Little House Capital LLC Buys Shares of 20,960 Starbucks Corporation (NASDAQ:SBUX)

Little House Capital LLC purchased a new stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,960 shares of the coffee company's stock, valued at approximately $2,056,000.

A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Starbucks during the 4th quarter worth $1,244,812,000. Capital World Investors raised its position in Starbucks by 20.1% during the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock worth $5,011,796,000 after purchasing an additional 9,174,682 shares during the last quarter. FMR LLC raised its position in Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after purchasing an additional 5,348,790 shares during the last quarter. Capital Research Global Investors raised its position in shares of Starbucks by 167.6% in the 4th quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company's stock worth $519,230,000 after acquiring an additional 3,563,942 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Starbucks in the 4th quarter worth about $284,283,000. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SBUX has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Royal Bank Of Canada boosted their target price on Starbucks from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, June 11th. UBS Group decreased their target price on Starbucks from $105.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Argus raised Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research report on Tuesday, March 18th. Three equities research 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $98.76.

Starbucks Stock Up 0.3%

Shares of SBUX opened at $92.11 on Friday. The company has a 50-day simple moving average of $86.80 and a 200-day simple moving average of $94.35. The company has a market capitalization of $104.67 billion, a PE ratio of 33.37, a P/E/G ratio of 4.70 and a beta of 1.00. Starbucks Corporation has a 52-week low of $71.55 and a 52-week high of $117.46.

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 (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same period in the prior year, the business earned $0.68 earnings per share. Starbucks's revenue for the quarter was up 2.3% on a year-over-year basis. On average, research 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.

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