Amarillo National Bank Invests $211,000 in Starbucks Corporation (NASDAQ:SBUX)

Amarillo National Bank purchased a new position in shares of Starbucks Corporation (NASDAQ:SBUX) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,149 shares of the coffee company’s stock, valued at approximately $211,000.

Several other large investors also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Starbucks during the 4th quarter worth about $25,000. Graney & King LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $26,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Starbucks during the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new position in shares of Starbucks during the 4th quarter worth about $30,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Starbucks during the 4th quarter worth about $30,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Trading Up 0.9%

SBUX stock opened at $93.12 on Monday. The business’s 50-day moving average price is $85.88 and its two-hundred day moving average price is $94.54. The firm has a market cap of $105.82 billion, a PE ratio of 33.74, a P/E/G ratio of 4.74 and a beta of 1.00. Starbucks Corporation has a 1-year low of $71.55 and a 1-year high of $117.46.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, April 29th. The coffee company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.10). The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.90 billion. Starbucks had a negative return on equity of 42.14% and a net margin of 8.61%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. On average, analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SBUX shares. Barclays cut their price objective on Starbucks from $106.00 to $98.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. TD Cowen reaffirmed a “hold” rating and issued a $90.00 price target on shares of Starbucks in a report on Thursday, May 29th. Jefferies Financial Group raised Starbucks from an “underperform” rating to a “hold” rating and set a $76.00 price target for the company in a report on Wednesday, April 9th. Royal Bank Of Canada upped their price target on Starbucks from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, June 11th. Finally, TD Securities reaffirmed a “hold” rating and issued a $90.00 price target on shares of Starbucks in a report on Wednesday, June 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.96.

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.