Starbucks, Goldman Sachs: S&P Laggards

NEW YORK (TheStreet) -- Starbucks and Goldman Sachs were among the worst-performing stocks in the S&P 500 on Tuesday.

The S&P 500 rose 21.21 points, or 1.55%, to 1,390.78.

Shares of Starbucks dropped 1.66% Tuesday to $58.66 on profit-taking following the stock reaching a 52-week high on Monday.

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

Twenty-three of the 31 analysts who cover Starbucks rate it at buy. Seven analysts give the stock a hold rating and one rates it at sell.

TheStreet Ratings gives Starbucks an A+ grade with a buy rating and $79.57 price target. The stock has risen 27.5% year to date.

Goldman Sachs shares lost 87 cents, or 0.74%, to $116.86. The bank reported first-quarter earnings of $2.11 billion, or $3.92 a share, and increased its quarterly dividend 31% to 46 cents a share on Tuesday.

The company's buyback plans, though, look sparse for this year.

Goldman Sachs shares trade at a forward P/E oif 8.72X; the average among its peers is 8.59X. For comparison, both JPMorgan Chase and Morgan Stanley have lower forward P/Es of 7.86X and 7.76X, respectively.

Seventeen of the 33 analysts who cover Goldman Sachs rate it at hold. Fourteen analysts give the stock a buy rating and two rate it at sell.

TheStreet Ratings gives Goldman Sachs a B- grade with a buy rating and $139.05 price target. The stock has risen 29.23% year to date.

-- Written by Alexandra Zendrian in New York.

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