D.A. Davidson & CO. Has $19.79 Million Holdings in Starbucks Corporation (NASDAQ:SBUX)

D.A. Davidson & CO. decreased its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,753 shares of the coffee company's stock after selling 3,775 shares during the period. D.A. Davidson & CO.'s holdings in Starbucks were worth $19,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Rosenberg Matthew Hamilton lifted its holdings in shares of Starbucks by 27.7% during the first quarter. Rosenberg Matthew Hamilton now owns 3,347 shares of the coffee company's stock valued at $328,000 after purchasing an additional 727 shares during the last quarter. Xcel Wealth Management LLC boosted its holdings in shares of Starbucks by 4.0% in the first quarter. Xcel Wealth Management LLC now owns 4,954 shares of the coffee company's stock worth $486,000 after buying an additional 189 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Starbucks by 0.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 97,565 shares of the coffee company's stock worth $9,570,000 after buying an additional 436 shares during the period. Teacher Retirement System of Texas increased its position in shares of Starbucks by 226.7% in the first quarter. Teacher Retirement System of Texas now owns 218,367 shares of the coffee company's stock worth $21,420,000 after acquiring an additional 151,524 shares in the last quarter. Finally, Revisor Wealth Management LLC acquired a new stake in shares of Starbucks during the first quarter valued at approximately $226,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Starbucks Price Performance

Shares of SBUX traded up $0.26 during midday trading on Thursday, hitting $94.44. The stock had a trading volume of 3,557,273 shares, compared to its average volume of 10,930,626. The firm has a market cap of $107.32 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 4.82 and a beta of 1.02. The company has a 50 day simple moving average of $87.51 and a two-hundred day simple moving average of $94.26. Starbucks Corporation has a twelve month low of $71.55 and a twelve month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share 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 analyst estimates of $8.90 billion. During the same period last year, the company earned $0.68 EPS. The company's revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

SBUX has been the topic of several research analyst reports. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their target price on Starbucks from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Citigroup upped their price target on Starbucks from $84.00 to $95.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Robert W. Baird reaffirmed a "neutral" rating and set a $85.00 target price (down previously from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Finally, Wall Street Zen downgraded shares of Starbucks from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $98.23.

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.