Starbucks Corporation $SBUX Shares Bought by Centaurus Financial Inc.

Centaurus Financial Inc. raised its stake in Starbucks Corporation (NASDAQ:SBUXFree Report) by 25.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,244 shares of the coffee company’s stock after buying an additional 5,731 shares during the quarter. Centaurus Financial Inc.’s holdings in Starbucks were worth $2,389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SBUX. Faithward Advisors LLC raised its holdings in shares of Starbucks by 5.5% during the 3rd quarter. Faithward Advisors LLC now owns 4,769 shares of the coffee company’s stock worth $403,000 after acquiring an additional 250 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of Starbucks by 4.3% in the third quarter. Sunbelt Securities Inc. now owns 27,432 shares of the coffee company’s stock valued at $2,321,000 after purchasing an additional 1,123 shares during the period. Danske Bank A S purchased a new stake in shares of Starbucks in the third quarter valued at about $44,391,000. Stance Capital LLC increased its position in Starbucks by 27.8% during the third quarter. Stance Capital LLC now owns 36,491 shares of the coffee company’s stock worth $3,087,000 after purchasing an additional 7,929 shares during the last quarter. Finally, Provident Investment Management Inc. raised its stake in Starbucks by 2.2% during the third quarter. Provident Investment Management Inc. now owns 8,911 shares of the coffee company’s stock worth $754,000 after purchasing an additional 190 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Starbucks Price Performance

Shares of SBUX opened at $92.66 on Thursday. The firm has a 50-day simple moving average of $95.78 and a two-hundred day simple moving average of $88.49. The stock has a market cap of $105.57 billion, a PE ratio of 76.58, a P/E/G ratio of 2.17 and a beta of 0.93. Starbucks Corporation has a 1-year low of $75.50 and a 1-year high of $104.82.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SBUX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $113.00 target price on shares of Starbucks in a report on Thursday, January 29th. New Street Research set a $90.00 price target on shares of Starbucks in a report on Tuesday, January 27th. Wells Fargo & Company set a $110.00 price objective on Starbucks in a report on Wednesday, January 28th. TD Cowen reiterated a “hold” rating and issued a $89.00 price objective (up from $84.00) on shares of Starbucks in a research report on Friday, January 30th. Finally, Evercore reissued an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Fifteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $103.81.

View Our Latest Stock Report on SBUX

Key Stories Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

Insiders Place Their Bets

In other Starbucks news, CEO Brady Brewer sold 1,641 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total transaction of $159,373.92. Following the transaction, the chief executive officer directly owned 86,605 shares in the company, valued at $8,411,077.60. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sara Kelly sold 2,500 shares of Starbucks stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total value of $242,800.00. Following the completion of the sale, the executive vice president directly owned 59,609 shares of the company’s stock, valued at $5,789,226.08. The trade was a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,729 shares of company stock worth $460,974 over the last 90 days. 0.03% of the stock is owned by insiders.

Starbucks Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Starbucks (NASDAQ:SBUX)

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