Starbucks Co. (NASDAQ:SBUX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Starbucks Co. (NASDAQ:SBUX) have been given an average recommendation of “Moderate Buy” by the twenty-seven brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $105.33.

A number of research firms have recently commented on SBUX. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Wells Fargo & Company boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Wedbush increased their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, UBS Group boosted their price objective on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $113.19 on Thursday. The company’s 50 day simple moving average is $100.13 and its 200 day simple moving average is $97.72. Starbucks has a 1 year low of $71.55 and a 1 year high of $114.68. The stock has a market capitalization of $128.57 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 previous year, the company posted $0.90 earnings per share. As a group, analysts anticipate that Starbucks will post 2.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SBUX. Financial Life Planners acquired a new position in shares of Starbucks in the 4th quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $26,000. Collier Financial acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $27,000. 72.29% of the stock is owned by institutional investors and hedge funds.

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.