Yousif Capital Management LLC reduced its stake in Starbucks Co. (NASDAQ:SBUX - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,517 shares of the coffee company's stock after selling 3,672 shares during the quarter. Yousif Capital Management LLC's holdings in Starbucks were worth $11,037,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in SBUX. University of Texas Texas AM Investment Management Co. acquired a new stake in Starbucks during the fourth quarter worth about $25,000. Graney & King LLC acquired a new stake in Starbucks during the fourth quarter worth about $26,000. Collier Financial acquired a new stake in Starbucks during the fourth quarter worth about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in Starbucks during the fourth quarter worth about $27,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $30,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
Starbucks Price Performance
Shares of NASDAQ SBUX traded down $1.07 during mid-day trading on Thursday, hitting $94.32. The company had a trading volume of 7,179,038 shares, compared to its average volume of 11,062,770. The stock has a market cap of $107.19 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The firm's 50 day simple moving average is $84.89 and its two-hundred day simple moving average is $94.98.
Starbucks (NASDAQ:SBUX - Get Free Report) last announced 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). The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have recently issued reports on SBUX. Wells Fargo & Company lowered their target price on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird reiterated a "neutral" rating and issued a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research note on Monday, April 7th. BMO Capital Markets lowered their target price on Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Argus upgraded Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price for the company in a research note on Tuesday, March 18th. Finally, Cowen lowered Starbucks from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $98.96.
Read Our Latest Stock Analysis on SBUX
Starbucks Company Profile
(
Free Report)
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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