Tigress Financial Reiterates Buy Rating for Starbucks (NASDAQ:SBUX)

Starbucks (NASDAQ:SBUXGet Rating)‘s stock had its “buy” rating reissued by stock analysts at Tigress Financial in a research note issued to investors on Friday, Benzinga reports. They presently have a $136.00 price target on the coffee company’s stock. Tigress Financial’s price target indicates a potential upside of 29.47% from the company’s previous close.

SBUX has been the topic of several other research reports. Evercore ISI raised their price objective on Starbucks from $95.00 to $97.00 in a report on Friday, November 4th. Jefferies Financial Group downgraded Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Wednesday, December 21st. Wedbush raised their target price on Starbucks from $92.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, November 4th. Credit Suisse Group raised their target price on Starbucks from $103.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. Finally, Guggenheim raised their target price on Starbucks from $92.00 to $103.00 in a research report on Friday, January 6th. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Starbucks has an average rating of “Hold” and an average target price of $105.12.

Starbucks Stock Performance

Shares of SBUX stock opened at $105.04 on Friday. The stock’s fifty day moving average price is $101.39 and its two-hundred day moving average price is $91.46. The company has a market cap of $120.56 billion, a PE ratio of 37.25, a P/E/G ratio of 2.26 and a beta of 0.89. Starbucks has a fifty-two week low of $68.39 and a fifty-two week high of $107.60.

Starbucks (NASDAQ:SBUXGet Rating) last issued its earnings results on Thursday, November 3rd. The coffee company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The firm had revenue of $8.41 billion for the quarter, compared to the consensus estimate of $8.43 billion. Starbucks had a negative return on equity of 39.85% and a net margin of 10.18%. On average, equities analysts predict that Starbucks will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Rachel Ruggeri sold 3,960 shares of Starbucks stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $106.50, for a total value of $421,740.00. Following the sale, the chief financial officer now owns 57,962 shares of the company’s stock, valued at approximately $6,172,953. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Starbucks news, CFO Rachel Ruggeri sold 3,960 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $106.50, for a total transaction of $421,740.00. Following the sale, the chief financial officer now owns 57,962 shares of the company’s stock, valued at approximately $6,172,953. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clara Shih sold 7,000 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $103.29, for a total transaction of $723,030.00. Following the sale, the director now directly owns 13,661 shares in the company, valued at approximately $1,411,044.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,280 shares of company stock valued at $2,663,595. 0.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. New Millennium Group LLC bought a new position in shares of Starbucks in the second quarter worth $25,000. My Personal CFO LLC bought a new position in shares of Starbucks in the fourth quarter worth $25,000. Piershale Financial Group Inc. bought a new position in shares of Starbucks in the fourth quarter worth $25,000. Hillsdale Investment Management Inc. purchased a new position in Starbucks in the third quarter worth $27,000. Finally, Castle Wealth Management LLC purchased a new position in Starbucks in the second quarter worth $28,000. Institutional investors own 69.16% of the company’s stock.

About Starbucks

(Get Rating)

Starbucks Corp. engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America, International, Channel Development, and Corporate and Other. The North America segment focuses on the United States and Canada. The International segment is involved in China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and Caribbean.

Further Reading

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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