Analysts Issue Forecasts for Starbucks Co.’s Q2 2026 Earnings (NASDAQ:SBUX)

Starbucks Co. (NASDAQ:SBUX) – Stock analysts at Zacks Research lowered their Q2 2026 earnings per share estimates for shares of Starbucks in a report issued on Monday, October 14th. Zacks Research analyst H. Ray now expects that the coffee company will earn $0.90 per share for the quarter, down from their previous forecast of $0.96. The consensus estimate for Starbucks’ current full-year earnings is $3.55 per share. Zacks Research also issued estimates for Starbucks’ Q3 2026 earnings at $1.13 EPS, Q4 2026 earnings at $1.23 EPS and FY2026 earnings at $4.31 EPS.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a negative return on equity of 49.38% and a net margin of 11.16%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS.

Several other brokerages also recently weighed in on SBUX. Morgan Stanley reaffirmed an “overweight” rating and set a $98.00 price target on shares of Starbucks in a research report on Wednesday, July 31st. Evercore ISI raised Starbucks from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $80.00 to $120.00 in a research report on Wednesday, August 14th. Stifel Nicolaus raised shares of Starbucks from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $110.00 in a research note on Wednesday, August 14th. Barclays increased their target price on shares of Starbucks from $93.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Finally, Wedbush reissued a “neutral” rating and set a $80.00 target price on shares of Starbucks in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.16.

Starbucks Stock Performance

Shares of SBUX opened at $95.04 on Tuesday. The business’s 50-day moving average is $93.67 and its two-hundred day moving average is $84.54. The company has a market capitalization of $107.65 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.06 and a beta of 0.97. Starbucks has a fifty-two week low of $71.55 and a fifty-two week high of $107.66.

Institutional Trading of Starbucks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Starbucks by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 108,403,768 shares of the coffee company’s stock valued at $9,907,020,000 after purchasing an additional 470,498 shares during the last quarter. Legal & General Group Plc increased its holdings in Starbucks by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 8,720,903 shares of the coffee company’s stock valued at $678,923,000 after purchasing an additional 221,718 shares during the last quarter. Flossbach Von Storch AG increased its holdings in Starbucks by 106.7% in the 1st quarter. Flossbach Von Storch AG now owns 5,612,687 shares of the coffee company’s stock valued at $512,943,000 after purchasing an additional 2,897,282 shares during the last quarter. Nordea Investment Management AB increased its holdings in Starbucks by 5.2% in the 1st quarter. Nordea Investment Management AB now owns 5,412,603 shares of the coffee company’s stock valued at $495,145,000 after purchasing an additional 266,570 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Starbucks in the 1st quarter valued at approximately $415,167,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling at Starbucks

In other Starbucks news, CEO Rachel Ruggeri sold 3,290 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $91.16, for a total value of $299,916.40. Following the completion of the sale, the chief executive officer now owns 62,502 shares in the company, valued at approximately $5,697,682.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $94.03, for a total transaction of $305,597.50. Following the completion of the sale, the chief executive officer now owns 75,054 shares in the company, valued at $7,057,327.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rachel Ruggeri sold 3,290 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $91.16, for a total transaction of $299,916.40. Following the sale, the chief executive officer now owns 62,502 shares of the company’s stock, valued at $5,697,682.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.98% of the stock is owned by insiders.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.