Starbucks (NASDAQ:SBUX) Rating Increased to Hold at Jefferies Financial Group

Starbucks (NASDAQ:SBUX) was upgraded by equities researchers at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a $76.00 price objective on the coffee company’s stock. Jefferies Financial Group’s target price suggests a potential downside of 4.63% from the stock’s previous close.

SBUX has been the subject of a number of other reports. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, March 18th. Barclays upped their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Baird R W lowered shares of Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, 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 report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average target price of $105.12.

Starbucks Trading Down 0.4 %

Shares of NASDAQ SBUX opened at $79.69 on Wednesday. The business’s 50 day moving average is $103.92 and its 200-day moving average is $99.04. The firm has a market cap of $90.52 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its 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 net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the firm earned $0.90 earnings per share. Analysts forecast that Starbucks will post 2.99 EPS for the current year.

Institutional Trading of Starbucks

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

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.