Dudley Capital Management LLC Sells 968 Shares of Starbucks Co. (NASDAQ:SBUX)

Dudley Capital Management LLC lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 9.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,867 shares of the coffee company’s stock after selling 968 shares during the period. Dudley Capital Management LLC’s holdings in Starbucks were worth $809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBUX. Financial Life Planners purchased a new position in shares of Starbucks in the 4th quarter valued at $25,000. Collier Financial bought a new stake in Starbucks during the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. purchased a new position in Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC bought a new position in Starbucks in the fourth quarter worth about $30,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Starbucks during the fourth quarter valued at about $30,000. 72.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SBUX shares. Stifel Nicolaus boosted their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. UBS Group lifted their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Finally, Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

Starbucks Stock Down 1.4 %

Shares of SBUX stock opened at $95.72 on Tuesday. The stock has a market cap of $108.73 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $117.46. The business has a 50-day simple moving average of $105.45 and a 200-day simple moving average of $99.44.

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. Sell-side analysts anticipate that Starbucks Co. 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.