Autumn Glory Partners LLC Buys 314 Shares of Starbucks Corporation (NASDAQ:SBUX)

Autumn Glory Partners LLC boosted its stake in Starbucks Corporation (NASDAQ:SBUX) by 2.8% during the 1st quarter, HoldingsChannel reports. The fund owned 11,582 shares of the coffee company’s stock after acquiring an additional 314 shares during the quarter. Autumn Glory Partners LLC’s holdings in Starbucks were worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. TrinityPoint Wealth LLC lifted its position in Starbucks by 2.7% in the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company’s stock valued at $312,000 after acquiring an additional 89 shares in the last quarter. Pioneer Trust Bank N A OR lifted its position in Starbucks by 0.8% during the 4th quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company’s stock worth $1,032,000 after buying an additional 92 shares in the last quarter. Wintrust Investments LLC lifted its position in Starbucks by 7.1% during the 4th quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company’s stock worth $128,000 after buying an additional 94 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in Starbucks by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company’s stock worth $93,000 after buying an additional 97 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Starbucks by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 2,860 shares of the coffee company’s stock worth $261,000 after buying an additional 97 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SBUX shares. TD Cowen reissued a “hold” rating and set a $90.00 price target on shares of Starbucks in a research report on Thursday, May 29th. The Goldman Sachs Group reissued a “neutral” rating and set a $95.00 price target (up from $85.00) on shares of Starbucks in a research report on Thursday, June 12th. Baird R W cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Barclays cut their price target on shares of Starbucks from $106.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group raised shares of Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price target on the stock in a research report on Wednesday, April 9th. Three 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 MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.96.

Starbucks Stock Up 0.8%

Shares of NASDAQ:SBUX opened at $92.28 on Thursday. The company’s 50 day moving average price is $85.57 and its two-hundred day moving average price is $94.74. Starbucks Corporation has a 12-month low of $71.55 and a 12-month high of $117.46. The firm has a market cap of $104.87 billion, a PE ratio of 33.43, a PEG ratio of 4.66 and a beta of 1.00.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $8.90 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts expect that Starbucks Corporation will post 2.99 EPS for the current year.

Starbucks 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.