Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 139 Shares of Starbucks Co. (NASDAQ:SBUX)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its holdings in Starbucks Co. (NASDAQ:SBUX) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,275 shares of the coffee company’s stock after selling 139 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Starbucks were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Starbucks in the 4th quarter worth about $25,000. Collier Financial acquired a new stake in shares of Starbucks in the 4th quarter valued at about $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $30,000. Noble Wealth Management PBC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $30,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $36,000. 72.29% of the stock is owned by institutional investors.

Starbucks Trading Up 1.0 %

NASDAQ:SBUX opened at $106.48 on Friday. The stock has a market capitalization of $120.95 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. The firm’s 50 day moving average is $104.10 and its 200 day moving average is $99.08. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 posted $0.90 EPS. Research analysts predict that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on SBUX shares. BMO Capital Markets raised their target price on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays lifted their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently 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.