Starbucks (NASDAQ:SBUX) PT Lowered to $91.00 at Guggenheim

Starbucks (NASDAQ:SBUX) had its price target decreased by Guggenheim from $100.00 to $91.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the coffee company’s stock. Guggenheim’s price target would indicate a potential upside of 3.87% from the stock’s current price.

SBUX has been the topic of several other reports. Stifel Nicolaus dropped their price objective on Starbucks from $102.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. Stephens reiterated an “equal weight” rating and issued a $110.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Citigroup decreased their target price on Starbucks from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Wedbush reiterated a “neutral” rating and issued a $95.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $102.00 target price on shares of Starbucks in a research report on Wednesday, January 31st. Fourteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Starbucks presently has a consensus rating of “Hold” and an average target price of $106.68.

Starbucks Stock Up 0.5 %

SBUX stock opened at $87.61 on Friday. Starbucks has a 52-week low of $84.29 and a 52-week high of $115.48. The stock’s 50 day moving average is $90.94 and its two-hundred day moving average is $94.43. The company has a market capitalization of $99.19 billion, a PE ratio of 23.43, a P/E/G ratio of 1.41 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. The business had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Starbucks’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Starbucks will post 4.03 EPS for the current year.

Insiders Place Their Bets

In other Starbucks news, insider Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the transaction, the insider now owns 84,153 shares in the company, valued at approximately $7,912,906.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 7,250 shares of company stock worth $653,183. 1.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC raised its stake in shares of Starbucks by 481.9% in the 4th quarter. Cerity Partners LLC now owns 1,547,411 shares of the coffee company’s stock worth $148,567,000 after buying an additional 1,281,471 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of Starbucks by 15.4% in the 3rd quarter. Metis Global Partners LLC now owns 56,939 shares of the coffee company’s stock worth $5,197,000 after buying an additional 7,619 shares in the last quarter. Tyche Wealth Partners LLC bought a new stake in shares of Starbucks in the 4th quarter worth $794,000. Insigneo Advisory Services LLC raised its stake in shares of Starbucks by 60.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 9,464 shares of the coffee company’s stock worth $864,000 after buying an additional 3,570 shares in the last quarter. Finally, Motco raised its stake in shares of Starbucks by 1.1% in the 3rd quarter. Motco now owns 74,829 shares of the coffee company’s stock worth $6,830,000 after buying an additional 811 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.