Sierra Summit Advisors LLC Raises Holdings in Starbucks Corporation $SBUX

Sierra Summit Advisors LLC raised its position in shares of Starbucks Corporation (NASDAQ:SBUX) by 139.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,758 shares of the coffee company’s stock after acquiring an additional 14,989 shares during the period. Sierra Summit Advisors LLC’s holdings in Starbucks were worth $2,179,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBUX. UBS Group reiterated a “neutral” rating on shares of Starbucks in a report on Friday, January 30th. Evercore reaffirmed an “outperform” rating on shares of Starbucks in a research report on Wednesday, January 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Starbucks in a research note on Monday, January 26th. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price target on shares of Starbucks in a research report on Friday, January 30th. Finally, New Street Research set a $90.00 price target on Starbucks in a report on Tuesday, January 27th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average price target of $104.31.

Starbucks Stock Performance

Shares of SBUX opened at $98.02 on Friday. Starbucks Corporation has a one year low of $75.50 and a one year high of $117.46. The stock has a 50-day moving average price of $92.43 and a 200 day moving average price of $87.69. The company has a market capitalization of $111.67 billion, a P/E ratio of 81.01, a P/E/G ratio of 2.19 and a beta of 0.96.

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 the consensus estimate of $0.59 by ($0.03). The business had revenue of $9.92 billion for the quarter, compared to analysts’ expectations of $9.62 billion. Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.Starbucks’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. As a group, equities research analysts forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal 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.