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 ...

After an extended period of lackluster performance in the stock market amidst a boycott over its perceived stance on the conflict in Palestine, rising competition in China, and after contending for years with a nationwide drive to unionize stores, Starbucks (NASDAQ: SBUX) made an abrupt management change on August 13.The shares of the coffee giant quickly reacted to the news that Laxman Narasimhan, handpicked by Starbucks’ previous head, Howard Schultz, has stepped down and that the CEO of Chipotle (NYSE: C ...

Is this the company's first step to restoring lost luster to the brand?Early on Aug. 13 -- before I even started sipping my second cup of coffee -- Starbucks (SBUX 21.19%) shockingly announced that it hired Brian Niccol as its new CEO. Niccol has been CEO of Chipotle Mexican Grill (CMG -11.99%) since 2018. Shares of Starbucks soared on the news and I don't believe it's an overreaction in the least.Starbucks stock had been down roughly 40% from highs reached in 2021 and I (mostly) fault management. In Septem ...

Starbucks TodaySBUXStarbucks$94.20 +17.17 (+22.29%) 52-Week Range$71.55▼$107.66Dividend Yield2.42%P/E Ratio25.95Price Target$90.88Add to WatchlistGlobal coffeehouse chain and coffee supplier Starbucks Co. NASDAQ: SBUX made a bombshell announcement that it is replacing current CEO Laxman Narasimhan with the current CEO of Chipotle Mexican Grill Inc. NYSE: CMG Brian Niccol. The news caused Starbucks shares to surge by 22% in premarket trading, while Chipotle shares fell 13% as traders engaged in a pairs trade ...

文章核心观点 - 星巴克任命前Chipotle CEO Brian Niccol为新任CEO,接替Laxman Narasimhan [1][2][3] - Niccol在Chipotle期间取得了出色的业绩,包括营收翻倍、利润增长近7倍、股价上涨近800%,以及提高员工工资和福利 [5] - Niccol此前在Taco Bell、Pizza Hut等公司担任过高管职位,拥有丰富的行业经验 [6] - 星巴克董事长Mellody Hobson表示Niccol在人才、品牌、创新、运营和数字化转型方面都有出色表现 [4][7] - Niccol表示对星巴克的品牌、文化和"增进人际联系"的承诺感到兴奋,将致力于推动公司增长和提升客户体验 [8][9] - 前任CEO Narasimhan在任期间改善了公司的员工体验、创新供应链和优化门店运营 [11][12] 公司概况 - 星巴克最近一个季度的全球同店销售下降3%,交易量下降5%尽管客单价上涨2% [13]

Key TakeawaysChipotle chief executive Brian Niccol will take over as CEO and chairman of Starbucks next month.The burrito giant's longtime CFO is also set to retire, though he will now stay on indefinitely in another role to aid the transition.Chipotle's leadership team has presided over a resurgent brand and a rising stock that recently split 50-for-1. Shares of Chipotle Mexican Grill (CMG) fell Tuesday on the news that the burrito giant would be replacing a heaping helping of the leadership that has helpe ...

WEST PALM BEACH, Fla., Aug. 13, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement from Elliott Managing Partner Jesse Cohn and Partner Marc Steinberg regarding Starbucks Corporation (NYSE: SBUX) (the "Company" or "Starbucks") and its engagement with the Company:Elliott has become one of the largest investors in Starbucks because of our confidence in the long-term value-creation opportunity we see at one of the world's most important brands. Elliott h ...

Key TakeawaysStarbucks shares surged Tuesday after announcing the hiring of Chipotle CEO Brian Niccol to replace Laxman Narasimhan.Niccol will take the Starbucks job Sept. 9, and Chipotle COO Scott Boatwright will take over as interim CEO once Niccol departs.The move comes as Starbucks has faced pressure from activist investors Elliott Investment Management and Starboard Value, who reportedly had bought stakes and advocated for change. Starbucks (SBUX) shares jumped 13% higher before the opening bell Tuesda ...

Starbucks announced on Tuesday that it is replacing CEO Laxman Narasimhan with Chipotle chief Brian Niccol, marking the coffee giant's fourth chief executive in two years.  Niccol will take over as CEO of the coffee chain starting Sept. 9 following his six-year stint at Chipotle.Narasimhan, who was tapped to take over for interim CEO Howard Schultz in March 2023, is also stepping down from Starbucks' board effective immediately.  SUPREME COURT SIDES WITH STARBUCKS IN CASE OVER FIRED PRO-UNION WORKERS Starbu ...

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