How Does the Market View Starbucks?

Starbucks stock is trading -13.34% below its average target price of $89.83 after marking a 3.4% during today's morning session. Analysts are giving the Large-Cap Restaurant Chain company an average rating of hold and target prices ranging from $75.0 to $120.0 per share.

The stock has a very low short interest at 1.6%, and a short ratio of 2.17. The company's insiders own 2.04% 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 75.8% of Starbucks's shares being owned by this investor type.

Institutions Invested in Starbucks

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 10% 108,403,768 $8,439,233,173
2024-03-31 Blackrock Inc. 7% 76,038,694 $5,919,612,211
2024-03-31 State Street Corporation 4% 45,841,799 $3,568,783,982
2024-03-31 Morgan Stanley 2% 28,261,152 $2,200,130,640
2024-03-31 Geode Capital Management, LLC 2% 23,368,332 $1,819,224,610
2024-03-31 Wells Fargo & Company 2% 19,957,057 $1,553,656,856
2024-03-31 Bank of America Corporation 2% 19,903,839 $1,549,513,835
2024-03-31 Northern Trust Corporation 1% 13,839,235 $1,077,384,423
2023-12-31 Norges Bank Investment Management 1% 12,922,116 $1,005,986,710
2024-03-31 Royal Bank of Canada 1% 12,911,864 $1,005,188,592

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Starbucks.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.