Gryphon Financial Partners LLC Sells 522 Shares of Starbucks Co. (NASDAQ:SBUX)

Gryphon Financial Partners LLC decreased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 18.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,339 shares of the coffee company’s stock after selling 522 shares during the period. Gryphon Financial Partners LLC’s holdings in Starbucks were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Keystone Wealth Services LLC boosted its stake in Starbucks by 58.3% during the fourth quarter. Keystone Wealth Services LLC now owns 16,069 shares of the coffee company’s stock valued at $1,466,000 after buying an additional 5,918 shares during the last quarter. Grandfield & Dodd LLC raised its holdings in shares of Starbucks by 30.3% during the 4th quarter. Grandfield & Dodd LLC now owns 59,297 shares of the coffee company’s stock worth $5,411,000 after acquiring an additional 13,796 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in Starbucks by 5.0% during the fourth quarter. Fidelis Capital Partners LLC now owns 8,227 shares of the coffee company’s stock valued at $751,000 after purchasing an additional 395 shares during the last quarter. Investment Partners LTD. increased its holdings in shares of Starbucks by 6.1% in the 4th quarter. Investment Partners LTD. now owns 4,152 shares of the coffee company’s stock worth $379,000 after buying an additional 240 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Starbucks in the 4th quarter valued at about $1,357,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 0.3 %

Shares of SBUX stock opened at $115.41 on Tuesday. The company has a market cap of $131.09 billion, a PE ratio of 37.23, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12-month low of $71.55 and a 12-month high of $117.46. The business’s fifty day simple moving average is $102.67 and its 200-day simple moving average is $98.68.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 prior year, the firm earned $0.90 earnings per share. On average, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SBUX shares. BMO Capital Markets boosted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Stifel Nicolaus increased their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays upped their target price on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Wedbush boosted their price objective on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.