Starbucks Co. (NASDAQ:SBUX) Shares Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 3,455.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,497 shares of the coffee company’s stock after purchasing an additional 239,564 shares during the period. Proficio Capital Partners LLC’s holdings in Starbucks were worth $22,493,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SBUX. Pallas Capital Advisors LLC acquired a new position in Starbucks during the third quarter worth $235,000. Strategic Blueprint LLC acquired a new stake in Starbucks in the third quarter valued at $209,000. Rice Hall James & Associates LLC purchased a new position in shares of Starbucks in the third quarter valued at $241,000. Stephens Inc. AR raised its stake in shares of Starbucks by 7.2% during the 3rd quarter. Stephens Inc. AR now owns 68,646 shares of the coffee company’s stock worth $6,692,000 after buying an additional 4,607 shares during the last quarter. Finally, Campbell Wealth Management purchased a new stake in shares of Starbucks in the 3rd quarter worth about $234,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SBUX. Wedbush raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Redburn Atlantic reaffirmed a “sell” rating and issued a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Finally, TD Cowen reissued a “buy” rating and issued a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $115.81 on Friday. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $116.09. The stock has a 50-day simple moving average of $102.11 and a 200-day simple moving average of $98.51. The stock has a market capitalization of $131.55 billion, a P/E ratio of 37.36, a PEG ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $0.90 earnings per share. Analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

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.