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

Shares of Starbucks Co. (NASDAQ:SBUX) have been given an average recommendation of “Moderate Buy” by the twenty-seven analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $105.75.

Several research firms have recently issued reports on SBUX. Wells Fargo & Company increased their price target on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday. 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. Wedbush boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. UBS Group increased their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Barclays boosted their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th.

Starbucks Stock Down 1.4 %

Shares of NASDAQ:SBUX opened at $113.00 on Thursday. The company’s 50-day moving average price is $101.04 and its 200 day moving average price is $98.10. The company has a market cap of $128.36 billion, a PE ratio of 36.45, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks has a fifty-two week low of $71.55 and a fifty-two week high of $115.24.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 previous year, the firm earned $0.90 EPS. As a group, equities analysts anticipate that Starbucks will post 2.99 EPS for the current year.

Institutional Investors Weigh In On Starbucks

Institutional investors have recently bought and sold shares of the business. Financial Life Planners acquired a new stake in shares of Starbucks during the fourth quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Starbucks during the 4th quarter valued at $25,000. Graney & King LLC purchased a new position in shares of Starbucks during the 4th quarter valued at $26,000. Collier Financial acquired a new position in shares of Starbucks in the fourth quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Starbucks during the fourth quarter worth $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Company Profile

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.