Starbucks jumps after Q2 beat and higher FY2026 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 primarily tied to Starbucks’ fiscal Q2 2026 earnings release, which showed stronger-than-expected profit and improving demand trends in North America, alongside an increased full-year outlook. Investors also seemed to respond to commentary pointing to continued momentum into April, reinforcing confidence in the company’s ongoing turnaround plan.

Details:

Starbucks reported fiscal second-quarter results for the 13-week period ended March 29, 2026, with revenue of about $9.5 billion (up year over year) and adjusted EPS that topped expectations.

The company raised parts of its fiscal 2026 outlook, including higher guidance for global comparable sales growth (now targeting roughly 5% or better) and an increased full-year EPS range.

Management highlighted improving transaction trends in North America and indicated that positive comparable-sales momentum continued into April.

After the results, at least one major Wall Street firm lifted its price target, citing better earnings power as the turnaround gains traction.

Sources:

Starbucks Investor Relations, Investing.com, MarketBeat

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 6 times in the past 6 months. Of those trades, 1 have been purchases and 5 have been sales.

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

JORGEN VIG KNUDSTORP purchased 11,700 shares for an estimated $994,500
BRADY BREWER (ceo, International) has made 0 purchases and 4 sales selling 4,458 shares for an estimated $424,663.
SARA KELLY (evp, chief partner officer) sold 2,500 shares for an estimated $242,800

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.

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$SBUX Hedge Fund Activity

We have seen 924 institutional investors add shares of $SBUX stock to their portfolio, and 1,216 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 17,940,574 shares (-75.1%) from their portfolio in Q4 2025, for an estimated $1,510,775,736
CAPITAL WORLD INVESTORS added 7,007,268 shares (+9.0%) to their portfolio in Q4 2025, for an estimated $590,082,038
LONE PINE CAPITAL LLC removed 5,561,954 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $468,372,146
MORGAN STANLEY removed 4,909,303 shares (-18.7%) from their portfolio in Q4 2025, for an estimated $413,412,405
CLEARBRIDGE INVESTMENTS, LLC removed 4,511,738 shares (-69.7%) from their portfolio in Q4 2025, for an estimated $379,933,456
JPMORGAN CHASE & CO removed 3,575,773 shares (-42.4%) from their portfolio in Q4 2025, for an estimated $301,115,844
CAPITAL RESEARCH GLOBAL INVESTORS removed 3,278,421 shares (-3.8%) from their portfolio in Q4 2025, for an estimated $276,075,832

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.

$SBUX Congressional Stock Trading

Members of Congress have traded $SBUX stock 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 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 SHELLEY MOORE CAPITO sold up to $15,000 on 01/28.
SENATOR SHELDON WHITEHOUSE has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 01/09.
REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 12/11.

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.

$SBUX Analyst Ratings

Wall Street analysts have issued reports on $SBUX in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/30/2026
Piper Sandler issued a "Overweight" rating on 01/30/2026
BTIG issued a "Buy" rating on 01/29/2026
William Blair issued a "Outperform" rating on 01/23/2026
B of A Securities issued a "Buy" rating on 01/21/2026
BWG Global issued a "Positive" rating on 01/15/2026

To track analyst ratings and price targets for $SBUX, check out Quiver Quantitative's $SBUX forecast page.

$SBUX Price Targets

Multiple analysts have issued price targets for $SBUX recently. We have seen 16 analysts offer price targets for $SBUX in the last 6 months, with a median target of $105.5.

Here are some recent targets:

Matt Curtis from DA Davidson set a target price of $102.0 on 04/29/2026
Peter Saleh from BTIG set a target price of $115.0 on 04/29/2026
David Tarantino from Baird set a target price of $117.0 on 04/29/2026
Andrew M. Charles from TD Cowen set a target price of $106.0 on 04/29/2026
John Ivankoe from JP Morgan set a target price of $100.0 on 04/24/2026
Chris O'Cull from Stifel set a target price of $115.0 on 04/21/2026
Ivan Feinseth from Tigress Financial set a target price of $122.0 on 04/15/2026

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.