Starbucks Co. (NASDAQ:SBUX) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its holdings in Starbucks Co. (NASDAQ:SBUX) by 113.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,753 shares of the coffee company’s stock after buying an additional 20,076 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Starbucks were worth $3,445,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SBUX. Financial Life Planners purchased a new stake in shares of Starbucks during the 4th quarter worth $25,000. Collier Financial acquired a new stake in shares of Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $30,000. Centricity Wealth Management LLC purchased a new stake in Starbucks during the fourth quarter worth about $36,000. Finally, Morton Brown Family Wealth LLC increased its holdings in Starbucks by 43.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock valued at $46,000 after buying an additional 154 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Price Performance

Shares of SBUX stock opened at $114.59 on Wednesday. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $115.24. The firm’s 50-day simple moving average is $100.58 and its 200-day simple moving average is $98.00. The firm has a market cap of $130.16 billion, a P/E ratio of 36.96, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm earned $0.90 earnings per share. Analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. BMO Capital Markets raised their price target on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. 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. Finally, Citigroup lifted their target price on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $105.75.

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.