Currently, there are 1.14B common shares owned by the public and among those 1.11B shares have been available to trade.
The company’s stock has a 5-day price change of -0.41% and -12.82% over the past three months. SBUX shares are trading -16.77% year to date (YTD), with the 12-month market performance down to -21.56% lower. It has a 12-month low price of $71.80 and touched a high of $107.66 over the same period. SBUX has an average intraday trading volume of 11.54 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 -0.25%, -1.03%, and -12.47% respectively.
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Institutional ownership of Starbucks Corp. (NASDAQ: SBUX) shares accounts for 73.64% of the company’s 1.14B shares outstanding.
It has a market capitalization of $90.51B and a beta (3y monthly) value of 0.94. The stock’s trailing 12-month PE ratio is 22.00, while the earnings-per-share (ttm) stands at $3.63. The company has a PEG of 2.70 and a Quick Ratio of 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.04% over the week and 2.22% over the month.
Earnings per share for the fiscal year are expected to increase by 1.61%, and 13.12% over the next financial year. EPS should grow at an annualized rate of 8.14% 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. Goldman stated their Buy rating for the stock in a research note on June 13, 2024, with the firm’s price target at $100. DZ Bank coverage for the Starbucks Corp. (SBUX) stock in a research note released on May 03, 2024 offered a Hold rating with a price target of $75. William Blair was of a view on May 01, 2024 that the stock is Mkt Perform, while Deutsche Bank gave the stock Hold rating on May 01, 2024, issuing a price target of $108- $89. Morgan Stanley on their part issued Overweight rating on April 12, 2024.
