Inkwell Capital LLC Buys New Shares in Starbucks Co. (NASDAQ:SBUX)

Inkwell Capital LLC purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,872 shares of the coffee company's stock, valued at approximately $3,456,000. Starbucks comprises about 3.7% of Inkwell Capital LLC's portfolio, making the stock its 12th largest position.

Several other institutional investors also recently modified their holdings of SBUX. Financial Life Planners bought a new stake in shares of Starbucks in the 4th quarter valued at $25,000. Graney & King LLC acquired a new stake in Starbucks during the 4th quarter worth about $26,000. Collier Financial bought a new position in shares of Starbucks in the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks in the 4th quarter valued at about $27,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Starbucks during the 4th quarter valued at about $30,000. Institutional investors own 72.29% of the company's stock.

Starbucks Price Performance

NASDAQ SBUX traded up $0.14 during trading on Tuesday, reaching $98.23. The company's stock had a trading volume of 5,864,791 shares, compared to its average volume of 11,117,903. The stock has a market capitalization of $111.58 billion, a PE ratio of 31.69, a P/E/G ratio of 3.59 and a beta of 0.99. The firm has a fifty day moving average of $105.81 and a 200 day moving average of $99.54. Starbucks Co. has a one year low of $71.55 and a one year high of $117.46.

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Starbucks (NASDAQ:SBUX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share 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 prior year, the company earned $0.90 EPS. Research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SBUX shares. Wells Fargo & Company boosted their price target on Starbucks from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 target price on the stock in a research report on Tuesday, March 18th. Stifel Nicolaus lifted their price target 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. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price objective on shares of Starbucks in a research note on Friday, January 24th. Finally, UBS Group lifted 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $106.12.

Starbucks 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.