Rhumbline Advisers Purchases 17,232 Shares of Starbucks Corporation $SBUX

Rhumbline Advisers lifted its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,055,248 shares of the coffee company’s stock after buying an additional 17,232 shares during the quarter. Rhumbline Advisers’ holdings in Starbucks were worth $173,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SBUX. Krilogy Financial LLC bought a new position in Starbucks during the 3rd quarter worth about $647,000. Stratos Wealth Partners LTD. lifted its position in shares of Starbucks by 7.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 78,728 shares of the coffee company’s stock worth $6,660,000 after purchasing an additional 5,120 shares during the period. Stratos Investment Management LLC boosted its stake in shares of Starbucks by 9.8% during the third quarter. Stratos Investment Management LLC now owns 3,954 shares of the coffee company’s stock valued at $335,000 after purchasing an additional 354 shares in the last quarter. Cove Private Wealth LLC increased its holdings in Starbucks by 6.4% during the third quarter. Cove Private Wealth LLC now owns 4,506 shares of the coffee company’s stock valued at $381,000 after buying an additional 270 shares during the period. Finally, Providence Capital Advisors LLC bought a new position in Starbucks in the third quarter worth approximately $6,099,000. 72.29% of the stock is currently owned by institutional investors.

Starbucks Price Performance

NASDAQ SBUX opened at $99.12 on Thursday. Starbucks Corporation has a 1 year low of $75.50 and a 1 year high of $117.46. The company has a market cap of $112.93 billion, a price-to-earnings ratio of 81.92, a PEG ratio of 2.18 and a beta of 0.96. The stock’s fifty day moving average price is $89.81 and its 200 day moving average price is $87.26.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Dbs Bank cut Starbucks from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. TD Cowen reaffirmed a “hold” rating and set a $89.00 price objective (up previously from $84.00) on shares of Starbucks in a research report on Friday, January 30th. Mizuho boosted their target price on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Evercore restated an “outperform” rating on shares of Starbucks in a report on Wednesday, January 28th. Finally, Piper Sandler reiterated an “overweight” rating and set a $103.00 price objective (up previously from $100.00) on shares of Starbucks in a research note on Friday, January 30th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.31.

Starbucks Company 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.