At the time of writing, Starbucks Corp. [SBUX] stock is trading at $91.66, up 0.05%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SBUX shares have gain 0.78% over the last week, with a monthly amount drifted -2.35%, and not seem to be holding up well over a long-time horizon.
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On 5, March 2024, Strategic Organizing Center Issues Statement on Starbucks. In a post published today on Yahoo Finance, Believes agreement on path forward reached by Starbucks and Workers United represents meaningful progress that will benefit all stakeholders.
From an analyst’s perspective:
Starbucks Corp. [NASDAQ: SBUX] stock has seen the most recent analyst activity on January 31, 2024, when BTIG Research reiterated its Buy rating and also revised its price target to $115 from $125. Previously, Citigroup reaffirmed its Neutral rating on January 18, 2024, and dropped its price target to $102. On January 16, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $120 on the stock. Gordon Haskett downgraded its rating to a Hold but stick to its price target of $100 on January 16, 2024. HSBC Securities initiated its recommendation with a Hold and recommended $107 as its price target on December 20, 2023. Deutsche Bank started tracking with a Buy rating for this stock on October 19, 2023, and assigned it a price target of $118. In a note dated September 19, 2023, TD Cowen downgraded an Market Perform rating on this stock and revised its target price from $117 to $107.
For the past year, the stock price of Starbucks Corp. fluctuated between $89.21 and $115.48. Currently, Wall Street analysts expect the stock to reach $107.96 within the next 12 months. Starbucks Corp. [NASDAQ: SBUX] shares were valued at $91.66 at the most recent close of the market. An investor can expect a potential return of 17.78% based on the average SBUX price forecast.
Analyzing the SBUX fundamentals
According to Starbucks Corp. [NASDAQ:SBUX], the company’s sales were 36.66B for trailing twelve months, which represents an 8.16% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is -0.51 and Total Capital is 0.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 90.81 points at the first support level, and at 89.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.11, and for the 2nd resistance point, it is at 92.56.
Starbucks Corp. [SBUX] reported earnings per share of $0.9 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.93/share, meaning a difference of -$0.03 and a surprise factor of -3.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.06 per share as compared to estimates of $0.97 per share, a difference of $0.09 representing a surprise of 9.30%.
Ratios To Look Out For
It is important to note that Starbucks Corp. [NASDAQ:SBUX] has a current ratio of 0.70. Also, the Quick Ratio is 0.52, while the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 2.83 and price to earnings (TTM) ratio is 24.51.
Transactions by insiders
Recent insider trading involved KELLY SARA, evp, chief partner officer, that happened on Feb 21 ’24 when 250.0 shares were sold. group president International, Conway Michael Aaron completed a deal on Feb 15 ’24 to sell 3250.0 shares. Meanwhile, evp, chief partner officer KELLY SARA sold 250.0 shares on Jan 22 ’24.
