Starbucks (NASDAQ:SBUX) Price Target Raised to $114.00 at Stifel Nicolaus

Starbucks (NASDAQ:SBUXGet Free Report) had its target price increased by stock analysts at Stifel Nicolaus from $110.00 to $114.00 in a research note issued on Monday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the coffee company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 13.48% from the company’s previous close.

SBUX has been the topic of a number of other reports. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. BTIG Research boosted their target price on Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Barclays lowered their price objective on Starbucks from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Morgan Stanley upped their target price on Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, UBS Group boosted their price objective on Starbucks from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.08.

Get Our Latest Stock Report on SBUX

Starbucks Stock Up 0.4 %

NASDAQ:SBUX opened at $100.46 on Monday. The firm has a 50-day moving average price of $95.65 and a 200 day moving average price of $92.71. Starbucks has a 12-month low of $71.55 and a 12-month high of $103.32. The firm has a market capitalization of $113.90 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99.

Starbucks (NASDAQ:SBUXGet Free Report) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. During the same quarter in the previous year, the company earned $0.90 EPS. On average, research analysts expect that Starbucks will post 3.08 EPS for the current year.

Insider Buying and Selling

In other news, CFO Rachel Ruggeri sold 1,452 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total value of $143,849.64. Following the completion of the transaction, the chief financial officer now owns 65,648 shares of the company’s stock, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Starbucks

Hedge funds and other institutional investors have recently made changes to their positions in the company. RAM Investment Partners LLC grew its position in Starbucks by 59.2% during the fourth quarter. RAM Investment Partners LLC now owns 3,319 shares of the coffee company’s stock valued at $303,000 after buying an additional 1,234 shares during the period. Angeles Wealth Management LLC grew its position in shares of Starbucks by 11.7% during the 4th quarter. Angeles Wealth Management LLC now owns 3,236 shares of the coffee company’s stock valued at $295,000 after acquiring an additional 338 shares during the period. Martin Capital Advisors LLP increased its stake in shares of Starbucks by 2.4% in the 4th quarter. Martin Capital Advisors LLP now owns 33,109 shares of the coffee company’s stock valued at $3,021,000 after purchasing an additional 790 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Starbucks in the 4th quarter worth about $354,000. Finally, Kestra Private Wealth Services LLC boosted its position in Starbucks by 2.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 85,589 shares of the coffee company’s stock worth $7,810,000 after purchasing an additional 1,674 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

About Starbucks

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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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