Starbucks Corporation (NASDAQ:SBUX) Shares Acquired by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC increased its position in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 90.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,812 shares of the coffee company's stock after buying an additional 3,229 shares during the quarter. Capital Advisors Wealth Management LLC's holdings in Starbucks were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBUX. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Starbucks in the 4th quarter valued at about $25,000. Graney & King LLC purchased a new position in Starbucks in the fourth quarter valued at approximately $26,000. Runnymede Capital Advisors Inc. acquired a new position in Starbucks during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in Starbucks during the fourth quarter worth approximately $30,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Starbucks during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Stock Performance

NASDAQ:SBUX opened at $92.11 on Friday. The company has a market capitalization of $104.67 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 4.72 and a beta of 1.00. Starbucks Corporation has a one year low of $71.55 and a one year high of $117.46. The stock has a 50-day simple moving average of $86.80 and a 200 day simple moving average of $94.32.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $8.90 billion. During the same period in the prior year, the business earned $0.68 EPS. The company's quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group upgraded Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus lowered their target price on Starbucks from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets dropped their target price on Starbucks from $115.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Guggenheim decreased their price target on Starbucks from $95.00 to $83.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $98.76.

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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