TD Securities Reaffirms Hold Rating for Starbucks (NASDAQ:SBUX)

Starbucks (NASDAQ:SBUX - Get Free Report)'s stock had its "hold" rating reaffirmed by equities researchers at TD Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $90.00 target price on the coffee company's stock. TD Securities' price target suggests a potential downside of 4.65% from the company's previous close.

A number of other equities analysts have also recently issued reports on the company. Cowen cut Starbucks from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Robert W. Baird reissued a "neutral" rating and set a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a research note on Monday, April 7th. BMO Capital Markets decreased their price objective 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. TD Cowen reiterated a "hold" rating and issued a $90.00 target price on shares of Starbucks in a report on Thursday, May 29th. Finally, Stifel Nicolaus reduced their price target on shares of Starbucks from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Starbucks currently has an average rating of "Hold" and a consensus target price of $98.56.

Starbucks Stock Performance

Starbucks stock traded down $1.00 during trading hours on Wednesday, reaching $94.39. 3,564,943 shares of the company's stock traded hands, compared to its average volume of 11,040,012. The firm has a market capitalization of $107.26 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.59 and a beta of 1.00. Starbucks has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The firm's 50 day moving average is $84.61 and its 200-day moving average is $95.03.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results on Tuesday, April 29th. The coffee company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.10). The business 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 44.97% and a net margin of 9.73%. Starbucks's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. Analysts predict that Starbucks will post 2.99 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SBUX. Capital & Planning LLC increased its holdings in shares of Starbucks by 40.7% during the 4th quarter. Capital & Planning LLC now owns 12,039 shares of the coffee company's stock worth $1,099,000 after acquiring an additional 3,483 shares during the last quarter. Brighton Jones LLC boosted its position in Starbucks by 86.5% during the fourth quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company's stock worth $16,126,000 after purchasing an additional 81,952 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Starbucks in the fourth quarter valued at $62,000. Empowered Funds LLC raised its position in shares of Starbucks by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,818 shares of the coffee company's stock valued at $4,181,000 after purchasing an additional 5,877 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Starbucks during the 4th quarter worth about $812,000. 72.29% of the stock is currently owned by institutional investors.

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.