these days.
Starbucks' operational enhancements, technology upgrades and store expansion propel it for growth.
Just when investors were getting a nice buzz from soaring stock price of Starbucks Corp. NASDAQ: SBUX and Dutch Bros Inc. NYSE: BROS, both stocks were whacked by rising coffee prices. Starbucks is down over 4% in the last 30 days and Dutch Bros is down over 12%.
A man takes his car through a Starbucks (NASDAQ: SBUX) drive-through in Los Angeles.