122,138 Shares in Starbucks Corporation $SBUX Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new stake in Starbucks Corporation (NASDAQ:SBUX) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 122,138 shares of the coffee company’s stock, valued at approximately $10,333,000.

Other institutional investors also recently bought and sold shares of the company. Transce3nd LLC lifted its position in shares of Starbucks by 270.3% in the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Collier Financial purchased a new stake in shares of Starbucks during the third quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new position in Starbucks in the 3rd quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in Starbucks in the 3rd quarter valued at $27,000. Finally, Kelleher Financial Advisors purchased a new position in Starbucks in the 3rd quarter valued at $27,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Down 1.0%

Shares of SBUX opened at $99.15 on Monday. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $104.82. The stock has a fifty day simple moving average of $95.28 and a two-hundred day simple moving average of $88.32. The company has a market capitalization of $112.96 billion, a PE ratio of 81.94, a price-to-earnings-growth ratio of 2.21 and a beta of 0.93.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the firm posted $0.69 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities analysts anticipate that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SBUX has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $103.00 target price (up from $100.00) on shares of Starbucks in a research note on Friday, January 30th. Mizuho raised their price target on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Starbucks in a research report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Starbucks in a research note on Thursday, January 29th. Finally, DA Davidson started coverage on shares of Starbucks in a report on Friday, March 6th. They issued a “neutral” rating and a $97.00 price objective for the company. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.22.

Insider Transactions at Starbucks

In other news, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the sale, the executive vice president owned 59,609 shares in the company, valued at $5,789,226.08. This trade represents a 4.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brady Brewer sold 1,641 shares of Starbucks stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $159,373.92. Following the sale, the chief executive officer directly owned 86,605 shares in the company, valued at approximately $8,411,077.60. The trade was a 1.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,729 shares of company stock worth $460,974 over the last ninety days. 0.03% of the stock is owned by insiders.

Starbucks Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.