GWN Securities Inc. Purchases New Shares in Starbucks Co. (NASDAQ:SBUX)

GWN Securities Inc. purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,227 shares of the coffee company’s stock, valued at approximately $219,000.

Other large investors also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Starbucks during the fourth quarter valued at about $25,000. Collier Financial bought a new position in shares of Starbucks during the fourth quarter valued at about $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks during the fourth quarter valued at about $30,000. Noble Wealth Management PBC bought a new position in shares of Starbucks during the fourth quarter valued at about $30,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Starbucks during the fourth quarter valued at about $36,000. 72.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on SBUX shares. Wedbush raised their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. Barclays raised their price objective on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus raised their price objective on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, BMO Capital Markets raised their price objective on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Trading Up 1.0 %

Shares of NASDAQ:SBUX opened at $99.08 on Tuesday. The company has a 50 day moving average of $104.94 and a 200 day moving average of $99.28. The stock has a market cap of $112.54 billion, a P/E ratio of 31.96, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating 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 firm earned $0.90 earnings per share. On average, equities analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

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.