Towercrest Capital Management Makes New $675,000 Investment in Starbucks Corporation $SBUX

Towercrest Capital Management bought a new position in Starbucks Corporation (NASDAQ:SBUX) during the second quarter, Holdings Channel.com reports. The firm bought 6,601 shares of the coffee company’s stock, valued at approximately $675,000. Starbucks makes up about 0.1% of Towercrest Capital Management’s portfolio, making the stock its 29th biggest holding.

Several other institutional investors also recently modified their holdings of SBUX. Rachor Investment Advisory Services LLC bought a new stake in Starbucks during the fourth quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks in the 4th quarter valued at $25,000. Phillip James Consulting Co. bought a new position in Starbucks in the 4th quarter valued at $25,000. Entrust Financial LLC purchased a new stake in shares of Starbucks during the 4th quarter valued at $26,000. Finally, Tucker Asset Management LLC purchased a new position in shares of Starbucks in the 4th quarter worth about $27,000. 72.29% of the stock is owned by institutional investors.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks reported strong recent operating momentum: global comparable sales increased 7.9% in fiscal third-quarter 2026, while revenue reached approximately $9.3 billion. The trends could support the company’s fiscal 2026 earnings outlook and reflect progress from investments in its coffeehouses. Can Starbucks’ Solid Comps Growth Support Stronger FY26 Earnings?
• Positive Sentiment: A promotional return of the Unicorn Frappuccino helped produce a record sales weekend, suggesting that limited-time products and brand engagement can continue to drive customer traffic. Starbucks Just Landed the Biggest Weekend in the Company’s History
• Neutral Sentiment: Investor comparisons with McDonald’s and Chipotle show that restaurant-stock performance in 2026 has favored companies undergoing structural change. Starbucks’ valuation remains elevated, making sustained sales and earnings improvement important for further upside. Which Restaurant Stock Has Dominated in 2026: McDonald’s, Chipotle, or Starbucks?
• Negative Sentiment: Starbucks is eliminating more than 200 corporate positions as part of its restructuring and approximately $2 billion cost-reduction effort. The cuts include technology, store design and construction, and coffeehouse development roles; 120 Seattle-based employees reportedly face separation after declining relocation to the new Nashville office. The company said the reductions do not involve cafe closures, but the announcement is raising concerns about disruption and turnaround execution. Starbucks Laying Off More Than 200 Workers in Streamlining Drive

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SBUX. Robert W. Baird set a $124.00 price objective on shares of Starbucks in a report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research report on Monday, July 20th. Morgan Stanley lowered shares of Starbucks from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on shares of Starbucks from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $130.00 price objective on shares of Starbucks in a research note on Thursday, July 30th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $110.30.

Starbucks Price Performance

Starbucks stock opened at $103.99 on Friday. The firm has a market capitalization of $118.55 billion, a P/E ratio of 59.76, a PEG ratio of 1.81 and a beta of 0.97. Starbucks Corporation has a one year low of $77.99 and a one year high of $110.51. The business has a fifty day moving average price of $104.37 and a 200-day moving average price of $100.32.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data 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. The company had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Sell-side analysts expect that Starbucks Corporation will post 2.64 earnings per share for the current fiscal year.

Starbucks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Starbucks’s dividend payout ratio is presently 142.53%.

Insider Activity at Starbucks

In related news, CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer owned 75,135 shares of the company’s stock, valued at approximately $7,963,558.65. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,687 shares of company stock valued at $681,663 in the last three months. 0.03% of the stock is currently owned by company insiders.

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.