Starbucks (NASDAQ:SBUX) Reaches New 12-Month High – What’s Next?

Starbucks Co. (NASDAQ:SBUX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $117.46 and last traded at $115.41, with a volume of 9222086 shares traded. The stock had previously closed at $115.81.

Wall Street Analyst Weigh In

SBUX has been the topic of several research analyst reports. TD Cowen restated a “buy” rating and issued a $110.00 price target on shares of Starbucks in a research report on Monday, November 11th. Redburn Atlantic restated a “sell” rating and issued a $77.00 price target (down from $84.00) on shares of Starbucks in a research report on Wednesday, November 13th. Barclays raised their price target on shares of Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. BMO Capital Markets lifted their target price 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, UBS Group lifted their target price on shares of Starbucks from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Starbucks presently has an average rating of “Moderate Buy” and an average target price of $105.75.

Starbucks Price Performance

The company has a market capitalization of $126.87 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.59 and a beta of 0.99. The stock’s 50 day simple moving average is $103.55 and its two-hundred day simple moving average is $98.89.

Starbucks (NASDAQ:SBUX) last announced its 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 period in the prior year, the firm earned $0.90 earnings per share. As a group, equities research analysts expect that Starbucks Co. will post 2.99 earnings per share for the current year.

Hedge Funds Weigh In On Starbucks

A number of institutional investors have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Starbucks during the fourth quarter worth approximately $25,000. Financial Life Planners bought a new stake in shares of Starbucks during the fourth quarter worth approximately $25,000. Graney & King LLC bought a new stake in shares of Starbucks during the fourth quarter worth approximately $26,000. Collier Financial bought a new stake in shares of Starbucks during the fourth quarter worth approximately $27,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Starbucks during the fourth quarter worth approximately $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.