Allworth Financial LP Buys New Position in Starbucks Corporation $SBUX

Key Points

• Allworth Financial LP acquired 217,253 Starbucks shares during the second quarter, valued at approximately $22.2 million. Institutional investors and hedge funds collectively own 72.29% of SBUX.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $110.30; individual firms recently raised, lowered or initiated targets and ratings.
• Starbucks exceeded quarterly expectations with $0.85 earnings per share versus the $0.66 consensus and $9.32 billion in revenue, while announcing a quarterly dividend of $0.62 per share, equivalent to a 2.3% yield.

Allworth Financial LP acquired a new stake in Starbucks Corporation (NASDAQ:SBUX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 217,253 shares of the coffee company's stock, valued at approximately $22,201,000.

Several other large investors also recently modified their holdings of the company. Rachor Investment Advisory Services LLC bought a new stake in Starbucks in the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in Starbucks in the fourth quarter worth approximately $25,000. Phillip James Consulting Co. acquired a new stake in Starbucks in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Starbucks in the second quarter valued at approximately $25,000. Finally, Entrust Financial LLC bought a new stake in shares of Starbucks during the fourth quarter valued at approximately $26,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SBUX has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $115.00 target price (up from $110.00) on shares of Starbucks in a research report on Thursday, July 30th. Raymond James Financial downgraded shares of Starbucks to an "outperform" rating in a research report on Monday, August 3rd. Wells Fargo & Company lowered shares of Starbucks from an "overweight" rating to an "underweight" rating in a research note on Monday, August 3rd. Piper Sandler restated an "overweight" rating and set a $110.00 price objective on shares of Starbucks in a report on Wednesday, April 29th. Finally, Compass Point began coverage on shares of Starbucks in a research note on Monday, August 3rd. They issued a "buy" rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $110.30.

Starbucks Trading Up 0.4%

Shares of Starbucks stock opened at $107.49 on Tuesday. The stock has a fifty day simple moving average of $104.57 and a 200 day simple moving average of $100.53. Starbucks Corporation has a 12-month low of $77.99 and a 12-month high of $110.51. The company has a market capitalization of $122.54 billion, a P/E ratio of 61.78, a price-to-earnings-growth ratio of 1.85 and a beta of 0.97.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $9.17 billion. During the same period last year, the business earned $0.50 EPS. The business's 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, analysts predict that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks's payout ratio is presently 142.53%.

Trending Headlines about Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks’ coffee strategy is drawing renewed investor attention as management focuses on improving the customer experience, store performance and operational execution. Starbucks Coffee Strategy Draws Fresh Attention
• Positive Sentiment: The fall menu includes the return of a 23-year-old customer favorite along with nine new seasonal food and beverage items, providing a potential near-term traffic and sales catalyst. Starbucks Fall Menu 2026
• Positive Sentiment: The limited-time Unicorn Frappuccino reportedly produced Starbucks’ biggest sales weekend ever and lifted traffic 28.5% versus a typical Saturday, supporting the case that innovative promotions can attract customers. Starbucks Unicorn Frappuccino Sales
• Positive Sentiment: Analyst commentary highlights SBUX’s roughly 27% year-to-date advance, stronger traffic, recovering margins and raised guidance. Recent earnings also exceeded expectations, with quarterly EPS of $0.85 versus a $0.66 consensus and revenue of $9.32 billion. Starbucks Stock Gains 27 Percent Year to Date
• Neutral Sentiment: Starbucks has received a consensus analyst rating of “Hold,” suggesting that improving fundamentals are currently balanced against the stock’s already strong rally and execution risks. Starbucks Consensus Hold Rating
• Negative Sentiment: At a premium valuation, SBUX could experience greater volatility if consumer spending weakens or investors reduce expectations for the turnaround. Higher input costs and broader consumer uncertainty remain key risks. High-Flying Stocks With Warning Signs
• Negative Sentiment: Starbucks plans to eliminate more than 200 positions at its Seattle headquarters and shift some roles to Nashville. The restructuring may improve efficiency, but the layoffs could signal ongoing cost and organizational pressure. Starbucks Seattle Headquarters Layoffs

Insider Buying and Selling at Starbucks

In other news, CEO Brady Brewer sold 2,229 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total value of $236,251.71. Following the completion of the transaction, the chief executive officer directly owned 75,135 shares of the company's stock, valued at $7,963,558.65. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,687 shares of company stock valued at $681,663. 0.03% of the stock is owned by insiders.

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.

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