Starbucks (NASDAQ:SBUX) Price Target Raised to $125.00 at Wells Fargo & Company

Starbucks (NASDAQ:SBUX) had its target price lifted by equities researchers at Wells Fargo & Company from $115.00 to $125.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the coffee company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 10.50% from the stock’s current price.

Several other analysts have also weighed in on SBUX. Barclays increased their target price on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. TD Cowen restated a “buy” rating and set a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research note on Friday, January 24th. Stifel Nicolaus boosted their price objective on Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Redburn Atlantic reaffirmed a “sell” rating and set a $77.00 target price (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Price Performance

NASDAQ:SBUX traded down $0.07 during trading hours on Tuesday, reaching $113.12. 575,560 shares of the company traded hands, compared to its average volume of 9,627,038. The stock has a market cap of $128.49 billion, a P/E ratio of 36.50, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks has a 1-year low of $71.55 and a 1-year high of $114.68. The firm’s 50-day moving average is $100.13 and its 200-day moving average is $97.72.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business posted $0.90 earnings per share. As a group, research analysts predict that Starbucks will post 2.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Financial Life Planners acquired a new position in Starbucks in the 4th quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Starbucks in the fourth quarter valued at about $25,000. Graney & King LLC bought a new position in shares of Starbucks in the fourth quarter valued at about $26,000. Collier Financial bought a new position in Starbucks in the fourth quarter valued at about $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Starbucks in the fourth quarter worth about $27,000. 72.29% of the stock is owned by institutional investors.

Starbucks Company 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.