Bank of Jackson Hole Trust Invests $555,000 in Starbucks Co. (NASDAQ:SBUX)

Bank of Jackson Hole Trust bought a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,078 shares of the coffee company's stock, valued at approximately $555,000.

A number of other institutional investors have also made changes to their positions in SBUX. State Street Corp boosted its position in Starbucks by 1.0% in the 3rd quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock valued at $4,482,045,000 after buying an additional 437,218 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Starbucks by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after acquiring an additional 333,004 shares in the last quarter. FMR LLC increased its position in shares of Starbucks by 55.0% in the third quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock valued at $1,928,339,000 after acquiring an additional 7,015,375 shares during the last quarter. Wellington Management Group LLP raised its position in Starbucks by 100.6% during the third quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock worth $1,476,967,000 after acquiring an additional 7,598,146 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Starbucks by 2.9% in the third quarter. Fisher Asset Management LLC now owns 11,762,684 shares of the coffee company's stock valued at $1,146,744,000 after buying an additional 327,734 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on SBUX. Redburn Atlantic restated a "sell" rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Citigroup upped their price target on Starbucks from $96.00 to $99.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. UBS Group increased their price target on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Barclays upped their price target on Starbucks from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus increased their price target on Starbucks from $110.00 to $114.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Three equities 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 company's stock. According to MarketBeat.com, Starbucks has a consensus rating of "Moderate Buy" and an average price target of $105.33.

Starbucks Price Performance

Shares of NASDAQ SBUX traded down $1.59 during mid-day trading on Friday, hitting $111.75. The company had a trading volume of 9,661,850 shares, compared to its average volume of 9,790,830. The business's 50-day simple moving average is $99.44 and its 200 day simple moving average is $96.89. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $114.68. The company has a market capitalization of $126.94 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (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 business posted $0.90 earnings per share. On average, analysts expect that Starbucks Co. will post 2.99 EPS for the current 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.