PARK CIRCLE Co Has $5.81 Million Position in Starbucks Corporation $SBUX

PARK CIRCLE Co lowered its position in Starbucks Corporation (NASDAQ:SBUX) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 68,620 shares of the coffee company’s stock after selling 5,430 shares during the quarter. Starbucks comprises 4.9% of PARK CIRCLE Co’s investment portfolio, making the stock its 5th largest holding. PARK CIRCLE Co’s holdings in Starbucks were worth $5,805,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Starbucks by 86.5% in the 4th quarter. Brighton Jones LLC now owns 176,722 shares of the coffee company’s stock valued at $16,126,000 after buying an additional 81,952 shares in the last quarter. Balboa Wealth Partners boosted its holdings in shares of Starbucks by 8.6% in the second quarter. Balboa Wealth Partners now owns 3,236 shares of the coffee company’s stock worth $297,000 after acquiring an additional 255 shares during the period. Stephens Inc. AR grew its position in shares of Starbucks by 13.9% in the second quarter. Stephens Inc. AR now owns 79,054 shares of the coffee company’s stock valued at $7,244,000 after purchasing an additional 9,666 shares in the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Starbucks by 1.6% during the 2nd quarter. Accretive Wealth Partners LLC now owns 18,486 shares of the coffee company’s stock valued at $1,694,000 after purchasing an additional 290 shares during the period. Finally, FLC Capital Advisors lifted its holdings in Starbucks by 9.6% during the 2nd quarter. FLC Capital Advisors now owns 10,351 shares of the coffee company’s stock worth $948,000 after purchasing an additional 905 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating on shares of Starbucks in a report on Wednesday, January 28th. TD Cowen reaffirmed a “hold” rating and set a $89.00 price objective (up previously from $84.00) on shares of Starbucks in a research note on Friday, January 30th. New Street Research set a $90.00 target price on shares of Starbucks in a report on Tuesday, January 27th. Citigroup cut their price target on shares of Starbucks from $94.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Finally, Zacks Research upgraded shares of Starbucks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $93.79 on Tuesday. The company’s fifty day moving average price is $90.42 and its 200-day moving average price is $87.28. The firm has a market capitalization of $106.85 billion, a price-to-earnings ratio of 77.51, a PEG ratio of 2.10 and a beta of 0.96. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46.

Starbucks (NASDAQ:SBUX) last posted 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 the consensus estimate of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities research analysts expect 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.