Starbucks Co. (NASDAQ:SBUX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Starbucks Co. (NASDAQ:SBUX) has been assigned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $105.75.

A number of research analysts recently weighed in on SBUX shares. TD Cowen reissued a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Monday, November 11th. Wells Fargo & Company lifted their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup boosted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, UBS Group boosted their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SBUX. Allspring Global Investments Holdings LLC boosted its stake in Starbucks by 40.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 496,951 shares of the coffee company’s stock valued at $48,448,000 after buying an additional 143,258 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Starbucks by 16.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 23,028 shares of the coffee company’s stock valued at $2,245,000 after purchasing an additional 3,330 shares in the last quarter. Eastern Bank boosted its stake in shares of Starbucks by 542.2% in the 3rd quarter. Eastern Bank now owns 17,918 shares of the coffee company’s stock valued at $1,747,000 after purchasing an additional 15,128 shares in the last quarter. Leo Wealth LLC bought a new stake in shares of Starbucks in the 3rd quarter worth about $267,000. Finally, Alexander Labrunerie & CO. Inc. increased its position in shares of Starbucks by 18.3% during the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 3,943 shares of the coffee company’s stock worth $384,000 after purchasing an additional 611 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Down 1.4 %

SBUX stock opened at $113.00 on Thursday. The firm has a 50 day moving average of $101.04 and a two-hundred day moving average of $98.10. Starbucks has a 12 month low of $71.55 and a 12 month high of $115.24. The company has a market capitalization of $128.36 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 3.59 and a beta of 1.00.

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 analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the firm earned $0.90 earnings per share. On average, research analysts expect that Starbucks will post 2.99 EPS 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.