Starbucks Co. (NASDAQ:SBUX) Shares Sold by Fairscale Capital LLC

Fairscale Capital LLC lessened its position in shares of Starbucks Co. (NASDAQ:SBUX) by 21.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 971 shares of the coffee company’s stock after selling 260 shares during the period. Fairscale Capital LLC’s holdings in Starbucks were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Financial Life Planners acquired a new position in Starbucks during the fourth quarter worth about $25,000. Collier Financial purchased a new position in shares of Starbucks during the 4th quarter worth approximately $27,000. Marshall Investment Management LLC purchased a new position in shares of Starbucks during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of Starbucks during the 4th quarter worth approximately $30,000. Finally, Centricity Wealth Management LLC purchased a new stake in Starbucks in the 4th quarter valued at approximately $36,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SBUX. Barclays raised their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a research report on Friday, January 24th. Stifel Nicolaus upped their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. TD Cowen reiterated a “buy” rating and set a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Finally, UBS Group boosted their price objective on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.75.

Starbucks Stock Up 1.0 %

Shares of SBUX stock opened at $106.48 on Monday. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $117.46. The firm’s 50 day moving average price is $104.10 and its two-hundred day moving average price is $99.13. The stock has a market cap of $120.95 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99.

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 net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter last year, the business posted $0.90 EPS. On average, equities analysts forecast that Starbucks Co. will post 2.99 EPS for the current fiscal year.

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.