Signature Estate & Investment Advisors LLC Buys 619 Shares of Starbucks Co. (NASDAQ:SBUX)

Signature Estate & Investment Advisors LLC increased its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 12.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,553 shares of the coffee company’s stock after acquiring an additional 619 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Starbucks were worth $507,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SBUX. First American Trust FSB boosted its holdings in shares of Starbucks by 3.0% in the 4th quarter. First American Trust FSB now owns 4,032 shares of the coffee company’s stock valued at $368,000 after buying an additional 119 shares during the last quarter. Heritage Wealth Management Inc. CA lifted its stake in Starbucks by 644.6% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 3,991 shares of the coffee company’s stock valued at $364,000 after acquiring an additional 3,455 shares during the last quarter. Zions Bancorporation N.A. grew its position in shares of Starbucks by 8.6% in the 4th quarter. Zions Bancorporation N.A. now owns 22,699 shares of the coffee company’s stock valued at $2,071,000 after acquiring an additional 1,802 shares during the period. TIAA Trust National Association increased its stake in shares of Starbucks by 0.4% during the 4th quarter. TIAA Trust National Association now owns 54,977 shares of the coffee company’s stock worth $5,017,000 after purchasing an additional 222 shares during the last quarter. Finally, Ashton Thomas Securities LLC raised its holdings in shares of Starbucks by 8.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 7,963 shares of the coffee company’s stock valued at $728,000 after purchasing an additional 604 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Trading Up 2.2 %

NASDAQ SBUX opened at $97.97 on Thursday. The firm’s 50 day simple moving average is $105.61 and its 200 day simple moving average is $99.47. The firm has a market capitalization of $111.28 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 3.59 and a beta of 0.99. Starbucks Co. has a 1 year low of $71.55 and a 1 year high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, beating 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 period in the prior year, the firm posted $0.90 EPS. On average, equities research analysts forecast that Starbucks Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

SBUX has been the topic of a number of recent analyst reports. Argus raised Starbucks from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company increased their price target on Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Barclays raised their price target on Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. BMO Capital Markets increased their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus raised their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.12.

Starbucks 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.