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 -0.83% and 20.07% over the past three months. SBUX shares are trading -2.07% year to date (YTD), with the 12-month market performance down to -1.22% lower. It has a 12-month low price of $71.55 and touched a high of $107.66 over the same period. SBUX has an average intraday trading volume of 14.87 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 13.51%, 18.59%, and 6.78% respectively.
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Institutional ownership of Starbucks Corp. (NASDAQ: SBUX) shares accounts for 75.76% of the company’s 1.14B shares outstanding.
It has a market capitalization of $106.54B and a beta (3y monthly) value of 0.94. The stock’s trailing 12-month PE ratio is 26.35, while the earnings-per-share (ttm) stands at $3.57. The company has a PEG of 3.44 and a Quick Ratio of 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.79% over the week and 2.75% over the month.
Earnings per share for the fiscal year are expected to increase by 0.61%, and 11.48% over the next financial year. EPS should grow at an annualized rate of 7.65% 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. DZ Bank stated their Sell rating for the stock in a research note on August 21, 2024, with the firm’s price target at $85. Stifel coverage for the Starbucks Corp. (SBUX) stock in a research note released on August 14, 2024 offered a Buy rating with a price target of $110. Evercore ISI was of a view on August 14, 2024 that the stock is Outperform, while Deutsche Bank gave the stock Buy rating on August 14, 2024, issuing a price target of $85- $118. TD Cowen on their part issued Buy rating on August 13, 2024.
