A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California.Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the coffee giant.Bargaining delegates are set to return to negotiations with Starbucks on Tuesday in the last scheduled session of the ye ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Starbucks (SBUX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Starbucks currently has an average broker ...

Market Overview - U.S. stocks experienced gains, with the Dow Jones increasing by 1.4% and the S&P 500 rising by 1.1% last week, reaching new highs during a shortened trading session [1] Analyst Ratings and Insights - Wall Street analysts frequently update stock picks, but their track records can vary significantly, leading to confusion among investors regarding which ratings to trust [2] - Benzinga's Analyst Ratings API compiles high-quality stock ratings from major sell-side banks, providing insights that can serve as effective trading indicators for subscribers [3] Top Analyst Picks - **Keith Hughes (Truist Securities)**: Downgraded Summit Materials, Inc. from Buy to Hold, reducing the price target from $60 to $52.5, indicating a potential upside of around 3%. The company is set to be acquired for $52.50 per share, valuing the deal at approximately $11.5 billion [5] - **Jon Arfstrom (RBC Capital)**: Maintained a Sector Perform rating on Old National Bancorp, raising the price target from $24 to $25, suggesting an upside of 86%. The company announced a merger agreement with Bremer Financial Corporation [6] - **Zachary Fadem (Wells Fargo)**: Maintained an Overweight rating on Starbucks Corporation, increasing the price target from $110 to $115, indicating more than 12% upside. The company is facing operational challenges due to a ransomware attack affecting employee scheduling [7] - **William Stein (Truist Securities)**: Maintained a Hold rating on Analog Devices, Inc., lowering the price target from $233 to $227, with an expected gain of around 4%. The company reported better-than-expected fourth-quarter EPS and sales [8] - **Rob Owens (Piper Sandler)**: Maintained an Overweight rating on CrowdStrike Holdings, Inc., raising the price target from $290 to $375, indicating an upside of around 8%. The company reported third-quarter revenue of $1.01 billion, exceeding estimates [9]

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Company Performance - Starbucks is reducing corporate employees' holiday bonuses by 40% due to poor performance this year, marking the worst year since the pandemic in 2020 [1][3] - Revenue increased less than 1% in the fiscal year ended Sept 29, significantly lower than the double-digit growth in previous years [4] - Operating income dropped 8% in the same period [4] - Global same-store sales fell 2% this fiscal year, only the second such drop in the last 15 fiscal years, with the first occurring in 2020 during lockdowns [6] Bonus Structure and Impact - Corporate workers will receive only 60% of their overall bonuses, with payouts based on personal performance and company results [3] - Senior vice presidents and executives will face larger bonus cuts and will not be eligible for merit raises [9][12] - The portion of bonuses based on company performance considers revenue and operating income, heavily impacting senior positions [4][11] - US employees' bonus goals range from 5% of base pay for rank-and-file workers to 45% of base pay for senior vice presidents [10] Operational Challenges - Sales have slumped due to issues like long wait times of up to 40 minutes and a boycott linked to the company's perceived stance on the war in Gaza [2] - Customers are cutting back on pricey lattes and frappuccinos due to menu price hikes, reflecting broader struggles in the fast-food industry [1] Strategic Changes - New CEO Brian Niccol, who took the helm in September, is focusing on cutting down lines and revamping locations to improve customer experience [5][7] - Niccol has called for extra barista positions to boost efficiency and position Starbucks as a "third place" for customers between work and home [10] - The company plans to fundamentally change its strategy to win back customers and return to growth [8] Market Performance - Starbucks shares have risen 7 5% to $100 68 this year, significantly underperforming the S&P 500's 27% growth during the same period [13]

With a 15% year-over-year growth in footprint and resilient comparable sales, Dutch Bros (NYSE: BROS ) is proving that it is much more than a fad. It is truly gettingI'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage span ...

Several analysts have slashed their estimates for Starbucks Corporation (SBUX) after the leading roaster and retailer of specialty coffee suspended its financial guidance for fiscal 2025. This unexpected move has sparked widespread concerns among investors and analysts, casting uncertainty over the company’s near-term performance.The global coffee giant has suspended the fiscal 2025 guidance by citing a need for a thorough business reassessment amid the ongoing leadership transition. CEO Brian Niccol emphas ...

The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024.A ransomware attack on one of Starbucks' software vendors has disrupted how the coffee chain's baristas view and manage their schedules, the company said on Monday.Starbucks said it's working closely with the vendor to resolve the issue. The company did not disclose the name of the third party.The outage affects Starbucks' employee platform that shows baristas their schedules and allows the company to track how many hours empl ...

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. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Starbucks (SBUX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Starbucks currently has an avera ...

Although Starbucks (SBUX 2.44%) has been a fantastic investment throughout its history as a public company, it hasn't worked out as well for shareholders recently.As of this writing, this top coffee stock trades 22% off its peak price. And in the past three years, it has produced a total return that would've lost investors 5% of their starting capital. This compares unfavorably to the 32% total return of the S&P 500.Starbucks' business is in trouble, as the shares' performance suggests. But is the stock a o ...