Advisor Resource Council Buys Shares of 5,368 Starbucks Corporation (NASDAQ:SBUX)

Advisor Resource Council acquired a new position in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,368 shares of the coffee company's stock, valued at approximately $505,000.

Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in Starbucks during the fourth quarter worth $25,000. Graney & King LLC bought a new stake in shares of Starbucks in the 4th quarter worth $26,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new stake in shares of Starbucks in the 4th quarter worth $30,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Starbucks in the 4th quarter worth $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SBUX shares. Barclays reduced their target price on shares of Starbucks from $106.00 to $98.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. TD Cowen restated a "hold" rating and set a $90.00 price target on shares of Starbucks in a research report on Thursday, May 29th. Guggenheim reduced their price target on shares of Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company reduced their price target on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, TD Securities reiterated a "hold" rating and set a $90.00 target price on shares of Starbucks in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $98.96.

Starbucks Trading Down 0.8%

Shares of SBUX stock traded down $0.78 during trading hours on Monday, hitting $92.34. 7,408,410 shares of the company's stock were exchanged, compared to its average volume of 10,932,022. Starbucks Corporation has a 12-month low of $71.55 and a 12-month high of $117.46. The company has a market capitalization of $104.94 billion, a PE ratio of 33.46, a PEG ratio of 4.74 and a beta of 1.00. The business's 50 day simple moving average is $85.88 and its 200-day simple moving average is $94.54.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The business's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. Equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

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.