Hopwood Financial Services Inc. Makes New Investment in Starbucks Co. (NASDAQ:SBUX)

Hopwood Financial Services Inc. purchased a new stake in shares of Starbucks Co. (NASDAQ:SBUX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,106 shares of the coffee company’s stock, valued at approximately $283,000.

Several other institutional investors have also recently bought and sold shares of SBUX. Financial Life Planners bought a new stake in shares of Starbucks during the fourth quarter worth $25,000. Collier Financial acquired a new position in Starbucks during the 4th quarter valued at about $27,000. Marshall Investment Management LLC bought a new position in shares of Starbucks in the 4th quarter valued at about $30,000. Noble Wealth Management PBC acquired a new position in Starbucks in the fourth quarter valued at approximately $30,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Starbucks in the 4th quarter valued at $36,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Down 1.5 %

NASDAQ:SBUX opened at $99.58 on Wednesday. The stock’s 50-day moving average is $104.48 and its 200-day moving average is $99.23. The stock has a market cap of $113.11 billion, a P/E ratio of 32.12, a price-to-earnings-growth 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 released its quarterly earnings results on Tuesday, January 28th. The coffee company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the company earned $0.90 earnings per share. As a group, equities analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SBUX. BMO Capital Markets lifted their price target on shares of Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wedbush increased their target price on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Redburn Atlantic reiterated a “sell” rating and issued a $77.00 price target (down previously from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on shares of Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, UBS Group lifted their price target on Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Three 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.75.

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.