First Bank & Trust Sells 137 Shares of Starbucks Co. (NASDAQ:SBUX)

First Bank & Trust lessened its stake in Starbucks Co. (NASDAQ:SBUX) by 4.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,301 shares of the coffee company’s stock after selling 137 shares during the period. First Bank & Trust’s holdings in Starbucks were worth $301,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its position in shares of Starbucks by 4.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 52,037 shares of the coffee company’s stock valued at $4,748,000 after purchasing an additional 2,017 shares in the last quarter. Hardy Reed LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $1,017,000. Advyzon Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $344,000. Sunpointe LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $219,000. Finally, Bryn Mawr Capital Management LLC boosted its position in shares of Starbucks by 106.5% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 23,405 shares of the coffee company’s stock valued at $2,136,000 after purchasing an additional 12,071 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 0.8 %

Shares of SBUX opened at $113.34 on Friday. The company has a market capitalization of $128.74 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 3.56 and a beta of 1.00. The stock has a 50 day moving average of $99.44 and a 200 day moving average of $96.89. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $113.50.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, equities research analysts predict that Starbucks Co. will post 3 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. BMO Capital Markets upped their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Barclays increased their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Citigroup increased their price target on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.33.

About Starbucks

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.