Crew Capital Management Ltd. Trims Position in Starbucks Co. (NASDAQ:SBUX)

Crew Capital Management Ltd. decreased its position in shares of Starbucks Co. (NASDAQ:SBUX) by 60.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,090 shares of the coffee company’s stock after selling 4,767 shares during the period. Crew Capital Management Ltd.’s holdings in Starbucks were worth $282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Keybank National Association OH lifted its stake in shares of Starbucks by 9.5% during the fourth quarter. Keybank National Association OH now owns 273,228 shares of the coffee company’s stock valued at $24,932,000 after buying an additional 23,714 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $47,000. Alley Investment Management Company LLC lifted its stake in shares of Starbucks by 2.1% during the fourth quarter. Alley Investment Management Company LLC now owns 147,061 shares of the coffee company’s stock valued at $13,419,000 after buying an additional 2,994 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Starbucks by 6.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 46,154 shares of the coffee company’s stock valued at $4,212,000 after buying an additional 2,749 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Starbucks by 1.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 132,551 shares of the coffee company’s stock valued at $12,095,000 after buying an additional 1,763 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SBUX shares. UBS Group upped their price target 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. Stifel Nicolaus upped their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wedbush upped 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. TD Cowen reaffirmed a “buy” rating and set a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Finally, BMO Capital Markets upped their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Starbucks presently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Trading Down 2.9 %

SBUX opened at $112.06 on Wednesday. The company has a fifty day simple moving average of $103.11 and a 200 day simple moving average of $98.80. The firm has a market cap of $127.29 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $117.46.

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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the business posted $0.90 earnings per share. On average, analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks 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.