Starbucks (NASDAQ:SBUX) Given New $95.00 Price Target at TD Cowen

Starbucks (NASDAQ:SBUX) had its price target boosted by stock analysts at TD Cowen from $90.00 to $95.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the coffee company’s stock. TD Cowen’s target price points to a potential upside of 6.55% from the company’s previous close.

Several other brokerages have also recently issued reports on SBUX. Baird R W cut Starbucks from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Citigroup reaffirmed a “neutral” rating and set a $100.00 price target (up previously from $95.00) on shares of Starbucks in a research report on Monday, July 14th. Royal Bank Of Canada lifted their price target on Starbucks from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 11th. TD Securities reissued a “hold” rating and issued a $90.00 target price on shares of Starbucks in a report on Monday, June 23rd. Finally, Wall Street Zen lowered Starbucks from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $101.27.

Starbucks Trading Down 3.9%

NASDAQ SBUX opened at $89.16 on Wednesday. The stock has a market cap of $101.32 billion, a PE ratio of 38.43, a P/E/G ratio of 6.54 and a beta of 1.02. Starbucks has a twelve month low of $72.72 and a twelve month high of $117.46. The stock has a fifty day simple moving average of $91.68 and a 200-day simple moving average of $94.62.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Tuesday, July 29th. The coffee company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.14). Starbucks had a net margin of 7.18% and a negative return on equity of 36.23%. The firm had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. Research analysts predict that Starbucks will post 2.99 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in Starbucks during the 4th quarter valued at approximately $25,000. Game Plan Financial Advisors LLC acquired a new position in Starbucks during the 2nd quarter worth $25,000. Chelsea Counsel Co. bought a new stake in shares of Starbucks in the 2nd quarter worth $26,000. Hughes Financial Services LLC bought a new stake in shares of Starbucks in the 1st quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Starbucks by 125.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 286 shares of the coffee company’s stock worth $28,000 after buying an additional 159 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

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.