SevenBridge Financial Group LLC Acquires 5,178 Shares of Starbucks Co. (NASDAQ:SBUX)

SevenBridge Financial Group LLC lifted its stake in Starbucks Co. (NASDAQ:SBUX) by 142.3% during the 4th quarter, Holdings Channel reports. The firm owned 8,817 shares of the coffee company’s stock after acquiring an additional 5,178 shares during the period. SevenBridge Financial Group LLC’s holdings in Starbucks were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SBUX. Financial Life Planners bought a new position in Starbucks during the fourth quarter worth about $25,000. Graney & King LLC bought a new position in Starbucks during the 4th quarter worth approximately $26,000. Collier Financial acquired a new position in Starbucks during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in Starbucks in the fourth quarter valued at approximately $27,000. Finally, Marshall Investment Management LLC acquired a new stake in Starbucks in the fourth quarter worth $30,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SBUX shares. BMO Capital Markets boosted their price target on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Barclays increased 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. Wells Fargo & Company lifted 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. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Wedbush lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Starbucks presently has an average rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks Trading Up 0.1 %

Shares of NASDAQ SBUX opened at $98.23 on Wednesday. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The stock has a 50 day moving average of $105.81 and a 200-day moving average of $99.54. The company has a market capitalization of $111.58 billion, a P/E ratio of 31.69, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating 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 in the prior year, the company earned $0.90 EPS. Analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Starbucks Profile

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.