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 1.87% and 29.65% over the past three months. SBUX shares are trading 0.84% year to date (YTD), with the 12-month market performance up to 2.79% higher. 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 13.05 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 0.74%, 1.56%, and 10.93% respectively.
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Institutional ownership of Starbucks Corp. (NASDAQ: SBUX) shares accounts for 75.68% of the company’s 1.14B shares outstanding.
It has a market capitalization of $109.72B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 27.14, while the earnings-per-share (ttm) stands at $3.57. The company has a PEG of 2.91 and a Quick Ratio of 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.58% over the week and 1.55% over the month.
Analysts forecast that Starbucks Corp. (SBUX) will achieve an EPS of 1.03 for the current quarter, 0.95 for the next quarter and 3.89 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.94 while analysts give the company a high EPS estimate of 0.94. Comparatively, EPS for the current quarter was 1.06 a year ago. Earnings per share for the fiscal year are expected to increase by 14.65%, and 12.47% over the next financial year. EPS should grow at an annualized rate of 9.34% 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. Morgan Stanley stated their Overweight rating for the stock in a research note on October 17, 2024, with the firm’s price target at $98-$115. BTIG Research coverage for the Starbucks Corp. (SBUX) stock in a research note released on October 17, 2024 offered a Buy rating with a price target of $115. Bernstein was of a view on September 26, 2024 that the stock is Outperform, while Jefferies gave the stock Underperform rating on September 24, 2024, issuing a price target of $80- $76. BofA Securities on their part issued Buy rating on September 18, 2024.
