Starbucks (NASDAQ:SBUX) Earns “Neutral” Rating from Robert W. Baird

Starbucks (NASDAQ:SBUX)‘s stock had its “neutral” rating restated by analysts at Robert W. Baird in a research report issued on Monday,Benzinga reports. They presently have a $85.00 price objective on the coffee company’s stock, down from their previous price objective of $114.00. Robert W. Baird’s price objective indicates a potential upside of 3.53% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Wells Fargo & Company increased their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. BMO Capital Markets raised their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wedbush increased their price objective on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.12.

Starbucks Price Performance

SBUX opened at $82.10 on Monday. The firm has a market capitalization of $93.26 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company’s 50 day simple moving average is $105.32 and its two-hundred day simple moving average is $99.41. Starbucks has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 quarter in the prior year, the business earned $0.90 EPS. On average, equities analysts anticipate that Starbucks will post 2.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.