Starbucks (NASDAQ:SBUX) Stock Price Expected to Rise, UBS Group Analyst Says

Starbucks (NASDAQ:SBUX - Get Free Report) had its price target hoisted by research analysts at UBS Group from $98.00 to $105.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the coffee company's stock. UBS Group's price objective points to a potential downside of 3.67% from the company's current price.

SBUX has been the topic of a number of other reports. Wells Fargo & Company boosted their target price on shares of Starbucks from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Bank of America dropped their target price on shares of Starbucks from $118.00 to $117.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. Citigroup lifted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. TD Cowen reaffirmed a "buy" rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Finally, BTIG Research raised their price target on shares of Starbucks from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.52.

Starbucks Price Performance

NASDAQ:SBUX traded up $0.42 on Wednesday, hitting $109.00. 14,995,217 shares of the company's stock were exchanged, compared to its average volume of 9,794,018. The company has a market cap of $123.82 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 2.91 and a beta of 0.99. The firm has a 50-day moving average price of $95.90 and a 200-day moving average price of $93.00. Starbucks has a 52 week low of $71.55 and a 52 week high of $110.34.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its earnings results 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 negative return on equity of 46.39% and a net margin of 10.40%. During the same quarter last year, the firm earned $0.90 EPS. On average, research analysts expect that Starbucks will post 3.08 earnings per share for the current fiscal year.

Insider Transactions at Starbucks

In other news, CFO Rachel Ruggeri sold 1,452 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total value of $143,849.64. Following the transaction, the chief financial officer now directly owns 65,648 shares of the company's stock, valued at $6,503,747.36. The trade was a 2.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.98% of the company's stock.

Institutional Trading of Starbucks

Several hedge funds have recently modified their holdings of SBUX. State Street Corp increased its holdings in shares of Starbucks by 1.0% during the third quarter. State Street Corp now owns 45,974,407 shares of the coffee company's stock valued at $4,482,045,000 after acquiring an additional 437,218 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Starbucks by 1.4% during the third quarter. Geode Capital Management LLC now owns 24,277,756 shares of the coffee company's stock worth $2,358,464,000 after purchasing an additional 333,004 shares during the last quarter. FMR LLC grew its position in Starbucks by 55.0% in the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company's stock worth $1,928,339,000 after purchasing an additional 7,015,375 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Starbucks by 100.6% during the 3rd quarter. Wellington Management Group LLP now owns 15,149,937 shares of the coffee company's stock worth $1,476,967,000 after buying an additional 7,598,146 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Starbucks by 2.9% in the 3rd quarter. Fisher Asset Management LLC now owns 11,762,684 shares of the coffee company's stock worth $1,146,744,000 after buying an additional 327,734 shares during the last quarter. 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.