Robert W. Baird Reiterates Neutral Rating for Starbucks (NASDAQ:SBUX)

Starbucks (NASDAQ:SBUX - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at Robert W. Baird in a report issued on Monday, Marketbeat Ratings reports. They currently have a $85.00 price target on the coffee company's stock, down from their previous price target of $114.00. Robert W. Baird's target price suggests a potential downside of 0.50% from the company's current price.

Several other research firms also recently weighed in on SBUX. Wedbush boosted their target price on Starbucks from $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their target price on shares of Starbucks from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Starbucks from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Finally, Argus raised shares of Starbucks from a "hold" rating to a "buy" rating and set a $115.00 price objective for the company in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $104.68.

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Starbucks Stock Performance

SBUX stock traded up $0.83 during trading on Monday, hitting $85.43. 10,058,643 shares of the company's stock traded hands, compared to its average volume of 11,473,170. Starbucks has a 52 week low of $71.55 and a 52 week high of $117.46. The stock has a market capitalization of $97.04 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 3.59 and a beta of 1.00. The business has a fifty day simple moving average of $102.16 and a 200 day simple moving average of $98.78.

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

Institutional Investors Weigh In On Starbucks

Institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC purchased a new position in shares of Starbucks in the 4th quarter worth approximately $62,000. Arizona State Retirement System grew its stake in Starbucks by 0.8% during the 4th quarter. Arizona State Retirement System now owns 327,459 shares of the coffee company's stock worth $29,881,000 after buying an additional 2,722 shares during the last quarter. West Michigan Advisors LLC acquired a new position in Starbucks during the 4th quarter valued at about $265,000. Wernau Asset Management Inc. purchased a new stake in Starbucks in the fourth quarter valued at about $258,000. Finally, OFI Invest Asset Management acquired a new stake in Starbucks in the fourth quarter worth about $9,497,000. Institutional investors own 72.29% of the company's stock.

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.