Stifel Nicolaus Forecasts Strong Price Appreciation for Starbucks (NASDAQ:SBUX) Stock

Starbucks (NASDAQ:SBUX - Get Free Report) had its price target upped by stock analysts at Stifel Nicolaus from $92.00 to $105.00 in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a "buy" rating on the coffee company's stock. Stifel Nicolaus' target price points to a potential upside of 10.60% from the stock's previous close.

SBUX has been the topic of several other research reports. UBS Group cut their price target on Starbucks from $105.00 to $90.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. TD Cowen restated a "hold" rating and set a $90.00 price target on shares of Starbucks in a research note on Thursday, May 29th. Citigroup raised their price target on Starbucks from $84.00 to $95.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Wells Fargo & Company cut their price target on Starbucks from $125.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Robert W. Baird restated a "neutral" rating and set a $85.00 price target (down previously from $114.00) on shares of Starbucks in a research note on Monday, April 7th. Three equities 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $98.73.

Starbucks Price Performance

Shares of NASDAQ:SBUX traded down $0.21 on Friday, hitting $94.94. 6,339,055 shares of the company's stock were exchanged, compared to its average volume of 10,850,827. Starbucks has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a market capitalization of $107.89 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 4.87 and a beta of 1.02. The business's 50 day simple moving average is $89.10 and its two-hundred day simple moving average is $94.49.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $8.90 billion. During the same quarter last year, the business posted $0.68 earnings per share. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts forecast that Starbucks will post 2.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Capital Wealth Advisors purchased a new stake in shares of Starbucks in the fourth quarter valued at approximately $285,000. Czech National Bank increased its position in shares of Starbucks by 6.2% in the first quarter. Czech National Bank now owns 260,898 shares of the coffee company's stock valued at $25,591,000 after buying an additional 15,132 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Starbucks by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 498,511 shares of the coffee company's stock valued at $45,489,000 after buying an additional 3,130 shares in the last quarter. Personal CFO Solutions LLC increased its position in shares of Starbucks by 125.5% in the first quarter. Personal CFO Solutions LLC now owns 9,254 shares of the coffee company's stock valued at $908,000 after buying an additional 5,151 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Starbucks by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 111,106,209 shares of the coffee company's stock valued at $10,138,442,000 after buying an additional 784,432 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

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.