Bridges Investment Management Inc. Sells 103 Shares of Starbucks Co. (NASDAQ:SBUX)

Bridges Investment Management Inc. lessened its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,580 shares of the coffee company’s stock after selling 103 shares during the period. Bridges Investment Management Inc.’s holdings in Starbucks were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Maia Wealth LLC grew its position in Starbucks by 11.0% in the fourth quarter. Maia Wealth LLC now owns 20,628 shares of the coffee company’s stock valued at $2,063,000 after acquiring an additional 2,046 shares during the last quarter. Purkiss Capital Advisors LLC bought a new position in Starbucks in the fourth quarter valued at about $705,000. Sherman Asset Management Inc. bought a new position in Starbucks in the fourth quarter valued at about $287,000. Metis Global Partners LLC grew its position in Starbucks by 2.4% in the fourth quarter. Metis Global Partners LLC now owns 56,744 shares of the coffee company’s stock valued at $5,178,000 after acquiring an additional 1,356 shares during the last quarter. Finally, West Michigan Advisors LLC bought a new stake in shares of Starbucks during the fourth quarter worth about $265,000. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SBUX shares. TD Cowen restated a “buy” rating and set a $110.00 price target on shares of Starbucks in a report on Monday, November 11th. Barclays boosted their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Wedbush boosted their price target on Starbucks from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Redburn Atlantic restated a “sell” rating and set a $77.00 price target (down from $84.00) on shares of Starbucks in a report on Wednesday, November 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Starbucks in a report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Stock Down 0.3 %

NASDAQ SBUX opened at $115.41 on Tuesday. The company has a market cap of $131.09 billion, a price-to-earnings ratio of 37.23, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46. The business has a 50 day moving average price of $102.67 and a 200-day moving average price of $98.68.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating the consensus estimate 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 business earned $0.90 earnings per share. On average, equities research analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current year.

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.