Bank of Jackson Hole Trust Invests $555,000 in Starbucks Co. (NASDAQ:SBUX)

Bank of Jackson Hole Trust purchased a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,078 shares of the coffee company’s stock, valued at approximately $555,000.

Other large investors have also made changes to their positions in the company. Financial Life Planners purchased a new position in Starbucks in the 4th quarter worth $25,000. Collier Financial purchased a new position in Starbucks in the 4th quarter worth $27,000. DT Investment Partners LLC raised its stake in Starbucks by 39.4% in the 3rd quarter. DT Investment Partners LLC now owns 428 shares of the coffee company’s stock worth $42,000 after acquiring an additional 121 shares during the last quarter. Morton Brown Family Wealth LLC raised its stake in Starbucks by 43.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 505 shares of the coffee company’s stock worth $46,000 after acquiring an additional 154 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in Starbucks in the 3rd quarter worth $49,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBUX has been the subject of a number of research analyst reports. Barclays raised their target price on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Stifel Nicolaus raised their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group lifted their price objective on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wedbush lifted their price objective on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and an average price target of $105.33.

Insider Buying and Selling

In other news, CFO Rachel Ruggeri sold 1,491 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total transaction of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. The trade was a 1.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

Starbucks Trading Up 0.4 %

SBUX stock opened at $113.03 on Wednesday. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $113.47. The stock has a market cap of $128.39 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 3.55 and a beta of 1.00. The business’s 50-day moving average is $98.85 and its 200 day moving average is $96.66.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period in the previous year, the business posted $0.90 EPS. As a group, equities analysts forecast that Starbucks Co. will post 3 EPS 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.