Brady Brewer Sells 588 Shares of Starbucks (NASDAQ:SBUX) Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 588 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $100.00, for a total value of $58,800.00. Following the completion of the sale, the chief executive officer owned 79,593 shares of the company’s stock, valued at $7,959,300. The trade was a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brady Brewer also recently made the following trade(s):

• On Friday, June 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $94.33, for a total transaction of $154,795.53.
• On Tuesday, May 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was sold at an average price of $104.81, for a total transaction of $233,621.49.
• On Friday, April 17th, Brady Brewer sold 588 shares of Starbucks stock. The stock was sold at an average price of $100.00, for a total transaction of $58,800.00.
• On Monday, April 6th, Brady Brewer sold 1,641 shares of Starbucks stock. The shares were sold at an average price of $90.00, for a total transaction of $147,690.00.

Starbucks Stock Performance

SBUX stock opened at $101.68 on Wednesday. The firm has a market cap of $115.88 billion, a P/E ratio of 77.03, a P/E/G ratio of 2.00 and a beta of 0.98. The firm’s fifty day moving average is $100.72 and its 200 day moving average is $94.94. Starbucks Corporation has a 52 week low of $77.99 and a 52 week high of $108.88.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Tuesday, April 28th. The coffee company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The business had revenue of $9.53 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, analysts forecast that Starbucks Corporation will post 2.42 EPS for the current year.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, May 15th. This represents a $2.48 annualized dividend and a yield of 2.4%. Starbucks’s dividend payout ratio is currently 187.88%.

Institutional Investors Weigh In On Starbucks

A number of large investors have recently modified their holdings of SBUX. Rachor Investment Advisory Services LLC bought a new position in Starbucks in the fourth quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in Starbucks during the 4th quarter valued at approximately $25,000. Phillip James Consulting Co. bought a new stake in Starbucks during the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd purchased a new position in shares of Starbucks during the 3rd quarter worth approximately $26,000. Finally, Entrust Financial LLC purchased a new position in shares of Starbucks during the 4th quarter worth approximately $26,000. Institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

SBUX has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Starbucks in a research report on Wednesday, April 22nd. Wedbush started coverage on shares of Starbucks in a research note on Thursday, May 14th. They issued an “outperform” rating on the stock. Zacks Research raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. DA Davidson raised their price target on shares of Starbucks from $97.00 to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Robert W. Baird boosted their price objective on shares of Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.93.

Starbucks News Summary

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Some recent analysis says Starbucks is seeing stronger customer traffic thanks to better service, faster operations, and improved store experience, which supports the idea that CEO Brian Niccol’s turnaround plan is starting to gain traction.
• Positive Sentiment: Zacks recently included Starbucks on its list of top income stocks, suggesting some analysts still view the shares favorably despite the near-term noise.
• Neutral Sentiment: Reports that Starbucks plans to open 5,000 smaller-format stores point to a major footprint reset aimed at improving efficiency and adapting to changing customer habits. Starbucks plans 5,000 new stores, but they won’t look the same
• Neutral Sentiment: CEO Brady Brewer’s recent stock sale was small and made under a pre-arranged 10b5-1 plan, so it is unlikely to be a major concern for investors on its own.
• Negative Sentiment: Starbucks Korea is closing all stores early for mandatory history and social sensitivity training after backlash over a marketing campaign, following boycotts, a public apology, and an investigation. The controversy raises brand and sales risk in an important international market. Starbucks Korea to give staff history training after backlash over marketing campaign
• Negative Sentiment: Separate coverage of the South Korea issue suggests the fallout is still weighing on sentiment and could pressure revenue if the boycott persists. Starbucks Korea Shuts Stores Early After Boycott Hits Revenue

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.