Brokerages Set Starbucks Co. (NASDAQ:SBUX) Target Price at $105.75

Starbucks Co. (NASDAQ:SBUX) has received an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $106.12.

A number of brokerages have recently weighed in on SBUX. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Stifel Nicolaus lifted their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday. Wells Fargo & Company raised their price target on Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Barclays raised their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SBUX. Financial Life Planners bought a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Graney & King LLC bought a new position in shares of Starbucks during the 4th quarter worth approximately $26,000. Collier Financial bought a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Performance

Shares of SBUX stock opened at $97.07 on Monday. Starbucks has a 52-week low of $71.55 and a 52-week high of $117.46. The stock has a market cap of $110.26 billion, a PE ratio of 31.31, a PEG ratio of 3.59 and a beta of 0.99. The firm’s 50 day moving average price is $105.41 and its two-hundred day moving average price is $99.32.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same period in the previous year, the firm earned $0.90 EPS. As a group, sell-side analysts predict that Starbucks 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.