Summitry LLC Grows Stock Holdings in Starbucks Corporation $SBUX

Summitry LLC lifted its stake in shares of Starbucks Corporation (NASDAQ:SBUX) by 21.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 761,253 shares of the coffee company’s stock after acquiring an additional 135,592 shares during the quarter. Starbucks makes up approximately 2.7% of Summitry LLC’s holdings, making the stock its 15th biggest holding. Summitry LLC’s holdings in Starbucks were worth $64,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation National Association UT raised its position in Starbucks by 31.8% during the 3rd quarter. Zions Bancorporation National Association UT now owns 40,420 shares of the coffee company’s stock valued at $3,420,000 after purchasing an additional 9,747 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Starbucks by 0.5% in the third quarter. Vanguard Group Inc. now owns 113,438,902 shares of the coffee company’s stock valued at $9,596,931,000 after acquiring an additional 577,279 shares in the last quarter. Bell & Brown Wealth Advisors LLC lifted its stake in Starbucks by 1.0% in the third quarter. Bell & Brown Wealth Advisors LLC now owns 49,075 shares of the coffee company’s stock worth $4,152,000 after acquiring an additional 503 shares during the period. Tobam bought a new position in Starbucks during the 3rd quarter worth about $107,000. Finally, Phillips Wealth Planners LLC raised its holdings in shares of Starbucks by 10.8% in the 3rd quarter. Phillips Wealth Planners LLC now owns 8,137 shares of the coffee company’s stock valued at $668,000 after purchasing an additional 794 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Evercore restated an “outperform” rating on shares of Starbucks in a report on Wednesday, January 28th. Zacks Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Piper Sandler reissued an “overweight” rating and set a $103.00 price target (up from $100.00) on shares of Starbucks in a research report on Friday, January 30th. Dbs Bank cut shares of Starbucks from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research note on Monday, January 26th. Eighteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Stock Down 3.1%

SBUX stock opened at $93.79 on Monday. The stock has a market capitalization of $106.85 billion, a PE ratio of 77.51, a price-to-earnings-growth ratio of 2.10 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 firm has a 50 day moving average of $90.22 and a 200 day moving average of $87.25.

Starbucks (NASDAQ:SBUX) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities research analysts expect that Starbucks Corporation will post 2.99 earnings per share 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.