Plancorp LLC Takes $269,000 Position in Starbucks Co. (NASDAQ:SBUX)

Plancorp LLC bought a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,947 shares of the coffee company’s stock, valued at approximately $269,000.

Several other institutional investors also recently bought and sold shares of SBUX. Financial Life Planners acquired a new stake in Starbucks in the 4th quarter worth about $25,000. Collier Financial acquired a new stake in Starbucks in the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Starbucks in the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in Starbucks in the 4th quarter worth about $30,000. Finally, Noble Wealth Management PBC acquired a new stake in Starbucks in the 4th quarter worth about $30,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, March 18th. 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. Wells Fargo & Company boosted their target price on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $106.12.

Starbucks Stock Down 2.2 %

Shares of NASDAQ SBUX opened at $97.07 on Friday. The business’s 50 day moving average is $105.41 and its two-hundred day moving average is $99.36. The firm has a market cap of $110.26 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46.

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