Starbucks (NASDAQ:SBUX) Price Target Cut to $103.00 by Analysts at Stifel Nicolaus

Starbucks (NASDAQ:SBUX - Get Free Report) had its price target cut by stock analysts at Stifel Nicolaus from $114.00 to $103.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has a "buy" rating on the coffee company's stock. Stifel Nicolaus' price objective suggests a potential upside of 26.38% from the company's previous close.

A number of other brokerages also recently commented on SBUX. Jefferies Financial Group raised shares of Starbucks from an "underperform" rating to a "hold" rating and set a $76.00 price objective for the company in a research note on Wednesday, April 9th. Robert W. Baird reaffirmed a "neutral" rating and set a $85.00 price objective (down previously from $114.00) on shares of Starbucks in a research report on Monday, April 7th. Wedbush boosted their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Baird R W lowered shares of Starbucks from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.24.

Starbucks Trading Up 0.9 %

Shares of SBUX traded up $0.74 during trading hours on Tuesday, reaching $81.50. 9,784,353 shares of the company traded hands, compared to its average volume of 11,492,765. The firm has a market cap of $92.58 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.59 and a beta of 1.00. Starbucks has a 12-month low of $71.55 and a 12-month high of $117.46. The stock's fifty day moving average price is $99.25 and its 200 day moving average price is $98.26.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping 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 quarter last year, the firm earned $0.90 EPS. On average, research analysts forecast that Starbucks will post 2.99 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Starbucks in the fourth quarter valued at $1,244,812,000. Capital World Investors increased its holdings in Starbucks by 20.1% during the 4th quarter. Capital World Investors now owns 54,924,230 shares of the coffee company's stock worth $5,011,796,000 after purchasing an additional 9,174,682 shares during the period. FMR LLC grew its position in shares of Starbucks by 27.0% during the fourth quarter. FMR LLC now owns 25,128,649 shares of the coffee company's stock worth $2,292,989,000 after buying an additional 5,348,790 shares in the last quarter. Capital Research Global Investors raised its holdings in Starbucks by 167.6% in the fourth quarter. Capital Research Global Investors now owns 5,690,198 shares of the coffee company's stock valued at $519,230,000 after acquiring an additional 3,563,942 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Starbucks in the fourth quarter worth approximately $284,283,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

About Starbucks

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.