Caprock Group LLC Invests $1.83 Million in Starbucks Corporation $SBUX

Caprock Group LLC bought a new stake in Starbucks Corporation (NASDAQ:SBUX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,726 shares of the coffee company’s stock, valued at approximately $1,828,000.

Several other large investors have also recently added to or reduced their stakes in SBUX. Norges Bank acquired a new position in Starbucks during the second quarter worth $1,246,316,000. Corient Private Wealth LLC lifted its holdings in Starbucks by 146.6% in the second quarter. Corient Private Wealth LLC now owns 6,049,192 shares of the coffee company’s stock valued at $553,201,000 after acquiring an additional 3,596,014 shares during the period. Invesco Ltd. boosted its position in shares of Starbucks by 11.2% during the 2nd quarter. Invesco Ltd. now owns 12,757,954 shares of the coffee company’s stock worth $1,169,011,000 after purchasing an additional 1,286,451 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Starbucks by 68.0% during the 2nd quarter. California Public Employees Retirement System now owns 3,027,814 shares of the coffee company’s stock worth $277,439,000 after purchasing an additional 1,225,447 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Starbucks by 22.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,578,977 shares of the coffee company’s stock valued at $511,202,000 after purchasing an additional 1,026,056 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Starbucks Trading Down 3.1%

NASDAQ:SBUX opened at $93.79 on Friday. Starbucks Corporation has a 12-month low of $75.50 and a 12-month high of $117.46. The firm has a market cap of $106.85 billion, a price-to-earnings ratio of 77.51, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96. The company’s 50-day moving average is $90.22 and its two-hundred day moving average is $87.33.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The firm had revenue of $9.92 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the firm earned $0.69 EPS. The business’s quarterly revenue 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 forecast that Starbucks Corporation will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SBUX shares. TD Cowen reiterated a “hold” rating and set a $89.00 price target (up from $84.00) on shares of Starbucks in a research report on Friday, January 30th. Barclays set a $116.00 price objective on Starbucks and gave the company an “overweight” rating in a research note on Friday, January 30th. BTIG Research reiterated a “buy” rating and set a $105.00 target price on shares of Starbucks in a research report on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price target on shares of Starbucks in a research report on Friday, January 30th. Finally, Wells Fargo & Company set a $110.00 price target on Starbucks in a research note on Wednesday, January 28th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.31.

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.