Starbucks Corporation (NASDAQ:SBUX) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC increased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 59.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,754 shares of the coffee company's stock after acquiring an additional 5,492 shares during the quarter. Schechter Investment Advisors LLC's holdings in Starbucks were worth $1,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. acquired a new position in Starbucks in the 4th quarter valued at about $25,000. Graney & King LLC acquired a new position in shares of Starbucks in the 4th quarter worth approximately $26,000. Runnymede Capital Advisors Inc. purchased a new stake in Starbucks during the 4th quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new stake in Starbucks during the 4th quarter worth approximately $32,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in Starbucks during the 4th quarter worth approximately $41,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Down 0.2%

Shares of SBUX opened at $94.94 on Monday. The company has a 50-day simple moving average of $89.10 and a 200-day simple moving average of $94.54. The company has a market capitalization of $107.89 billion, a PE ratio of 34.40, a P/E/G ratio of 4.86 and a beta of 1.02. 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 announced its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.90 billion. Starbucks had a net margin of 8.61% and a negative return on equity of 42.14%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. On average, research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SBUX. UBS Group dropped their price objective on shares of Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada increased their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, June 11th. Stifel Nicolaus increased their price objective on shares of Starbucks from $92.00 to $105.00 and gave the company a "buy" rating in a research report on Friday. Robert W. Baird reaffirmed a "neutral" rating and issued a $85.00 target price (down from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $95.00 target price (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $98.73.

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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