Revisor Wealth Management LLC Boosts Stake in Starbucks Corporation $SBUX

Key Points

• Revisor Wealth Management LLC significantly increased its stake in Starbucks by 226.7% during the second quarter, now owning 7,513 shares valued at approximately $715,000.
• Starbucks reported quarterly earnings of $0.50 per share, missing analysts' expectations of $0.64, but its revenue was up 3.8% year-over-year at $9.46 billion.
• Analysts have set a collection of new price targets for Starbucks, ranging from $99.00 to $165.00, with the consensus average price target at $104.40.

Revisor Wealth Management LLC lifted its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 226.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,513 shares of the coffee company's stock after purchasing an additional 5,213 shares during the quarter. Revisor Wealth Management LLC's holdings in Starbucks were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Hughes Financial Services LLC purchased a new stake in Starbucks during the first quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its position in Starbucks by 125.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company's stock valued at $28,000 after acquiring an additional 159 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Starbucks during the first quarter valued at $29,000. Nova Wealth Management Inc. increased its position in Starbucks by 285.4% during the first quarter. Nova Wealth Management Inc. now owns 316 shares of the coffee company's stock valued at $31,000 after acquiring an additional 234 shares during the last quarter. Finally, Activest Wealth Management increased its position in Starbucks by 78.0% during the first quarter. Activest Wealth Management now owns 331 shares of the coffee company's stock valued at $32,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $85.29 on Tuesday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The firm has a market capitalization of $96.95 billion, a P/E ratio of 36.76, a P/E/G ratio of 5.05 and a beta of 1.00. The stock has a 50 day moving average price of $89.17 and a 200 day moving average price of $89.33.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.14). Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same period in the prior year, the business posted $0.93 earnings per share. Starbucks's revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts forecast that Starbucks Corporation will post 2.99 EPS for the current year.

Analysts Set New Price Targets

SBUX has been the subject of several recent research reports. Loop Capital set a $165.00 price target on Starbucks in a report on Tuesday, August 12th. Evercore ISI reissued an "outperform" rating and set a $105.00 price target (up previously from $95.00) on shares of Starbucks in a report on Tuesday, June 24th. Robert W. Baird raised Starbucks from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $100.00 to $115.00 in a report on Tuesday, August 12th. Citigroup dropped their price objective on Starbucks from $100.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $115.00 price objective (up previously from $100.00) on shares of Starbucks in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $104.40.

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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