Inscription Capital LLC Takes Position in Starbucks Corporation (NASDAQ:SBUX)

Inscription Capital LLC purchased a new stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,000 shares of the coffee company's stock, valued at approximately $1,554,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital & Planning LLC boosted its position in shares of Starbucks by 40.7% during the fourth quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock valued at $1,099,000 after buying an additional 3,483 shares during the period. Brighton Jones LLC grew its position in 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 during the last quarter. Everhart Financial Group Inc. increased its stake in Starbucks by 9.7% in the fourth quarter. Everhart Financial Group Inc. now owns 4,420 shares of the coffee company's stock worth $403,000 after purchasing an additional 390 shares during the period. Legacy Capital Wealth Partners LLC lifted its position in shares of 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 purchasing an additional 245 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Price Performance

NASDAQ:SBUX traded up $0.52 during mid-day trading on Wednesday, hitting $92.11. The company's stock had a trading volume of 1,412,329 shares, compared to its average volume of 10,667,734. The stock has a market cap of $104.67 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 4.69 and a beta of 1.00. The business's fifty day moving average is $85.50 and its two-hundred day moving average is $94.75. Starbucks Corporation has a 1 year low of $71.55 and a 1 year high of $117.46.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on SBUX shares. Baird R W downgraded shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. BMO Capital Markets reduced their target price on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $95.00 price target (up previously from $85.00) on shares of Starbucks in a report on Thursday, June 12th. Guggenheim reduced their price objective on Starbucks from $95.00 to $83.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Jefferies Financial Group raised Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 target price for the company in a research report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.