Starbucks Corporation $SBUX Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in Starbucks Corporation (NASDAQ:SBUX) by 26.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,724 shares of the coffee company’s stock after buying an additional 5,137 shares during the period. Ritholtz Wealth Management’s holdings in Starbucks were worth $2,215,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new position in Starbucks during the fourth quarter worth about $25,000. Phillip James Consulting Co. acquired a new stake in Starbucks in the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC acquired a new stake in Starbucks in the 4th quarter valued at about $25,000. Entrust Financial LLC bought a new position in shares of Starbucks during the 4th quarter valued at about $26,000. Finally, JPL Wealth Management LLC bought a new position in shares of Starbucks during the 3rd quarter valued at about $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SBUX. BTIG Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. raised their target price on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Stephens assumed coverage on shares of Starbucks in a research report on Thursday, May 14th. They issued an “overweight” rating on the stock. Zacks Research raised Starbucks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Finally, Piper Sandler reiterated an “overweight” rating and set a $110.00 price objective on shares of Starbucks in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.59.

Starbucks Trading Up 1.4%

SBUX stock opened at $104.60 on Friday. Starbucks Corporation has a one year low of $77.99 and a one year high of $108.88. The firm has a market capitalization of $119.21 billion, a PE ratio of 79.24, a P/E/G ratio of 2.05 and a beta of 0.98. The firm has a 50-day moving average of $101.50 and a two-hundred day moving average of $95.76.

Starbucks (NASDAQ:SBUX) last released its earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same period last year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. On average, equities research analysts anticipate that Starbucks Corporation will post 2.4 earnings per share for the current year.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the transaction, the chief executive officer directly owned 81,559 shares in the company, valued at approximately $8,548,198.79. The trade was a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sara Kelly sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $105.00, for a total transaction of $210,000.00. Following the sale, the executive vice president directly owned 57,653 shares in the company, valued at approximately $6,053,565. This trade represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,687 shares of company stock valued at $863,707 in the last ninety days. Company insiders own 0.03% of the company’s stock.

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.