Starbucks (NASDAQ:SBUX) CEO Brady Brewer Sells 2,229 Shares

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $105.60, for a total transaction of $235,382.40. Following the transaction, the chief executive officer owned 73,149 shares of the company’s stock, valued at $7,724,534.40. The trade was a 2.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brady Brewer also recently made the following trade(s):

• On Wednesday, August 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71.
• On Monday, July 6th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00.
• On Thursday, June 11th, Brady Brewer sold 588 shares of Starbucks stock. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00.

Starbucks Price Performance

Shares of NASDAQ SBUX opened at $100.04 on Thursday. The stock has a market capitalization of $114.05 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 1.76 and a beta of 0.97. The business has a 50-day moving average of $105.37 and a 200-day moving average of $101.27. Starbucks Corporation has a fifty-two week low of $77.99 and a fifty-two week high of $110.51.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. Starbucks’s quarterly revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, sell-side analysts expect that Starbucks Corporation will post 2.64 EPS for the current year.

Institutional Trading of Starbucks

Hedge funds have recently made changes to their positions in the business. Capstone Financial Advisors Inc. acquired a new position in shares of Starbucks during the 2nd quarter worth approximately $2,981,000. MCF Advisors LLC raised its stake in Starbucks by 2.1% in the 2nd quarter. MCF Advisors LLC now owns 6,302 shares of the coffee company’s stock valued at $644,000 after acquiring an additional 130 shares during the period. Gemmer Asset Management LLC lifted its holdings in Starbucks by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 105,495 shares of the coffee company’s stock valued at $10,781,000 after purchasing an additional 510 shares during the last quarter. National Pension Service lifted its holdings in Starbucks by 1.4% during the 2nd quarter. National Pension Service now owns 2,795,886 shares of the coffee company’s stock valued at $285,712,000 after purchasing an additional 37,412 shares during the last quarter. Finally, NorthRock Partners LLC boosted its position in Starbucks by 14.6% during the second quarter. NorthRock Partners LLC now owns 23,626 shares of the coffee company’s stock worth $2,414,000 after purchasing an additional 3,006 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SBUX shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. Stephens began coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “overweight” rating for the company. Scotiabank downgraded shares of Starbucks from a “market perform” rating to an “underperform” rating in a report on Thursday, May 14th. Raymond James Financial lowered shares of Starbucks to an “outperform” rating in a research report on Monday, August 3rd. Finally, BNP Paribas Exane increased their price target on shares of Starbucks from $87.00 to $92.00 and gave the company an “underperform” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $110.30.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.