Bryn Mawr Capital Management LLC Purchases 12,071 Shares of Starbucks Co. (NASDAQ:SBUX)

Bryn Mawr Capital Management LLC lifted its stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 106.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,405 shares of the coffee company's stock after purchasing an additional 12,071 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Starbucks were worth $2,136,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Kuhn & Co Investment Counsel raised its position in Starbucks by 2.3% during the fourth quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock valued at $387,000 after buying an additional 96 shares during the period. Jmac Enterprises LLC raised its stake in shares of Starbucks by 1.0% during the 4th quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock worth $912,000 after purchasing an additional 103 shares in the last quarter. Aspire Capital Advisors LLC lifted its holdings in shares of Starbucks by 0.5% during the 4th quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company's stock valued at $2,118,000 after buying an additional 104 shares during the last quarter. Optas LLC grew its stake in shares of Starbucks by 0.6% in the 4th quarter. Optas LLC now owns 16,711 shares of the coffee company's stock valued at $1,525,000 after buying an additional 105 shares in the last quarter. Finally, Boomfish Wealth Group LLC increased its holdings in Starbucks by 0.7% in the fourth quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company's stock worth $1,399,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Starbucks Trading Down 1.4 %

Shares of Starbucks stock traded down $1.59 during mid-day trading on Friday, reaching $111.75. 9,661,850 shares of the stock were exchanged, compared to its average volume of 9,790,830. The company has a market cap of $126.94 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week high of $114.68. The firm has a 50-day simple moving average of $99.44 and a 200 day simple moving average of $96.89.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $0.90 earnings per share. On average, research analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SBUX has been the topic of several recent research reports. Wells Fargo & Company raised their target price on Starbucks from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. Citigroup raised 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. Barclays boosted their price objective 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 restated an "outperform" rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Finally, BMO Capital Markets increased 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. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Starbucks presently has a consensus rating of "Moderate Buy" and an average price target of $105.33.

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.