A behemoth hedge fund intends to take an active role in working with Starbucks to get the coffee powerhouse back on track; should investors take this as a cue to buy shares?Starbucks (SBUX 23.25%), the iconic coffee juggernaut, has caught the attention of an elite hedge fund determined to revamp the faltering business. The fund, Elliott Management, is an investment industry whale. It acquires stakes in public companies and drives operational improvements in their businesses, making it an "activist" investor ...

LAS VEGAS, NV - MARCH 28: A Starbucks coffee shop on the Strip (Las Vegas Boulevard) in Las Vegas, ... [+] Nevada. (Photo by Robert Alexander/Getty Images)Getty ImagesStarbucks stock rose 21% and Chipotle shares fell 7.5% after the burrito-retailer’s CEO Brian Niccol departed to take over the coffee retail chain on September 9, according to CNBC.What a difference a CEO makes! The market capitalization impact of this leadership change totaled $24.2 billion on August 13 alone as Starbucks’ added $18.4 billion ...

Starbucks has suddenly replaced its chief executive after the company suffered a bigger-than-expected drop in sales.The coffee chain's board announced on Tuesday that Laxman Narasimhan had departed the firm "effective immediately". They said Brian Niccol - the boss of burrito chain Chipotle - would soon take his place.It comes following mounting pressure and speculation over the future of Mr Narasimhan, who had only been in the role for a year-and-a-half.Last month, the firm reported that global sales had f ...

In this articleSBUXBrian Niccol, CEO of ChipotleAnjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decades-long Howard Schultz era.Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job in March 2023 after being handpicked by the former CEO Schultz. In its last two quarters, Starbucks reported same-store sales declines as its U.S. business flounder ...

Getting a proven leader in this industry sets Starbucks up for years of success.In this video, Motley Fool contributor Jason Hall breaks down how getting Brian Niccol from Chipotle (CMG -9.46%) as its CEO is a massive win for Starbucks (SBUX 20.55%), and why the stock is a buy now.*Stock prices used were from the morning of Aug. 13, 2024. The video was published on Aug. 13, 2024. ...

The coffee purveyor poached a superstar CEO to manage its turnaround.Shares of Starbucks (SBUX 20.61%) roared out of the gate on Tuesday, surging as much as 23.7%. As of 11:19 a.m. ET, the stock was still up 22.7%. At the same time, Chipotle Mexican Grill (CMG -9.70%) stock sank as much as 14.1% but was recently down 11.8%.The catalyst that sent these high-profile names in the restaurant industry in different directions was news that nobody saw coming -- that Starbucks had poached Chipotle's superstar leade ...

文章核心观点 - 星巴克任命Chipotle前CEO Brian Niccol为新任CEO,接替即将离任的Laxman Narasimhan [3] - 这一变动发生在两家投资者Elliott和Starboard正在与星巴克管理层就提升股价进行讨论的背景下 [4][5] - Niccol在担任Taco Bell和Chipotle CEO期间都成功地为这些品牌注入了新活力,有望为星巴克带来同样的改革 [6][7][8][9][10][11][12] 根据目录分别总结 行业概况 - 星巴克在美国和中国市场的同店销售增长均有所下滑 [14][15] - 星巴克门店经常出现顾客排队等候的情况,需要改善门店运营效率 [16][17] 公司变革 - 星巴克董事长表示Niccol是一位能够传承公司文化、推动创新和增长的人选 [18] - 尽管星巴克的门店网络比Chipotle复杂,但分析师认为Niccol仍有望获得足够的自主权来推动公司转型 [19]

Starbucks (NASDAQ:SBUX) stock is heading higher on Tuesday after the company announced that Brian Niccol is taking over as chairman and CEO of the coffee chain.This will have Niccol replacing Laxman Narasimhan as the next CEO of Starbucks. This is due to Narasimhan turning in his immediate resignation from the company.Starbucks won’t get Niccol as its new CEO until Sept. 9, 2024. While it waits, current SBUX Cheif Financial Officer Rachel Ruggeri will serve as the interim CEO of the company.SBUX stockholder ...

There are big leadership changes at both companies.In today's video, I will discuss Starbucks (SBUX 21.73%), Chipotle (CMG -11.49%), and recent announcements. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 12, 2024. The video was published on Aug. 13, 2024. ...

Starbucks SBUX analysts are mixed Tuesday on what the addition of Brian Niccol, previously CEO and Chairman of Chipotle Mexican Grill CMG, could mean for the coffee chain. The Starbucks Analysts: Wedbush analyst Nick Setyan maintained a Neutral rating on Starbucks with an $80 price target.Baird analyst David Tarantino upgraded Starbucks from Neutral to Outperform and raised the price target from $81 to $110.Wedbush On Starbucks: Niccol's move from Chipotle to Starbucks might not be as straightforward as his ...