Analysts Set Starbucks Co. (NASDAQ:SBUX) Target Price at $105.75

Starbucks Co. (NASDAQ:SBUX) has received a consensus rating of “Moderate Buy” from the twenty-eight brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $106.12.

Several equities analysts recently commented on SBUX shares. Wedbush increased their target price on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. UBS Group increased their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their price target on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Tuesday. Finally, BMO Capital Markets increased their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On Starbucks

A number of institutional investors and hedge funds have recently made changes to their positions in the business. 111 Capital purchased a new position in shares of Starbucks in the fourth quarter worth approximately $1,080,000. American Assets Investment Management LLC boosted its holdings in shares of Starbucks by 50.0% in the fourth quarter. American Assets Investment Management LLC now owns 60,000 shares of the coffee company’s stock worth $5,475,000 after buying an additional 20,000 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Starbucks by 0.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 170,865 shares of the coffee company’s stock worth $15,591,000 after buying an additional 459 shares during the last quarter. Northstar Financial Companies Inc. purchased a new position in Starbucks during the fourth quarter valued at approximately $351,000. Finally, Centaurus Financial Inc. lifted its holdings in Starbucks by 10.7% during the fourth quarter. Centaurus Financial Inc. now owns 21,076 shares of the coffee company’s stock valued at $1,923,000 after purchasing an additional 2,031 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $99.19 on Monday. The company’s fifty day moving average price is $105.18 and its 200-day moving average price is $99.30. The firm has a market capitalization of $112.67 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.59 and a beta of 0.99. Starbucks has a one year low of $71.55 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 quarter last year, the company posted $0.90 EPS. As a group, equities research analysts expect that Starbucks will post 2.99 EPS for the current year.

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.