AA Financial Advisors LLC Takes Position in Starbucks Co. (NASDAQ:SBUX)

AA Financial Advisors LLC acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,945 shares of the coffee company's stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital & Planning LLC grew its position in Starbucks by 40.7% in the fourth quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock valued at $1,099,000 after purchasing an additional 3,483 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock valued at $16,126,000 after acquiring an additional 81,952 shares in the last quarter. Everhart Financial Group Inc. increased its position in shares of Starbucks by 9.7% in the fourth quarter. Everhart Financial Group Inc. now owns 4,420 shares of the coffee company's stock valued at $403,000 after acquiring an additional 390 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in Starbucks by 8.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,986 shares of the coffee company's stock worth $273,000 after acquiring an additional 245 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Starbucks during the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Trading Up 0.2%

Shares of SBUX opened at $93.48 on Tuesday. The stock has a market capitalization of $106.23 billion, a PE ratio of 30.15, a P/E/G ratio of 3.59 and a beta of 1.00. The firm's 50 day moving average is $85.44 and its 200-day moving average is $94.77. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Equities research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SBUX. Wells Fargo & Company dropped their price objective on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. TD Cowen reiterated a "hold" rating and issued a $90.00 price target on shares of Starbucks in a research note on Thursday, May 29th. Citigroup boosted their price objective on shares of Starbucks from $84.00 to $95.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Finally, UBS Group cut their target price on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $98.96.

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.

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