Starbucks (NASDAQ:SBUX) Given New $95.00 Price Target at Wedbush

Starbucks (NASDAQ:SBUXGet Free Report) had its price objective lowered by equities research analysts at Wedbush from $100.00 to $95.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the coffee company’s stock. Wedbush’s target price suggests a potential upside of 3.52% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Starbucks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. HSBC initiated coverage on Starbucks in a research note on Wednesday, December 20th. They set a “hold” rating and a $107.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Starbucks in a research note on Monday, November 6th. Barclays cut their price objective on Starbucks from $123.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. Finally, Gordon Haskett cut Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Tuesday. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.50.

View Our Latest Report on SBUX

Starbucks Trading Down 1.0 %

Shares of Starbucks stock opened at $91.77 on Thursday. Starbucks has a 12-month low of $89.21 and a 12-month high of $115.48. The stock has a market cap of $104.31 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. The company has a 50-day moving average of $97.91 and a two-hundred day moving average of $97.36.

Starbucks (NASDAQ:SBUXGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The coffee company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.97 by $0.09. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.29 billion. Starbucks had a net margin of 11.47% and a negative return on equity of 48.79%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 earnings per share. On average, sell-side analysts forecast that Starbucks will post 4.13 EPS for the current fiscal year.

Insider Activity

In other news, EVP Sara Kelly sold 250 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $104.45, for a total value of $26,112.50. Following the completion of the sale, the executive vice president now owns 47,532 shares in the company, valued at $4,964,717.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Sara Kelly sold 250 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $104.45, for a total value of $26,112.50. Following the completion of the sale, the executive vice president now owns 47,532 shares in the company, valued at $4,964,717.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rachel Ruggeri sold 504 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $105.66, for a total value of $53,252.64. Following the sale, the chief financial officer now owns 75,027 shares of the company’s stock, valued at $7,927,352.82. The disclosure for this sale can be found here. Insiders sold 7,504 shares of company stock worth $784,120 over the last quarter. Corporate insiders own 1.98% of the company’s stock.

Hedge Funds Weigh In On Starbucks

Several hedge funds have recently bought and sold shares of SBUX. BCK Partners Inc. acquired a new stake in shares of Starbucks in the first quarter valued at about $2,640,000. American Century Companies Inc. grew its position in shares of Starbucks by 7.3% in the first quarter. American Century Companies Inc. now owns 27,634 shares of the coffee company’s stock valued at $2,514,000 after purchasing an additional 1,872 shares during the last quarter. Roundview Capital LLC grew its position in shares of Starbucks by 37.5% in the first quarter. Roundview Capital LLC now owns 7,152 shares of the coffee company’s stock valued at $651,000 after purchasing an additional 1,952 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Starbucks in the first quarter valued at about $198,000. Finally, Mather Group LLC. grew its position in shares of Starbucks by 77.5% in the first quarter. Mather Group LLC. now owns 6,912 shares of the coffee company’s stock valued at $629,000 after purchasing an additional 3,017 shares during the last quarter. 70.13% of the stock is owned by institutional investors and hedge funds.

Starbucks Company Profile

(Get Free Report)

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.

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