Inkwell Capital LLC Makes New $3.46 Million Investment in Starbucks Co. (NASDAQ:SBUX)

Inkwell Capital LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,872 shares of the coffee company’s stock, valued at approximately $3,456,000. Starbucks comprises 3.7% of Inkwell Capital LLC’s portfolio, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new position in Starbucks in the 4th quarter valued at $25,000. Graney & King LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at about $26,000. Collier Financial purchased a new position in Starbucks in the fourth quarter valued at about $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks in the fourth quarter worth $27,000. Finally, Marshall Investment Management LLC bought a new position in Starbucks during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of SBUX opened at $97.73 on Friday. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46. The stock has a 50-day moving average of $105.75 and a two-hundred day moving average of $99.54. The stock has a market cap of $111.01 billion, a P/E ratio of 31.53, a P/E/G ratio of 3.59 and a beta of 0.99.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company earned $0.90 earnings per share. Analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wedbush boosted their price target on shares of Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets lifted their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. UBS Group upped their price objective on shares of Starbucks from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Finally, Stifel Nicolaus boosted their target price on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.12.

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.