Recently, Zacks.com users have been paying close attention to Starbucks (SBUX). This makes it worthwhile to examine what the stock has in store.
Starbucks now offers access to delivery powered by DoorDash through its own app. As of Monday (Nov. 11), customers across the United States and Canada (excluding Quebec) can order delivery through the Starbucks app, the company said in a Tuesday (Nov. 12) press release.
This industry-leading company has been struggling in recent years.
Shares of Starbucks Corp (NASDAQ:SBUX) are 1.1% lower this morning, following a downgrade to "sell" from "neutral.
Redburn Atlantic's Edward Lewis downgrades coffee-shop giant after new Chief Executive Brian Niccol unveils his “Back to Starbucks” plan.
Starbucks' ex-CEO, Howard Schultz, told Fortune he trusts successor Brian Niccol to revitalize the company. Niccol plans a back-to-basics strategy as the coffee chain faces low sales.
“It's about time they stopped charging for all the different milks,” said one restaurant-industry consultant.
Starbucks is coming off a terrible year and has a long way to go to regain favor on Wall Street.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Starbucks' mobile app appeared to be down during the morning coffee rush on Thursday. Some users got a message saying, "mobile ordering is currently unavailable.
Weak China sales continue to be a thorn in Starbucks' side, though a new CEO looks to breathe life back into the company.
Starbucks chairman and CEO Brian Niccol met with Yahoo Finance's Brian Sozzi and Brooke DiPalma to discuss the company's turnaround strategy. Niccol emphasized the importance of delivering product to customers with speed and the personal touch.