Starbucks (NASDAQ:SBUX) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Starbucks (NASDAQ:SBUX) had its target price boosted by equities research analysts at Stifel Nicolaus from $110.00 to $114.00 in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the coffee company’s stock. Stifel Nicolaus’ price target points to a potential upside of 14.95% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Redburn Atlantic reissued a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Citigroup boosted their target price on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Bank of America decreased their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Morgan Stanley upped their target price on shares of Starbucks from $98.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Starbucks from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.08.

Starbucks Stock Up 0.4 %

Shares of SBUX traded up $0.37 during trading on Monday, reaching $99.18. 1,062,826 shares of the company traded hands, compared to its average volume of 6,652,381. The stock has a 50-day simple moving average of $95.66 and a 200-day simple moving average of $92.53. Starbucks has a twelve month low of $71.55 and a twelve month high of $103.32. The stock has a market cap of $112.44 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, October 30th. The coffee company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. Starbucks’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. On average, equities research analysts predict that Starbucks will post 3.08 EPS for the current year.

Insider Activity

In other news, CFO Rachel Ruggeri sold 1,491 shares of Starbucks stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.98% of the company’s stock.

Institutional Trading of Starbucks

Hedge funds have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Starbucks during the 2nd quarter worth $25,000. Financial Life Planners purchased a new position in Starbucks during the fourth quarter worth about $25,000. DT Investment Partners LLC lifted its holdings in shares of Starbucks by 39.4% during the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after acquiring an additional 121 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Starbucks in the third quarter worth approximately $49,000. Finally, Friedenthal Financial purchased a new stake in Starbucks in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.