Starbucks (NASDAQ:SBUX) Stock Rating Upgraded by Argus

Starbucks (NASDAQ:SBUX) was upgraded by Argus from a “hold” rating to a “buy” rating in a research note issued on Tuesday,Finviz reports. The firm presently has a $115.00 target price on the coffee company’s stock. Argus’ price objective would suggest a potential upside of 16.07% from the stock’s current price.

SBUX has been the subject of several other research reports. UBS Group raised their price target 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. Barclays lifted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on shares of Starbucks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus lifted their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

Starbucks Stock Up 1.0 %

Shares of SBUX stock opened at $99.08 on Tuesday. Starbucks has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market capitalization of $112.54 billion, a PE ratio of 31.96, a P/E/G ratio of 3.59 and a beta of 0.99. The firm has a 50 day moving average of $104.94 and a two-hundred day moving average of $99.28.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS 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 period in the previous year, the firm posted $0.90 earnings per share. Analysts expect that Starbucks will post 2.99 EPS for the current fiscal year.

Institutional Trading of Starbucks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at about $62,000. Arizona State Retirement System boosted its holdings in Starbucks by 0.8% during the fourth quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company’s stock worth $29,881,000 after buying an additional 2,722 shares in the last quarter. West Michigan Advisors LLC purchased a new stake in Starbucks during the fourth quarter worth about $265,000. Wernau Asset Management Inc. purchased a new stake in Starbucks during the fourth quarter worth about $258,000. Finally, Investment Management Corp of Ontario boosted its holdings in Starbucks by 48.6% during the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company’s stock worth $3,664,000 after buying an additional 12,300 shares in the last quarter. Hedge funds and other institutional investors 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.