Lindbrook Capital LLC Increases Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Lindbrook Capital LLC lifted its position in Starbucks Co. (NASDAQ:SBUX) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,127 shares of the coffee company’s stock after purchasing an additional 552 shares during the quarter. Lindbrook Capital LLC’s holdings in Starbucks were worth $1,107,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of Starbucks in the fourth quarter valued at about $25,000. Collier Financial purchased a new stake in shares of Starbucks in the fourth quarter valued at about $27,000. Marshall Investment Management LLC purchased a new stake in shares of Starbucks in the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new stake in shares of Starbucks in the fourth quarter valued at about $30,000. Finally, Centricity Wealth Management LLC acquired a new position in Starbucks in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SBUX. TD Cowen reaffirmed a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. Stifel Nicolaus upped their target price 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. UBS Group upped 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. Barclays upped their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company upped their target price on shares of Starbucks from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Stock Down 0.3 %

Shares of NASDAQ:SBUX opened at $111.69 on Thursday. The firm’s 50 day moving average price is $103.55 and its 200 day moving average price is $98.89. The stock has a market cap of $126.87 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 3.59 and a beta of 0.99. Starbucks Co. has a fifty-two week low of $71.55 and a fifty-two week 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 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 period in the previous year, the business earned $0.90 EPS. On average, equities analysts anticipate that Starbucks Co. will post 2.99 EPS for the current year.

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.