With over 7.53 million Starbucks Corp. (SBUX) shares trading Monday and a closing price of $94.19 on the day, the dollar volume was approximately $709.6 million. The shares have shown a negative half year performance of -4.98% and its price on 01/08/24 gained nearly 1.29%. Currently, there are 1.14B common shares owned by the public and among those 1.11B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 33 analysts who have offered their price forecasts for SBUX have a consensus price objective of $113.68. The analysts have set the share’s price value over the next 12 months at a high of $128.00 and a low of $100.00. The average price target is 17.14% above its recent price level and an upside to the estimated low will see the stock gain 5.81% over that period. But an upside of 26.41% will see the stock hit the forecast high price target while median target price for the stock is $110.50.
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Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 213,978 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 43,790 shares.
Shares of Starbucks Corp. (NASDAQ: SBUX) opened at $93.02, up $0.03 from a prior closing price of $92.99. However, the script later moved the day high at 94.57, up 1.29%. The company’s stock has a 5-day price change of -1.90% and 1.44% over the past three months. SBUX shares are trading -1.90% year to date (YTD), with the 12-month market performance down to -9.81% lower. It has a 12-month low price of $89.21 and touched a high of $115.48 over the same period. SBUX has an average intraday trading volume of 7.68 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.78%, -4.45%, and -5.45% respectively.
Institutional ownership of Starbucks Corp. (NASDAQ: SBUX) shares accounts for 71.66% of the company’s 1.14B shares outstanding.
It has a market capitalization of $107.07B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 26.29, while the earnings-per-share (ttm) stands at $3.58. The company has a PEG of 1.54 and a Quick Ratio of 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.68% over the week and 1.46% over the month.
Analysts forecast that Starbucks Corp. (SBUX) will achieve an EPS of $0.95 for the current quarter, $0.89 for the next quarter and $4.82 for 2025. The lowest estimate earnings-per-share for the quarter is $0.88 while analysts give the company a high EPS estimate of $1.09. Comparatively, EPS for the current quarter was $0.75 a year ago. Earnings per share for the fiscal year are expected to increase by 16.59%, and 16.61% over the next financial year. EPS should grow at an annualized rate of 17.11% over the next five years, compared to 2.03% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 33 brokerage firm advisors rate Starbucks Corp. (SBUX) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 21 of the 33 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SBUX, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on December 20, 2023, with the firm’s price target at $107.
