Starbucks Co. (NASDAQ:SBUX) Receives $105.75 Consensus PT from Analysts

Starbucks Co. (NASDAQ:SBUX) has received an average recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $106.12.

Several brokerages have weighed in on SBUX. Wedbush lifted their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays lifted their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets lifted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th.

Starbucks Trading Down 2.2 %

NASDAQ:SBUX opened at $97.07 on Monday. The stock has a market cap of $110.26 billion, a P/E ratio of 31.31, a PEG ratio of 3.59 and a beta of 0.99. The stock has a 50 day simple moving average of $105.41 and a 200 day simple moving average of $99.32. Starbucks has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 previous year, the company posted $0.90 earnings per share. As a group, sell-side analysts forecast that Starbucks will post 2.99 EPS for the current year.

Institutional Investors Weigh In On Starbucks

A number of institutional investors have recently made changes to their positions in the stock. 111 Capital bought a new stake in shares of Starbucks in the 4th quarter valued at about $1,080,000. American Assets Investment Management LLC grew its position in shares of Starbucks by 50.0% in the 4th quarter. American Assets Investment Management LLC now owns 60,000 shares of the coffee company’s stock valued at $5,475,000 after buying an additional 20,000 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Starbucks by 0.3% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 170,865 shares of the coffee company’s stock valued at $15,591,000 after buying an additional 459 shares during the last quarter. Northstar Financial Companies Inc. bought a new stake in shares of Starbucks in the 4th quarter valued at about $351,000. Finally, Centaurus Financial Inc. lifted its stake in shares of Starbucks by 10.7% in the 4th quarter. Centaurus Financial Inc. now owns 21,076 shares of the coffee company’s stock valued at $1,923,000 after purchasing an additional 2,031 shares during the period. Institutional investors own 72.29% of the company’s stock.

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.