Crew Capital Management Ltd. Sells 4,767 Shares of Starbucks Co. (NASDAQ:SBUX)

Crew Capital Management Ltd. trimmed its position in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 60.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,090 shares of the coffee company's stock after selling 4,767 shares during the period. Crew Capital Management Ltd.'s holdings in Starbucks were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in Starbucks during the 4th quarter valued at about $25,000. Collier Financial acquired a new stake in shares of Starbucks in the 4th quarter worth approximately $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC bought a new stake in shares of Starbucks in the 4th quarter worth approximately $30,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Starbucks in the 4th quarter worth approximately $36,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Stock Down 0.3 %

SBUX stock traded down $0.37 during trading hours on Wednesday, hitting $111.69. The company's stock had a trading volume of 11,925,032 shares, compared to its average volume of 9,966,491. The stock has a 50 day moving average price of $103.55 and a two-hundred day moving average price of $98.89. The company has a market capitalization of $126.87 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping 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 in the prior year, the company posted $0.90 earnings per share. Sell-side analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SBUX. TD Cowen reiterated a "buy" rating and issued a $110.00 target price on shares of Starbucks in a report on Monday, November 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $115.00 target price on shares of Starbucks in a report on Friday, January 24th. Redburn Atlantic reiterated a "sell" rating and issued a $77.00 target price (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. UBS Group boosted their target price on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on shares of Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $105.75.

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.