Starbucks Jumps After Strong Q3 Sales and Higher 2026 Outlook

Starbucks Corporation (SBUX) is up 7.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a strong fiscal third-quarter update that showed better-than-expected sales and profit, along with higher full-year guidance. Investors also seem to be responding to signs that the company’s turnaround effort is gaining traction, especially through stronger comparable-store sales.

Details:

Starbucks reported fiscal third-quarter results on July 29, 2026, after the market close, putting earnings and guidance at the center of today’s reaction.

Global same-store sales rose 7.9% in the quarter, helped by stronger customer traffic and ticket growth, which was well ahead of expectations referenced in market coverage.

Revenue was about $9.3 billion and topped forecasts, while profit also came in ahead of expectations, reinforcing the view that operating trends improved during the quarter.

The company raised its full-year outlook, including a global same-store sales growth target of 6% and adjusted earnings per share guidance of $2.55 to $2.65, up from the prior range of $2.25 to $2.45.

Sources:

Starbucks Investor Relations, AP News, Fidelity

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SBUX Insider Trading Activity

$SBUX insiders have traded $SBUX stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $SBUX stock by insiders over the last 6 months:

BRADY BREWER (ceo, International) has made 0 purchases and 8 sales selling 11,145 shares for an estimated $1,103,696.
SARA KELLY (evp, chief partner officer) has made 0 purchases and 2 sales selling 4,500 shares for an estimated $452,800.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive SBUX Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$SBUX Hedge Fund Activity

We have seen 977 institutional investors add shares of $SBUX stock to their portfolio, and 1,069 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL RESEARCH GLOBAL INVESTORS added 20,166,590 shares (+24.5%) to their portfolio in Q1 2026, for an estimated $1,806,724,798
CAPITAL WORLD INVESTORS added 18,588,224 shares (+21.9%) to their portfolio in Q1 2026, for an estimated $1,665,318,988
MORGAN STANLEY added 3,587,774 shares (+16.9%) to their portfolio in Q1 2026, for an estimated $321,428,672
WELLINGTON MANAGEMENT GROUP LLP added 2,664,618 shares (+202.2%) to their portfolio in Q1 2026, for an estimated $238,723,126
ASSENAGON ASSET MANAGEMENT S.A. added 2,637,715 shares (+483.8%) to their portfolio in Q2 2026, for an estimated $269,548,095
HOLOCENE ADVISORS, LP added 2,132,307 shares (+inf%) to their portfolio in Q1 2026, for an estimated $191,033,384
UBS GROUP AG added 1,814,128 shares (+22.5%) to their portfolio in Q1 2026, for an estimated $162,527,727

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SBUX Congressional Stock Trading

Members of Congress have traded $SBUX stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $SBUX stock by members of Congress over the last 6 months:

SENATOR JIM BANKS sold up to $15,000 on 04/15.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 01/28.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$SBUX Price Targets

Multiple analysts have issued price targets for $SBUX recently. We have seen 15 analysts offer price targets for $SBUX in the last 6 months, with a median target of $110.0.

Here are some recent targets:

Andrew M. Charles from TD Cowen set a target price of $120.0 on 05/14/2026
Chris O'Cull from Stifel set a target price of $117.0 on 05/06/2026
Peter Saleh from BTIG set a target price of $115.0 on 04/29/2026
Dennis Geiger from UBS set a target price of $105.0 on 04/29/2026
Gregory Francfort from Guggenheim set a target price of $97.0 on 04/29/2026
Logan Reich from RBC Capital set a target price of $110.0 on 04/29/2026
Steve McManus from BNP Paribas set a target price of $87.0 on 04/29/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.