Bryn Mawr Capital Management LLC Buys 12,071 Shares of Starbucks Co. (NASDAQ:SBUX)

Bryn Mawr Capital Management LLC boosted its stake in Starbucks Co. (NASDAQ:SBUX) by 106.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,405 shares of the coffee company’s stock after buying an additional 12,071 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Starbucks were worth $2,136,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Foundations Investment Advisors LLC increased its position in Starbucks by 16.9% during the third quarter. Foundations Investment Advisors LLC now owns 23,028 shares of the coffee company’s stock worth $2,245,000 after acquiring an additional 3,330 shares during the period. Private Advisor Group LLC increased its holdings in shares of Starbucks by 1.2% during the third quarter. Private Advisor Group LLC now owns 118,946 shares of the coffee company’s stock worth $11,596,000 after purchasing an additional 1,418 shares during the period. RAM Investment Partners LLC acquired a new stake in shares of Starbucks in the third quarter valued at approximately $203,000. McAdam LLC boosted its stake in shares of Starbucks by 4.4% in the third quarter. McAdam LLC now owns 6,085 shares of the coffee company’s stock valued at $593,000 after buying an additional 255 shares during the period. Finally, International Assets Investment Management LLC grew its position in Starbucks by 11,217.0% during the third quarter. International Assets Investment Management LLC now owns 752,355 shares of the coffee company’s stock worth $73,347,000 after buying an additional 745,707 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup upped their target price on Starbucks from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wedbush upped their price objective on shares of Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays raised their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Finally, BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.33.

Starbucks Stock Performance

SBUX stock opened at $113.34 on Friday. The company has a market capitalization of $128.74 billion, a P/E ratio of 36.56, a PEG ratio of 3.56 and a beta of 1.00. The company has a fifty day moving average price of $99.44 and a 200-day moving average price of $96.89. Starbucks Co. has a 52-week low of $71.55 and a 52-week high of $113.50.

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, 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 last year, the company posted $0.90 earnings per share. As a group, sell-side analysts forecast that Starbucks Co. will post 3 earnings per share for the current fiscal year.

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.