2 days Ago By ABMN Staff
Starbucks ( NASDAQ:SBUX – Get Free Report ) had its price target reduced by analysts at Stifel Nicolaus from $114.00 to $103.00 in a research note issued on Tuesday, Marketbeat.
com reports. The brokerage presently has a “buy” rating on the coffee company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 27.
54% from the company’s current price. A number of other analysts have also recently weighed in on the stock. Baird R W cut shares of Starbucks from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th.
Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Jefferies Financial Group upgraded Starbucks from an “underperform” rating to a “hold” rating and set a $76.
00 target price for the company in a research note on Wednesday, April 9th. Barclays raised their price target on Starbucks from $119.00 to $124.
00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Citigroup lowered their price objective on Starbucks from $100.00 to $88.
00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.24. Get Our Latest Analysis on Starbucks Starbucks Stock Performance Starbucks ( NASDAQ:SBUX – Get Free Report ) last issued its earnings results on Tuesday, January 28th.
The coffee company reported $0.69 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 last year, the business posted $0.90 earnings per share.
As a group, research analysts forecast that Starbucks will post 2.99 EPS for the current year. Hedge Funds Weigh In On Starbucks Large investors have recently made changes to their positions in the business.
Strategic Financial Concepts LLC acquired a new position in Starbucks in the fourth quarter worth approximately $62,000. Arizona State Retirement System grew its holdings in shares of Starbucks by 0.8% in the 4th quarter.
Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock worth $29,881,000 after acquiring an additional 2,722 shares during the last quarter. West Michigan Advisors LLC acquired a new stake in shares of Starbucks during the fourth quarter worth $265,000. Wernau Asset Management Inc.
purchased a new stake in shares of Starbucks during the fourth quarter valued at $258,000. Finally, OFI Invest Asset Management acquired a new position in shares of Starbucks in the 4th quarter valued at $9,497,000. Institutional investors own 72.
29% of the company’s stock. About Starbucks ( Get Free Report ) 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. See Also Receive News & Ratings for Starbucks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks and related companies with MarketBeat.com's FREE daily email newsletter .
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