Sunpointe LLC Makes New $219,000 Investment in Starbucks Co. (NASDAQ:SBUX)

Sunpointe LLC acquired a new stake in Starbucks Co. (NASDAQ:SBUX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,395 shares of the coffee company's stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kuhn & Co Investment Counsel boosted its stake in Starbucks by 2.3% during the 4th quarter. Kuhn & Co Investment Counsel now owns 4,240 shares of the coffee company's stock worth $387,000 after purchasing an additional 96 shares during the period. Jmac Enterprises LLC raised its holdings in shares of Starbucks by 1.0% in the fourth quarter. Jmac Enterprises LLC now owns 9,995 shares of the coffee company's stock valued at $912,000 after buying an additional 103 shares during the last quarter. Aspire Capital Advisors LLC boosted its stake in shares of Starbucks by 0.5% during the fourth quarter. Aspire Capital Advisors LLC now owns 23,210 shares of the coffee company's stock worth $2,118,000 after buying an additional 104 shares during the period. Optas LLC grew its holdings in shares of Starbucks by 0.6% during the fourth quarter. Optas LLC now owns 16,711 shares of the coffee company's stock worth $1,525,000 after buying an additional 105 shares during the last quarter. Finally, Boomfish Wealth Group LLC increased its position in Starbucks by 0.7% in the 4th quarter. Boomfish Wealth Group LLC now owns 15,335 shares of the coffee company's stock valued at $1,399,000 after acquiring an additional 108 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Starbucks Stock Down 1.4 %

Shares of SBUX traded down $1.59 during mid-day trading on Friday, reaching $111.75. 9,661,850 shares of the company's stock were exchanged, compared to its average volume of 9,790,830. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $114.68. The company has a market cap of $126.94 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 3.56 and a beta of 1.00. The company has a 50-day simple moving average of $99.44 and a two-hundred day simple moving average of $96.89.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly 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 in the prior year, the business earned $0.90 earnings per share. As a group, equities research analysts predict that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SBUX has been the subject of a number of recent research reports. UBS Group increased their price objective on Starbucks from $98.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Citigroup increased their price target on Starbucks from $96.00 to $99.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Barclays boosted their price objective on shares of Starbucks from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, TD Cowen reiterated a "buy" rating and set a $110.00 price target on shares of Starbucks in a research note on Monday, November 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Starbucks currently has a consensus rating of "Moderate Buy" and an average target price of $105.33.

Starbucks 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.