122,138 Shares in Starbucks Corporation $SBUX Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 122,138 shares of the coffee company’s stock, valued at approximately $10,333,000.

Other large investors also recently bought and sold shares of the company. Transce3nd LLC increased its position in shares of 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 acquiring an additional 200 shares during the last quarter. Collier Financial purchased a new stake in shares of Starbucks in the 3rd quarter valued at approximately $25,000. Y.D. More Investments Ltd acquired a new position in shares of Starbucks in the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Starbucks during the 3rd quarter worth approximately $27,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Starbucks during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SBUX. Barclays set a $116.00 target price on Starbucks and gave the company an “overweight” rating in a research report on Friday, January 30th. Mizuho raised their price target on Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. BTIG Research reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Starbucks in a research note on Thursday, January 29th. Zacks Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Bank of America set a $114.00 target price on Starbucks in a research note on Wednesday, January 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.22.

Insiders Place Their Bets

In related news, CEO Brady Brewer sold 1,641 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $97.12, for a total value of $159,373.92. Following the transaction, the chief executive officer owned 86,605 shares of the company’s stock, valued at $8,411,077.60. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 value of $242,800.00. Following the completion of the sale, the executive vice president owned 59,609 shares in the company, valued at approximately $5,789,226.08. This represents a 4.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,729 shares of company stock valued at $460,974. Insiders own 0.03% of the company’s stock.

Starbucks Stock Down 1.0%

Shares of NASDAQ:SBUX opened at $99.15 on Monday. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $104.82. The firm’s 50 day moving average price is $95.28 and its 200 day moving average price is $88.32. The stock has a market cap of $112.96 billion, a price-to-earnings ratio of 81.94, a price-to-earnings-growth ratio of 2.21 and a beta of 0.93.

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

About Starbucks

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.