Starbucks stock is trading -16.13% below its average target price of $114.33 after dropping -1.9% during today's afternoon session. Analysts are giving the large-cap Restaurant Chain company an average rating of buy and target prices ranging from $100.0 to $136.0 per share.
The stock has a very low short interest at 1.3%, and a short ratio of 1.6. The company's insiders own 2.1% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 74.5% of Starbucks's shares being owned by this investor type.
Institutions Invested in Starbucks
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-09-30 | Vanguard Group Inc | 9% | 106,891,648 | $10,249,305,896 |
2023-09-30 | Blackrock Inc. | 7% | 78,359,902 | $7,513,539,370 |
2023-09-30 | State Street Corporation | 4% | 44,926,802 | $4,307,806,505 |
2023-09-30 | Bank of America Corporation | 2% | 26,976,687 | $2,586,659,690 |
2023-09-30 | Capital Research Global Investors | 2% | 25,365,993 | $2,432,218,292 |
2023-09-30 | Geode Capital Management, LLC | 2% | 22,354,038 | $2,143,416,981 |
2023-09-30 | Morgan Stanley | 2% | 21,499,268 | $2,061,457,358 |
2023-09-30 | Northern Trust Corporation | 1% | 15,217,752 | $1,459,154,183 |
2023-09-30 | Royal Bank of Canada | 1% | 14,114,519 | $1,353,370,684 |
2023-09-30 | JP Morgan Chase & Company | 1% | 13,997,784 | $1,342,177,548 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Starbucks.