U.S. Capital Wealth Advisors LLC Buys 3,947 Shares of Starbucks Corporation (NASDAQ:SBUX)

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Starbucks Corporation (NASDAQ:SBUX - Free Report) by 81.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,787 shares of the coffee company's stock after purchasing an additional 3,947 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Starbucks were worth $862,000 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. bought a new stake in Starbucks during the 4th quarter valued at approximately $25,000. Graney & King LLC bought a new stake in Starbucks during the 4th quarter valued at approximately $26,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks during the 4th quarter valued at approximately $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Starbucks in the 4th quarter worth approximately $32,000. Finally, Ball & Co Wealth Management Inc. bought a new stake in shares of Starbucks in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SBUX. Royal Bank Of Canada boosted their price target on Starbucks from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 11th. Sanford C. Bernstein boosted their price objective on shares of Starbucks from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wells Fargo & Company decreased their price objective on shares of Starbucks from $125.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a report on Tuesday, March 18th. Finally, Stifel Nicolaus boosted their price objective on shares of Starbucks from $92.00 to $105.00 and gave the stock a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $98.73.

Starbucks Stock Down 0.2%

SBUX stock traded down $0.21 during midday trading on Friday, hitting $94.94. The company's stock had a trading volume of 6,339,055 shares, compared to its average volume of 10,851,998. Starbucks Corporation has a 12 month low of $71.55 and a 12 month high of $117.46. The firm has a market capitalization of $107.89 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 4.86 and a beta of 1.02. The company has a 50 day moving average of $89.10 and a two-hundred day moving average of $94.52.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

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.