Stephens Inc. AR Grows Stake in Starbucks Corporation (NASDAQ:SBUX)

Stephens Inc. AR increased its holdings in Starbucks Corporation (NASDAQ:SBUX - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,388 shares of the coffee company's stock after purchasing an additional 3,755 shares during the quarter. Stephens Inc. AR's holdings in Starbucks were worth $6,806,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new position in Starbucks in the 4th quarter valued at $25,000. Graney & King LLC acquired a new stake in shares of Starbucks in the fourth quarter valued at about $26,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Starbucks in the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda acquired a new position in Starbucks during the fourth quarter worth about $32,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in Starbucks during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Price Performance

Shares of NASDAQ:SBUX traded down $1.52 during trading on Monday, reaching $93.42. The company had a trading volume of 6,038,145 shares, compared to its average volume of 10,437,730. Starbucks Corporation has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The stock's fifty day moving average price is $89.10 and its 200 day moving average price is $94.54. The firm has a market capitalization of $106.16 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 4.86 and a beta of 1.02.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued 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 firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The company's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. On average, equities analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on SBUX. Wells Fargo & Company dropped their price target on Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI reiterated 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. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Starbucks from $105.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, BMO Capital Markets cut their price target on shares of Starbucks from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $98.92.

About Starbucks

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.