Starbucks (NASDAQ:SBUX) Price Target Raised to $125.00

Starbucks (NASDAQ:SBUX) had its price target upped by Wells Fargo & Company from $115.00 to $125.00 in a research note issued to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the coffee company’s stock.

Several other analysts also recently weighed in on SBUX. TD Cowen restated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group upped their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Citigroup increased their price objective 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Starbucks Trading Up 1.3 %

SBUX opened at $114.49 on Tuesday. The company has a market cap of $130.05 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The stock has a fifty day simple moving average of $101.55 and a two-hundred day simple moving average of $98.22. Starbucks has a 12-month low of $71.55 and a 12-month high of $115.70.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SBUX. Financial Life Planners bought a new position in Starbucks in the 4th quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Starbucks in the fourth quarter worth about $25,000. Graney & King LLC bought a new position in shares of Starbucks in the fourth quarter worth about $26,000. Collier Financial purchased a new position in shares of Starbucks during the 4th quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

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.