Plancorp LLC Purchases Shares of 2,947 Starbucks Co. (NASDAQ:SBUX)

Plancorp LLC bought a new position in Starbucks Co. (NASDAQ:SBUX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,947 shares of the coffee company's stock, valued at approximately $269,000.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Life Planners bought a new position in shares of Starbucks during the 4th quarter worth approximately $25,000. Collier Financial acquired a new position in Starbucks during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Starbucks during the fourth quarter valued at $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at $30,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Starbucks in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 72.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. UBS Group raised their target price on Starbucks from $98.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Argus upgraded shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Tuesday, March 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Starbucks presently has an average rating of "Moderate Buy" and an average target price of $106.12.

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Starbucks Price Performance

Shares of NASDAQ SBUX traded up $2.09 during midday trading on Wednesday, reaching $97.97. 9,559,283 shares of the stock were exchanged, compared to its average volume of 10,623,140. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46. The company has a market capitalization of $111.28 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 3.59 and a beta of 0.99. The business has a 50-day simple moving average of $105.61 and a two-hundred day simple moving average of $99.47.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same quarter last year, the firm earned $0.90 EPS. Equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Starbucks Company 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.