Oppenheimer & Co. Inc. Sells 5,930 Shares of Starbucks Corporation $SBUX

Oppenheimer & Co. Inc. cut its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,157 shares of the coffee company’s stock after selling 5,930 shares during the period. Oppenheimer & Co. Inc.’s holdings in Starbucks were worth $9,150,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Transce3nd LLC increased its stake 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 buying an additional 200 shares during the period. Collier Financial bought a new stake in Starbucks during the 3rd quarter worth approximately $25,000. MTM Investment Management LLC acquired a new position in Starbucks in the 2nd quarter valued at approximately $28,000. PFS Partners LLC increased its position in Starbucks by 457.4% in the 3rd quarter. PFS Partners LLC now owns 340 shares of the coffee company’s stock valued at $29,000 after acquiring an additional 279 shares during the period. Finally, Nexus Investment Management ULC bought a new position in shares of Starbucks during the second quarter valued at $35,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. William Blair raised shares of Starbucks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 22nd. Barclays set a $116.00 price target on Starbucks and gave the company an “overweight” rating in a research report on Friday, January 30th. Susquehanna set a $114.00 price objective on Starbucks in a research report on Wednesday, January 21st. Wall Street Zen raised Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Guggenheim reiterated a “buy” rating and issued a $90.00 target price on shares of Starbucks in a report on Monday, January 26th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Starbucks has a consensus rating of “Moderate Buy” and an average price target of $104.67.

Starbucks Stock Performance

Starbucks stock opened at $98.98 on Tuesday. The stock has a market capitalization of $112.77 billion, a price-to-earnings ratio of 81.80, a PEG ratio of 2.22 and a beta of 0.96. Starbucks Corporation has a 52-week low of $75.50 and a 52-week high of $117.46. The stock’s 50 day moving average price is $89.32 and its two-hundred day moving average price is $87.16.

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

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.