Robert W. Baird Lowers Starbucks (NASDAQ:SBUX) Price Target to $85.00

Starbucks (NASDAQ:SBUXGet Rating) had its target price cut by investment analysts at Robert W. Baird from $95.00 to $85.00 in a report released on Monday, The Fly reports. Robert W. Baird’s target price points to a potential upside of 9.09% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Credit Suisse Group dropped their price target on shares of Starbucks from $132.00 to $122.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 2nd. Jefferies Financial Group decreased their price target on shares of Starbucks from $142.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 2nd. Evercore ISI decreased their price target on shares of Starbucks from $120.00 to $115.00 and set an “inline” rating on the stock in a research report on Wednesday, February 2nd. Barclays decreased their price objective on shares of Starbucks from $125.00 to $108.00 in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Starbucks from $122.00 to $116.00 and set a “buy” rating for the company in a research note on Thursday, February 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.58.

Shares of NASDAQ SBUX opened at $77.92 on Monday. Starbucks has a 12-month low of $77.78 and a 12-month high of $126.32. The company has a market cap of $89.63 billion, a P/E ratio of 21.00, a P/E/G ratio of 1.99 and a beta of 0.90. The stock has a fifty day moving average price of $86.84 and a 200 day moving average price of $100.89.

Starbucks (NASDAQ:SBUXGet Rating) last announced its earnings results on Tuesday, February 1st. The coffee company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.08). The business had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.95 billion. Starbucks had a net margin of 14.47% and a negative return on equity of 56.17%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. As a group, equities analysts predict that Starbucks will post 3.28 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Bell Investment Advisors Inc acquired a new stake in shares of Starbucks in the 3rd quarter valued at about $25,000. Steward Financial Group LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $25,000. PYA Waltman Capital LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $25,000. Rational Advisors LLC raised its stake in shares of Starbucks by 141.4% in the 4th quarter. Rational Advisors LLC now owns 210 shares of the coffee company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Finally, Guardian Wealth Management Inc. acquired a new stake in shares of Starbucks in the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 69.74% of the company’s stock.

About Starbucks (Get Rating)

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty 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.

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