Growing Through Challenges? – Starbucks Corp. (SBUX)

Currently, there are 1.14B common shares owned by the public and among those 1.10B shares have been available to trade.

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 40,672 shares.

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However, the script later moved the day high at 93.49, up 0.21%. The company’s stock has a 5-day price change of -1.13% and -1.28% over the past three months. SBUX shares are trading -3.34% year to date (YTD), with the 12-month market performance down to -13.25% 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 8.33 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 -0.63%, -4.51%, and -6.30% respectively.

Institutional ownership of Starbucks Corp. (NASDAQ: SBUX) shares accounts for 72.25% of the company’s 1.14B shares outstanding.

It has a market capitalization of $105.07B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 25.90, while the earnings-per-share (ttm) stands at $3.58. The company has a PEG of 1.56 and a Quick Ratio of 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.27% over the week and 1.35% over the month.

Analysts forecast that Starbucks Corp. (SBUX) will achieve an EPS of $0.86 for the current quarter, $0.81 for the next quarter and $4.41 for 2025. The lowest estimate earnings-per-share for the quarter is $0.79 while analysts give the company a high EPS estimate of $0.94. Comparatively, EPS for the current quarter was $0.75 a year ago. Earnings per share for the fiscal year are expected to increase by 15.77%, and 16.63% over the next financial year. EPS should grow at an annualized rate of 16.63% over the next five years, compared to 2.03% over the past 5-year period.

Looking at the support for the SBUX, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on January 18, 2024, with the firm’s price target at $103-$102.

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