Starbucks (NASDAQ:SBUX) Given New $103.00 Price Target at Deutsche Bank Aktiengesellschaft

Starbucks (NASDAQ:SBUXGet Rating) had its price target cut by analysts at Deutsche Bank Aktiengesellschaft from $116.00 to $103.00 in a report issued on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 34.61% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. BTIG Research dropped their target price on shares of Starbucks from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 20th. Wedbush lowered Starbucks from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $91.00 in a report on Tuesday, April 5th. Robert W. Baird reduced their price objective on Starbucks from $95.00 to $85.00 in a research note on Monday, April 25th. UBS Group lowered their target price on Starbucks from $105.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 25th. Finally, Barclays cut their price target on shares of Starbucks from $108.00 to $94.00 in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $101.96.

Shares of Starbucks stock opened at $76.52 on Monday. The company has a market capitalization of $87.76 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97. The stock has a fifty day simple moving average of $83.58 and a 200 day simple moving average of $98.38. Starbucks has a 12-month low of $73.38 and a 12-month high of $126.32.

Starbucks (NASDAQ:SBUXGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The coffee company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Starbucks had a negative return on equity of 53.43% and a net margin of 14.07%. The firm had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.60 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. Starbucks’s revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Starbucks will post 2.96 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Curi Wealth Management LLC boosted its position in shares of Starbucks by 20.1% during the 1st quarter. Curi Wealth Management LLC now owns 2,828 shares of the coffee company’s stock valued at $257,000 after acquiring an additional 474 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Starbucks by 12.3% during the 1st quarter. Great Lakes Advisors LLC now owns 55,562 shares of the coffee company’s stock valued at $5,055,000 after buying an additional 6,105 shares in the last quarter. Jacobi Capital Management LLC lifted its position in Starbucks by 9.4% in the 1st quarter. Jacobi Capital Management LLC now owns 12,487 shares of the coffee company’s stock worth $1,136,000 after buying an additional 1,071 shares during the last quarter. Stiles Financial Services Inc boosted its stake in Starbucks by 7.3% in the first quarter. Stiles Financial Services Inc now owns 8,417 shares of the coffee company’s stock worth $766,000 after buying an additional 571 shares in the last quarter. Finally, Freemont Management S.A. purchased a new stake in Starbucks in the first quarter worth approximately $7,161,000. Institutional investors and hedge funds own 69.21% 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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