Stifel Nicolaus Issues Pessimistic Forecast for Starbucks (NASDAQ:SBUX) Stock Price

Starbucks (NASDAQ:SBUX) had its price objective lowered by equities research analysts at Stifel Nicolaus from $114.00 to $103.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the coffee company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 21.97% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Wedbush raised their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Tuesday, March 18th. Finally, Citigroup dropped their price target on Starbucks from $100.00 to $88.00 and set a “neutral” rating on the stock in a research report on Friday. Two 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.24.

Starbucks Trading Down 1.2 %

NASDAQ SBUX traded down $1.04 during mid-day trading on Tuesday, reaching $84.45. 1,771,133 shares of the company’s stock traded hands, compared to its average volume of 11,436,687. The company has a fifty day simple moving average of $101.63 and a 200-day simple moving average of $98.70. Starbucks has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a market cap of $95.92 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 last year, the firm earned $0.90 earnings per share. Equities research analysts forecast that Starbucks will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Starbucks

Several institutional investors have recently made changes to their positions in the business. Invst LLC boosted its holdings in Starbucks by 1.9% during the third quarter. Invst LLC now owns 20,767 shares of the coffee company’s stock valued at $2,025,000 after purchasing an additional 395 shares in the last quarter. Tudor Financial Inc. bought a new stake in Starbucks in the third quarter valued at $1,352,000. Fulcrum Equity Management raised its stake in Starbucks by 38.8% during the third quarter. Fulcrum Equity Management now owns 4,119 shares of the coffee company’s stock worth $402,000 after acquiring an additional 1,151 shares in the last quarter. Sculati Wealth Management LLC grew its holdings in shares of Starbucks by 15.1% in the 3rd quarter. Sculati Wealth Management LLC now owns 10,291 shares of the coffee company’s stock worth $940,000 after purchasing an additional 1,350 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in shares of Starbucks by 1,941.0% during the 3rd quarter. World Investment Advisors LLC now owns 71,292 shares of the coffee company’s stock worth $6,950,000 after purchasing an additional 67,799 shares in the last quarter. 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.