Starbucks (NASDAQ:SBUX) Earns Hold Rating from TD Securities

TD Securities reiterated their hold rating on shares of Starbucks (NASDAQ:SBUX) in a report issued on Wednesday morning,Benzinga reports. TD Securities currently has a $90.00 price target on the coffee company’s stock.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group downgraded Starbucks from a “buy” rating to a “neutral” rating and cut their target price for the stock from $103.00 to $85.00 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on Starbucks from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company lowered their target price on shares of Starbucks from $125.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada downgraded shares of Starbucks from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 29th. Finally, Stifel Nicolaus reduced their price target on shares of Starbucks from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Starbucks currently has an average rating of “Hold” and a consensus price target of $98.12.

Starbucks Trading Up 4.3%

Shares of Starbucks stock opened at $95.39 on Wednesday. The company has a market cap of $108.40 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 3.59 and a beta of 1.00. The company’s fifty day simple moving average is $84.61 and its 200-day simple moving average is $95.03. Starbucks has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same quarter last year, the firm posted $0.68 earnings per share. Starbucks’s revenue was up 2.3% on a year-over-year basis. As a group, research analysts forecast that Starbucks will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Starbucks

Institutional investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Starbucks during the fourth quarter worth $25,000. Hughes Financial Services LLC acquired a new position in shares of Starbucks during the 1st quarter worth about $27,000. Graney & King LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $26,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock valued at $28,000 after acquiring an additional 159 shares during the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Starbucks in the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.