Starbucks (NASDAQ:SBUX) Stock Rating Lowered by Baird R W

Starbucks (NASDAQ:SBUX) was downgraded by equities research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Marketbeat.com reports.

Several other brokerages also recently commented on SBUX. UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wedbush raised their target price 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. BMO Capital Markets upped 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. Robert W. Baird reissued a “neutral” rating and set a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a research report on Monday. Finally, Argus upgraded Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, Starbucks currently has an average rating of “Moderate Buy” and an average target price of $105.12.

Starbucks Stock Down 0.4 %

SBUX stock opened at $79.69 on Monday. The company has a market capitalization of $90.52 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 3.59 and a beta of 1.00. The firm has a 50 day moving average of $103.92 and a two-hundred day moving average of $99.04. Starbucks has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 quarter last year, the company earned $0.90 EPS. On average, research analysts expect that Starbucks will post 2.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Starbucks in the fourth quarter worth $1,244,812,000. Capital World Investors raised its holdings in shares of Starbucks by 20.1% in the fourth quarter. Capital World Investors now owns 54,924,230 shares of the coffee company’s stock valued at $5,011,796,000 after buying an additional 9,174,682 shares during the last quarter. FMR LLC lifted its position in Starbucks by 27.0% during the 4th quarter. FMR LLC now owns 25,128,649 shares of the coffee company’s stock worth $2,292,989,000 after buying an additional 5,348,790 shares in the last quarter. Capital Research Global Investors grew its holdings in Starbucks by 167.6% during the 4th quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company’s stock worth $519,230,000 after acquiring an additional 3,563,942 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Starbucks in the fourth quarter valued at approximately $284,283,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Company 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.