Coyle Financial Counsel LLC Invests $263,000 in Starbucks Co. (NASDAQ:SBUX)

Coyle Financial Counsel LLC acquired a new position in shares of Starbucks Co. (NASDAQ:SBUX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,881 shares of the coffee company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in Starbucks in the 4th quarter valued at $25,000. Collier Financial acquired a new stake in Starbucks in the 4th quarter valued at $27,000. Marshall Investment Management LLC acquired a new stake in Starbucks in the 4th quarter valued at $30,000. Centricity Wealth Management LLC acquired a new stake in Starbucks in the 4th quarter valued at $36,000. Finally, FSA Wealth Management LLC acquired a new stake in Starbucks in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Price Performance

NASDAQ SBUX opened at $113.19 on Tuesday. The company has a market cap of $128.57 billion, a P/E ratio of 36.51, a P/E/G ratio of 3.59 and a beta of 1.00. The stock has a 50-day moving average of $100.13 and a two-hundred day moving average of $97.72. Starbucks Co. has a 1-year low of $71.55 and a 1-year high of $114.68.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm earned $0.90 earnings per share. On average, analysts anticipate that Starbucks Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Redburn Atlantic reissued a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a research note on Wednesday, November 13th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Starbucks in a report on Friday, January 24th. BMO Capital Markets raised their price objective on Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. TD Cowen restated a “buy” rating and issued a $110.00 price objective on shares of Starbucks in a report on Monday, November 11th. Finally, Stifel Nicolaus raised their price objective on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average target price of $105.33.

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.