Starbucks Co. (NASDAQ:SBUX) Shares Sold by JBR Co Financial Management Inc

JBR Co Financial Management Inc decreased its position in Starbucks Co. (NASDAQ:SBUX) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,643 shares of the coffee company’s stock after selling 105 shares during the period. JBR Co Financial Management Inc’s holdings in Starbucks were worth $515,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SBUX. International Assets Investment Management LLC boosted its stake in shares of Starbucks by 11,217.0% during the third quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock valued at $73,347,000 after acquiring an additional 745,707 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Starbucks by 31.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,766 shares of the coffee company’s stock valued at $367,000 after acquiring an additional 909 shares during the last quarter. DT Investment Partners LLC boosted its stake in shares of Starbucks by 39.4% during the third quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock valued at $42,000 after acquiring an additional 121 shares during the last quarter. Dakota Wealth Management boosted its stake in shares of Starbucks by 0.5% during the third quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company’s stock valued at $5,439,000 after acquiring an additional 300 shares during the last quarter. Finally, Legacy Capital Group California Inc. boosted its stake in shares of Starbucks by 14.2% during the third quarter. Legacy Capital Group California Inc. now owns 4,872 shares of the coffee company’s stock valued at $475,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Ratings Changes

SBUX has been the topic of a number of analyst reports. Citigroup increased their price objective on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays increased their price objective on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. TD Cowen reissued a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Finally, Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 price objective (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Starbucks Trading Down 1.4 %

SBUX opened at $111.75 on Friday. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $114.68. The firm has a market cap of $126.94 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.59 and a beta of 1.00. The company has a fifty day simple moving average of $99.72 and a 200 day simple moving average of $97.30.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $0.90 EPS. On average, analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

About Starbucks

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.