72,091 Shares in Starbucks Corporation $SBUX Bought by Providence Capital Advisors LLC

Providence Capital Advisors LLC bought a new position in Starbucks Corporation (NASDAQ:SBUX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 72,091 shares of the coffee company’s stock, valued at approximately $6,099,000.

Other institutional investors have also made changes to their positions in the company. Wesbanco Bank Inc. boosted its holdings in shares of Starbucks by 9.1% in the 3rd quarter. Wesbanco Bank Inc. now owns 158,781 shares of the coffee company’s stock valued at $13,433,000 after buying an additional 13,217 shares during the period. Rockland Trust Co. lifted its position in Starbucks by 0.8% in the 3rd quarter. Rockland Trust Co. now owns 247,440 shares of the coffee company’s stock valued at $20,933,000 after purchasing an additional 2,064 shares during the last quarter. AlTi Global Inc. increased its stake in shares of Starbucks by 1.2% in the third quarter. AlTi Global Inc. now owns 19,447 shares of the coffee company’s stock valued at $1,645,000 after purchasing an additional 234 shares during the period. D.B. Root & Company LLC raised its holdings in shares of Starbucks by 9.4% during the third quarter. D.B. Root & Company LLC now owns 14,141 shares of the coffee company’s stock valued at $1,196,000 after buying an additional 1,213 shares during the last quarter. Finally, Candriam S.C.A. grew its stake in shares of Starbucks by 1.2% in the third quarter. Candriam S.C.A. now owns 134,762 shares of the coffee company’s stock worth $11,401,000 after purchasing an additional 1,632 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors.

Starbucks Stock Down 0.5%

SBUX opened at $98.98 on Tuesday. The firm has a market cap of $112.77 billion, a PE ratio of 81.80, a P/E/G ratio of 2.22 and a beta of 0.96. The business has a fifty day simple moving average of $89.32 and a 200-day simple moving average of $87.16. Starbucks Corporation has a fifty-two week low of $75.50 and a fifty-two week high of $117.46.

Starbucks (NASDAQ:SBUX) last announced its earnings results 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). Starbucks had a negative return on equity of 28.66% and a net margin of 3.63%.The company had revenue of $9.92 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, equities research analysts anticipate that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

SBUX has been the subject of a number of research analyst reports. Dbs Bank lowered shares of Starbucks from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. New Street Research set a $90.00 target price on Starbucks in a research report on Tuesday, January 27th. Evercore reiterated an “outperform” rating on shares of Starbucks in a research report on Wednesday, January 28th. UBS Group reissued a “neutral” rating on shares of Starbucks in a research note on Friday, January 30th. Finally, Mizuho raised their target price on Starbucks from $86.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Eighteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Starbucks has a consensus rating of “Moderate Buy” and an average price target of $104.67.

Starbucks 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.