Opus Capital Group LLC Sells 2,676 Shares of Starbucks Co. (NASDAQ:SBUX)

Opus Capital Group LLC cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX - Free Report) by 45.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,232 shares of the coffee company's stock after selling 2,676 shares during the quarter. Opus Capital Group LLC's holdings in Starbucks were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Strategic Financial Concepts LLC purchased a new stake in shares of Starbucks in the fourth quarter worth about $62,000. Dakota Wealth Management lifted its stake in Starbucks by 0.5% in the 3rd quarter. Dakota Wealth Management now owns 55,793 shares of the coffee company's stock worth $5,439,000 after purchasing an additional 300 shares in the last quarter. Weil Company Inc. boosted its holdings in Starbucks by 31.2% in the 3rd quarter. Weil Company Inc. now owns 34,580 shares of the coffee company's stock valued at $3,371,000 after purchasing an additional 8,222 shares during the period. Maia Wealth LLC grew its position in shares of Starbucks by 69.1% during the 3rd quarter. Maia Wealth LLC now owns 18,582 shares of the coffee company's stock valued at $1,805,000 after purchasing an additional 7,596 shares in the last quarter. Finally, Investment Management Corp of Ontario increased its holdings in shares of Starbucks by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 37,584 shares of the coffee company's stock worth $3,664,000 after purchasing an additional 12,300 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SBUX shares. Redburn Atlantic restated a "sell" rating and set a $77.00 target price (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Wedbush upped their target price on Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. TD Cowen restated a "buy" rating and issued a $110.00 price objective on shares of Starbucks in a research report on Monday, November 11th. Wells Fargo & Company upped their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Finally, UBS Group increased their price target on shares of Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.33.

Starbucks Stock Up 0.8 %

Shares of SBUX traded up $0.85 during trading hours on Thursday, reaching $113.34. 6,340,640 shares of the company traded hands, compared to its average volume of 9,794,619. The company's fifty day moving average price is $99.13 and its two-hundred day moving average price is $96.77. The company has a market capitalization of $128.74 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $113.50.

Starbucks (NASDAQ:SBUX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 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 last year, the company earned $0.90 EPS. On average, analysts expect that Starbucks Co. will post 3 EPS for the current 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.