Starbucks (NASDAQ:SBUX) Price Target Raised to $95.00

Starbucks (NASDAQ:SBUX) had its target price hoisted by Citigroup from $84.00 to $95.00 in a report issued on Thursday morning, Marketbeat reports. Citigroup currently has a neutral rating on the coffee company’s stock.

Other equities research analysts have also recently issued reports about the stock. Argus raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Tuesday, March 18th. Barclays dropped their price target on Starbucks from $106.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Guggenheim reduced their target price on shares of Starbucks from $95.00 to $83.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Royal Bank of Canada upped their price target on Starbucks from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company lowered their price target on shares of Starbucks from $125.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $98.96.

Starbucks Stock Performance

Shares of Starbucks stock opened at $93.26 on Thursday. The company has a market cap of $105.98 billion, a P/E ratio of 30.08, a PEG ratio of 3.59 and a beta of 1.00. Starbucks has a one year low of $71.55 and a one year high of $117.46. The firm has a fifty day moving average of $85.17 and a two-hundred day moving average of $94.88.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 29th. The coffee company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.90 billion. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, equities analysts predict that Starbucks will post 2.99 earnings per share for the current year.

Institutional Trading of Starbucks

A number of large investors have recently modified their holdings of the company. TrinityPoint Wealth LLC boosted its position in Starbucks by 2.7% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,421 shares of the coffee company’s stock worth $312,000 after acquiring an additional 89 shares during the period. Pioneer Trust Bank N A OR raised its position in Starbucks by 0.8% in the fourth quarter. Pioneer Trust Bank N A OR now owns 11,312 shares of the coffee company’s stock worth $1,032,000 after acquiring an additional 92 shares in the last quarter. Wintrust Investments LLC raised its position in Starbucks by 7.1% in the fourth quarter. Wintrust Investments LLC now owns 1,411 shares of the coffee company’s stock worth $128,000 after acquiring an additional 94 shares in the last quarter. Kuhn & Co Investment Counsel lifted its holdings in Starbucks by 2.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company’s stock valued at $387,000 after acquiring an additional 96 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC boosted its position in shares of Starbucks by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,014 shares of the coffee company’s stock valued at $93,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds 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.