Brueske Advisory Services LLC Makes New $1.57 Million Investment in Starbucks Co. (NASDAQ:SBUX)

Brueske Advisory Services LLC purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,199 shares of the coffee company’s stock, valued at approximately $1,569,000. Starbucks comprises approximately 1.4% of Brueske Advisory Services LLC’s holdings, making the stock its 13th largest holding.

A number of other hedge funds also recently made changes to their positions in SBUX. Financial Life Planners acquired a new position in Starbucks in the fourth quarter worth approximately $25,000. Collier Financial acquired a new stake in shares of Starbucks during the 4th quarter valued at $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks during the 4th quarter valued at $30,000. Centricity Wealth Management LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at $36,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Starbucks in the 3rd quarter valued at $49,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX stock opened at $113.00 on Thursday. The stock’s 50-day simple moving average is $101.04 and its 200-day simple moving average is $98.10. The firm has a market capitalization of $128.36 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 3.59 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $115.24.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results 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 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. As a group, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. BMO Capital Markets upped their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Citigroup boosted their price target on shares of Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Redburn Atlantic reiterated a “sell” rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Finally, Barclays raised their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

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.