Krilogy Financial LLC Takes $647,000 Position in Starbucks Corporation $SBUX

Krilogy Financial LLC acquired a new stake in Starbucks Corporation (NASDAQ:SBUX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,808 shares of the coffee company’s stock, valued at approximately $647,000.

Several other hedge funds have also added to or reduced their stakes in SBUX. Transce3nd LLC raised its stake 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 position in Starbucks in the third quarter valued at approximately $25,000. MTM Investment Management LLC bought a new position in shares of Starbucks during the 2nd quarter worth $28,000. PFS Partners LLC lifted 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 buying an additional 279 shares in the last quarter. Finally, RMG Wealth Management LLC grew its holdings in Starbucks by 109.9% during the 3rd quarter. RMG Wealth Management LLC now owns 382 shares of the coffee company’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Trading Down 3.1%

NASDAQ:SBUX opened at $93.79 on Friday. The company has a market capitalization of $106.85 billion, a P/E ratio of 77.51, a P/E/G ratio of 2.16 and a beta of 0.96. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The business’s 50-day moving average is $90.22 and its 200 day moving average is $87.33.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results 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 negative return on equity of 28.66% and a net margin of 3.63%.The firm had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. Starbucks’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, research analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBUX. Mizuho upped their target price on shares of Starbucks from $86.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Starbucks from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. New Street Research set a $90.00 price target on shares of Starbucks in a report on Tuesday, January 27th. Piper Sandler reiterated an “overweight” rating and issued a $103.00 price objective (up previously from $100.00) on shares of Starbucks in a report on Friday, January 30th. Finally, Morgan Stanley set a $105.00 price target on Starbucks and gave the stock an “overweight” rating in a research report on Monday, October 20th. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.31.

Starbucks Company 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.