Starbucks Co. (NASDAQ:SBUX) Receives $105.75 Consensus Price Target from Brokerages

Starbucks Co. (NASDAQ:SBUX) has received an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $106.12.

Several research firms have recently commented on SBUX. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Wedbush boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Stifel Nicolaus boosted their price target on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays boosted their price target 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. Finally, BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $99.19 on Monday. Starbucks has a 1-year low of $71.55 and a 1-year high of $117.46. The company has a market capitalization of $112.67 billion, a P/E ratio of 32.00, a P/E/G ratio of 3.59 and a beta of 0.99. The firm’s 50 day simple moving average is $105.18 and its two-hundred day simple moving average is $99.30.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping the consensus estimate 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 prior year, the firm earned $0.90 EPS. On average, sell-side analysts anticipate that Starbucks will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Starbucks

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

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.