jvl associates llc Buys New Holdings in Starbucks Co. (NASDAQ:SBUX)

jvl associates llc bought a new position in Starbucks Co. (NASDAQ:SBUXFree Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,276 shares of the coffee company’s stock, valued at approximately $299,000.

Other institutional investors have also recently bought and sold shares of the company. Bath Savings Trust Co raised its stake in shares of Starbucks by 4.7% in the 1st quarter. Bath Savings Trust Co now owns 89,737 shares of the coffee company’s stock valued at $8,201,000 after buying an additional 4,007 shares in the last quarter. Tompkins Financial Corp raised its position in Starbucks by 5.4% in the first quarter. Tompkins Financial Corp now owns 36,311 shares of the coffee company’s stock worth $3,318,000 after purchasing an additional 1,874 shares in the last quarter. Atlas Brown Inc. acquired a new position in Starbucks in the first quarter worth about $323,000. Chickasaw Capital Management LLC boosted its holdings in Starbucks by 2.2% during the first quarter. Chickasaw Capital Management LLC now owns 18,350 shares of the coffee company’s stock valued at $1,677,000 after purchasing an additional 400 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. boosted its holdings in Starbucks by 1.5% during the first quarter. Butensky & Cohen Financial Security Inc. now owns 46,938 shares of the coffee company’s stock valued at $4,290,000 after purchasing an additional 680 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SBUX. DZ Bank downgraded Starbucks from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a research report on Friday, May 3rd. Piper Sandler cut their price objective on Starbucks from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Citigroup lowered their target price on shares of Starbucks from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Starbucks from a “buy” rating to a “hold” rating and cut their price target for the company from $108.00 to $89.00 in a report on Wednesday, May 1st. Finally, Robert W. Baird decreased their price objective on shares of Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Seventeen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $95.00.

Read Our Latest Report on SBUX

Insider Buying and Selling

In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now owns 65,431 shares of the company’s stock, valued at $5,234,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $80.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now directly owns 65,431 shares in the company, valued at $5,234,480. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the sale, the chief executive officer now owns 78,304 shares of the company’s stock, valued at $6,264,320. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock valued at $902,050 in the last 90 days. 1.98% of the stock is owned by insiders.

Starbucks Price Performance

Shares of Starbucks stock traded down $1.13 on Wednesday, hitting $80.20. 9,664,456 shares of the company’s stock traded hands, compared to its average volume of 10,570,362. Starbucks Co. has a one year low of $71.80 and a one year high of $107.66. The stock has a market capitalization of $90.84 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. The firm’s 50-day moving average price is $80.61 and its two-hundred day moving average price is $88.89.

Starbucks (NASDAQ:SBUXGet Free Report) last released its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same period in the previous year, the company posted $0.74 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts forecast that Starbucks Co. will post 3.59 earnings per share for the current fiscal year.

Starbucks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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