Starbucks: S&P Intraday Laggard

NEW YORK ( TheStreet) -- Starbucks ( SBUX) was the worst-performing stock in the S&P 500 on Tuesday morning.

The S&P 500 was rising 13.19 points, or 0.96%, to 1,382.76.

Shares of Starbucks hit a 52-week high on Monday of $62. The stock's 52-week low of $33.72 was set on Aug. 9.

Starbucks was falling 1.94% to $58.49 on profit-taking.

Starbucks has an estimated price-to-earnings ratio for next year of 25.42 times; the average for restaurant and bar companies is 20. For comparison, Dunkin' Brands ( DNKN) has a lower forward P/E of 21.52.

Twenty-three of the 31 analysts who cover Starbucks rated it buy. Seven analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives Starbucks an A+ grade with a buy rating and $79.57 price target. The stock has risen 27.19% year to date.

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-- Written by Alexandra Zendrian

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