CenterBook Partners LP Buys New Position in Starbucks Corporation $SBUX

CenterBook Partners LP bought a new stake in Starbucks Corporation (NASDAQ:SBUX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,845 shares of the coffee company’s stock, valued at approximately $737,000.

Other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Starbucks during the second quarter worth approximately $25,000. Black Cypress Capital Management LLC acquired a new stake in shares of Starbucks in the second quarter worth $27,000. Center for Financial Planning Inc. increased its position in Starbucks by 125.2% during the third quarter. Center for Financial Planning Inc. now owns 295 shares of the coffee company’s stock worth $28,000 after acquiring an additional 164 shares during the period. Bangor Savings Bank increased its position in Starbucks by 207.5% during the second quarter. Bangor Savings Bank now owns 326 shares of the coffee company’s stock worth $33,000 after acquiring an additional 220 shares during the period. Finally, William Mack & Associates Inc. bought a new position in Starbucks during the third quarter worth $31,000. 72.29% of the stock is owned by institutional investors.

Starbucks Price Performance

Shares of SBUX stock opened at $109.95 on Wednesday. The stock has a market cap of $125.34 billion, a P/E ratio of 40.38, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01. Starbucks Corporation has a one year low of $81.97 and a one year high of $111.50. The stock has a fifty day moving average price of $99.25 and a 200 day moving average price of $100.18.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a net margin of 6.66% and a negative return on equity of 38.61%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities research analysts anticipate that Starbucks Corporation will post 3.22 EPS for the current year.

Starbucks Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.63 per share. This is a positive change from Starbucks’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, November 13th. Starbucks’s dividend payout ratio is 112.22%.

Analysts Set New Price Targets

A number of analysts have weighed in on SBUX shares. Raymond James Financial reissued an “outperform” rating on shares of Starbucks in a report on Friday, October 9th. BNP Paribas Exane boosted their price objective on shares of Starbucks from $87.00 to $92.00 and gave the stock an “underperform” rating in a report on Thursday, July 30th. Rothschild & Co Redburn boosted their price objective on shares of Starbucks from $81.00 to $82.00 and gave the stock a “sell” rating in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $126.00 price objective (up from $120.00) on shares of Starbucks in a research report on Thursday, July 30th. Finally, CICC Research boosted their price target on Starbucks from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Twenty-one equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Starbucks currently has a consensus rating of “Hold” and a consensus target price of $108.83.

Insider Buying and Selling

In other Starbucks news, CEO Brady Brewer sold 2,229 shares of Starbucks stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $110.00, for a total transaction of $245,190.00. Following the sale, the chief executive officer directly owned 68,691 shares of the company’s stock, valued at approximately $7,556,010. The trade was a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,687 shares of company stock worth $694,874 in the last three months. 0.03% of the stock is owned by company insiders.

Key Headlines Impacting Starbucks

Here are the key news stories impacting Starbucks this week:

• Positive Sentiment: Stifel resumed coverage with a Buy rating and a $115 price target, adding a bullish analyst view that helped support the stock’s recent advance. Starbucks rises as Stifel resumes coverage with Buy rating and $115 target
• Positive Sentiment: Starbucks is targeting 18% EPS growth in fiscal 2027, supported by margin expansion and cost savings, as well as an additional fiscal week. If achieved, stronger earnings could offset softer sales. Can SBUX Deliver 18% EPS Growth Despite a 1% Revenue Decline in FY27?
• Positive Sentiment: Starbucks raised its quarterly dividend to $0.63 from $0.62, a modest increase that may appeal to income-focused investors. The dividend implies a 2.3% yield at the cited share price. Starbucks insider trading report and dividend information
• Neutral Sentiment: CEO Brady Brewer sold 2,229 shares under a pre-arranged Rule 10b5-1 trading plan and retained 68,691 shares afterward. The planned sale may be less informative than an unplanned transaction. SEC insider transaction filing
• Negative Sentiment: The fiscal 2027 outlook calls for revenue to decline about 1%, making the targeted EPS growth reliant on cost savings and improved margins rather than sales growth. Execution will be important. Fiscal 2027 EPS and revenue outlook

Starbucks Profile

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products. The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment. Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.