Tibra Equities Europe Ltd raised its position in shares of Starbucks Co. (NASDAQ:SBUX) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,000 shares of the coffee company’s stock after acquiring an additional 11,217 shares during the period. Tibra Equities Europe Ltd’s holdings in Starbucks were worth $4,637,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Veritas Investment Management LLP acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $28,000. Highwater Wealth Management LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $32,000. Clean Yield Group acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $33,000. Finally, Doyle Wealth Management acquired a new stake in shares of Starbucks during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 73.36% of the company’s stock.
A number of research analysts have recently issued reports on SBUX shares. Goldman Sachs Group lowered Starbucks from a “buy” rating to a “neutral” rating and decreased their target price for the company from $75.00 to $68.00 in a research report on Friday, January 11th. BMO Capital Markets decreased their target price on Starbucks to $60.00 and set a “market perform” rating on the stock in a research report on Friday, January 11th. They noted that the move was a valuation call. Oppenheimer reiterated an “outperform” rating and set a $72.00 target price (up previously from $70.00) on shares of Starbucks in a research report on Friday, January 25th. CIBC raised their price objective on Starbucks from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, January 25th. Finally, Bank of America set a $75.00 price target on Starbucks and gave the stock a “buy” rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $68.00.
Shares of SBUX traded down $0.49 during midday trading on Monday, hitting $76.16. The company had a trading volume of 6,459,756 shares, compared to its average volume of 10,429,283. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41. The stock has a market capitalization of $94.35 billion, a PE ratio of 31.47, a PEG ratio of 2.17 and a beta of 0.51. Starbucks Co. has a 1 year low of $47.37 and a 1 year high of $76.95.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.49 billion. Starbucks had a return on equity of 193.00% and a net margin of 11.98%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Analysts predict that Starbucks Co. will post 2.72 EPS for the current year.
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Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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