Tremblant Capital Group Sells 25,139 Shares of Starbucks Corporation $SBUX

Tremblant Capital Group trimmed its stake in Starbucks Corporation (NASDAQ:SBUX) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,334 shares of the coffee company’s stock after selling 25,139 shares during the period. Starbucks accounts for approximately 2.9% of Tremblant Capital Group’s holdings, making the stock its 15th largest position. Tremblant Capital Group’s holdings in Starbucks were worth $28,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transce3nd LLC grew its holdings in Starbucks by 270.3% during the second quarter. Transce3nd LLC now owns 274 shares of the coffee company’s stock valued at $25,000 after purchasing an additional 200 shares during the period. Collier Financial bought a new position in shares of Starbucks in the third quarter worth about $25,000. Y.D. More Investments Ltd purchased a new position in shares of Starbucks during the 3rd quarter valued at about $26,000. MTM Investment Management LLC purchased a new position in shares of Starbucks during the 2nd quarter valued at about $28,000. Finally, PFS Partners LLC grew its stake in shares of Starbucks by 457.4% during 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. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

More Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Turnaround momentum: analysts and some prominent investors are calling Starbucks a recovery story after recent operational changes and a more generous rewards program that appears to be boosting demand. Josh Brown names SBUX a top stock
• Positive Sentiment: Customer loyalty actions: Starbucks revamped its rewards program to drive frequency and AUV recovery — a potential tailwind for same‑store sales if sustained. Rewards program update
• Neutral Sentiment: Corporate and governance items: the company will webcast its March 25 annual meeting (forum for investor questions), and the CEO made small disclosed stock sales (minor ownership reduction). These are informational but not immediate operational catalysts. Annual meeting webcast SEC Form 4
• Negative Sentiment: Proxy‑advisor warnings: two proxy advisory firms flagged that Starbucks may be under‑estimating the financial and reputational risks from persistent labor disputes — a governance red flag that can pressure the stock and complicate investor support. Reuters: proxy firms warn Starbucks Seeking Alpha: proxy firms warn
• Negative Sentiment: Union restarts and contract push: Starbucks Workers United submitted a detailed contract proposal seeking a $17 minimum start wage and 4% annual raises and is seeking to reopen bargaining — this raises the prospect of higher labor costs and renewed store‑level disruption. Yahoo Finance: union contract proposal CNBC: details of baristas’ asks
• Negative Sentiment: Market reaction and analyst caution: coverage notes the union trying to restart talks and some firms moving to more cautious stances — near‑term investor anxiety over labor negotiations is weighing on the stock. TipRanks: union talks pressure stock WSJ: union seeks to reopen negotiations
• Negative Sentiment: PR/governance noise: founder Howard Schultz’s relocation and related publicity about state tax policy add incremental governance/PR distraction during sensitive labor negotiations. Financial Post: Schultz relocation coverage

Insider Buying and Selling at Starbucks

In related news, EVP Sara Kelly sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the transaction, the executive vice president directly owned 59,609 shares of the company’s stock, valued at approximately $5,789,226.08. This trade represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brady Brewer sold 1,641 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 transaction of $159,373.92. Following the completion of the sale, the chief executive officer owned 86,605 shares in the company, valued at approximately $8,411,077.60. This represents a 1.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,729 shares of company stock valued at $460,974 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SBUX has been the topic of a number of recent analyst reports. New Street Research set a $90.00 target price on shares of Starbucks in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starbucks in a research report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of Starbucks in a research note on Friday, January 30th. Guggenheim restated a “neutral” rating and set a $95.00 price objective (up from $90.00) on shares of Starbucks in a research report on Wednesday, March 4th. Finally, Evercore restated an “outperform” rating on shares of Starbucks in a research note on Wednesday, January 28th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.22.

Starbucks Trading Down 1.0%

NASDAQ SBUX opened at $99.15 on Friday. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $104.82. The stock has a market cap of $112.96 billion, a PE ratio of 81.94, a P/E/G ratio of 2.23 and a beta of 0.93. The stock’s 50 day moving average is $95.28 and its 200 day moving average is $88.30.

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