Insider Selling: Starbucks (NASDAQ:SBUX) CEO Sells $235,382.40 in Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $105.60, for a total value of $235,382.40. Following the transaction, the chief executive officer directly owned 73,149 shares in the company, valued at $7,724,534.40. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 5th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $105.99, for a total value of $236,251.71.
• On Monday, July 6th, Brady Brewer sold 2,229 shares of Starbucks stock. The stock was sold at an average price of $104.00, for a total transaction of $231,816.00.
• On Thursday, June 11th, 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.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $98.74 on Friday. Starbucks Corporation has a 1 year low of $77.99 and a 1 year high of $110.51. The company has a market capitalization of $112.56 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 1.71 and a beta of 0.97. The business has a fifty day moving average price of $105.16 and a two-hundred day moving average price of $101.27.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, July 29th. The coffee company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The company had revenue of $9.32 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same quarter last year, the business posted $0.50 EPS. Starbucks’s quarterly revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Sell-side analysts anticipate that Starbucks Corporation will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of Starbucks in a research note on Tuesday, August 18th. Guggenheim assumed coverage on Starbucks in a report on Monday, August 3rd. They issued a “buy” rating on the stock. Evercore reiterated an “outperform” rating on shares of Starbucks in a research report on Thursday, July 30th. Royal Bank Of Canada reissued a “sector perform” rating and set a $115.00 price objective (up from $110.00) on shares of Starbucks in a report on Thursday, July 30th. Finally, Wells Fargo & Company cut shares of Starbucks from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Hold” and a consensus target price of $110.30.

Hedge Funds Weigh In On Starbucks

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in Starbucks by 10,101.1% during the 2nd quarter. California State Teachers Retirement System now owns 179,138,252 shares of the coffee company’s stock valued at $18,306,138,000 after acquiring an additional 177,382,188 shares during the period. BlackRock Inc. bought a new stake in shares of Starbucks in the second quarter worth approximately $8,504,509,000. Bank of America Corp DE purchased a new position in shares of Starbucks during the second quarter valued at approximately $1,581,287,000. Norges Bank purchased a new position in shares of Starbucks during the fourth quarter valued at approximately $1,232,650,000. Finally, T. Rowe Price Investment Management Inc. lifted its position in Starbucks by 65.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock valued at $1,637,704,000 after purchasing an additional 7,725,547 shares during the period. 72.29% of the stock is owned by institutional investors.

Key Starbucks News

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Starbucks plans to invest approximately $1 billion renovating as many as 8,000–9,000 North American company-operated stores. New seating, rugs, plants and other design upgrades are intended to increase customer dwell time, improve the in-store experience and support sales. Starbucks store renovation investment
• Positive Sentiment: Niccol said Starbucks’ “Back to Starbucks” turnaround is working and that roughly 1,500 or more upgraded locations could be completed by the end of the current fiscal year. The strategy focuses on service execution, café atmosphere and returning the brand to its coffeehouse roots. Starbucks CEO discusses café renovations
• Positive Sentiment: The company is emphasizing Refreshers and other cold beverages to drive afternoon traffic. The initiative could broaden Starbucks’ customer base and improve sales outside traditional morning coffee hours. Starbucks Refreshers strategy
• Neutral Sentiment: Starbucks has called for a safer Seattle, which could help improve the environment around stores and customer traffic, although the near-term financial impact is unclear. Starbucks and Seattle safety concerns
• Negative Sentiment: Workers at a Hamilton, Ontario, Starbucks have joined the United Steelworkers union, adding to labor-organizing activity in Canada. Broader unionization could increase labor costs and operational complexity. Hamilton Starbucks employees join union
• Negative Sentiment: Refreshers face rising competition from Dutch Bros and McDonald’s, raising doubts about whether the product push can generate sustained traffic gains. Starbucks also trades at an elevated valuation, while latest quarterly revenue declined 1.4% year over year despite an earnings beat.
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 plan. The transaction is relatively small but may attract attention from investors monitoring insider activity.

About Starbucks

Starbucks Corporation is a global coffeehouse company that roasts, markets and sells specialty coffee, tea, cold beverages, food and other related products. Its offerings include brewed coffee, espresso-based beverages, cold drinks, teas, pastries, breakfast items and packaged coffee and tea products. Starbucks also sells branded merchandise, including drinkware and related accessories.

Founded in 1971 in Seattle, Starbucks has grown from a local coffee retailer into an international business.