Starbucks (NASDAQ:SBUX) Upgraded at Argus

Argus upgraded shares of Starbucks (NASDAQ:SBUX) from a hold rating to a buy rating in a research report released on Tuesday, Marketbeat reports. They currently have $115.00 price target on the coffee company’s stock.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wedbush boosted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Finally, Barclays boosted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Starbucks Trading Up 0.1 %

SBUX stock opened at $99.28 on Tuesday. The firm has a 50 day moving average of $105.31 and a 200-day moving average of $99.30. Starbucks has a 12-month low of $71.55 and a 12-month high of $117.46. The company has a market cap of $112.77 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the company posted $0.90 earnings per share. Sell-side analysts forecast that Starbucks will post 2.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Starbucks

A number of hedge funds have recently made changes to their positions in SBUX. Financial Life Planners acquired a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Starbucks in the 4th quarter valued at approximately $25,000. Graney & King LLC acquired a new stake in Starbucks during the 4th quarter worth approximately $26,000. Collier Financial acquired a new stake in Starbucks during the 4th quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Starbucks during the 4th quarter worth approximately $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.