Starbucks Corporation (SBUX) Price Targets: What Are They?

The stock of Starbucks Corporation (NASDAQ:SBUX) increased by increased by $0.11 on Friday to finish at $114.55, up 0.10 percent. The last five days have seen an average of 5,096,640 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $7.57. The average number of shares traded over the last 20 days was 5,128,195, while the average volume over the last 50 days totaled 5,154,050.

SBUX stock appreciated 0.36% since last month. On 10/13/21, the company’s shares reached a one-month low of $109.41. The stock touched a high of $126.32 on 07/23/21, after rallying from a low of $85.45 in 52 weeks. The price of SBUX stock has risen by 7.08% or $7.57 this year, reaching a new high 15 times. Still, the stock price is down -9.32% from the 52-week high.


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Insider Transactions

There have been 80 days since Starbucks Corporation (SBUX) last reported insider trading activity on Aug 06. On Aug 06, group pres, N America & coo CULVER JOHN sold 148,619 shares at $119.00 each. This transaction resulted in the insider making $17,685,958. On Aug 02, CULVER JOHN sold 3,600 shares at a price of US$122.33. After the transaction, the insider now owns 341,366 shares. president and ceo JOHNSON KEVIN R had earlier sold 359,177 shares on Jul 29 for $122.81 a share. The transaction was completed for $44,110,671.

Valuation Metrics

Starbucks Corporation (SBUX) has a trailing price-to-earnings (P/E) ratio of 47.97. This level actually compares unfavorably with the industry at large, as the PE for the Restaurants industry stands at about 32.79. Further, its PE also compares unfavorably with the Consumer Cyclical sector’s trailing 12 months PE ratio, which comes in at 32.04 right now. The PE ratio of Starbucks Corporation has varied between 198.82 and 15.24 in the last five years. Beta for the stock is 0.87. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.98, and the price-to-cash flow ratio of 52.70.

Starbucks Corporation’s dividend is $1.80 per share per year. With a dividend yield of 1.57%, SBUX has a payout ratio of 73.20%. Company paid $0.49 per share in dividends, an increase of 8.89% from $0.45 last year. A $0.04 dividend increase was reported on Wednesday September 29 2021, making it the 11 consecutive year the dividend has increased. Over the last three years, dividends have increased by 60.00%.

For the three months ended June 29, Starbucks Corporation’s quick ratio was 0.80, while its current ratio was 1.00, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 27.80% percent. Starbucks Corporation’s EBITDA margin for the year ended June 29 was 17.94%, whereas its operating margin stood at 14.60% for the same period. Based on annual data, it had gross profit of $15.82 billion and revenue of $23.52 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SBUX’s return on assets (ROA) during the last 12 months has been 9.70%. There was a 15.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -37.50%.

Earnings Surprise

According to Starbucks Corporation’s quarterly financial report for the quarter that ended June 29, it had $13.62 billion in total debt versus $153.6 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.5 billion, while revenues rose by 43.68% to $6.67 billion. It was predicted that Starbucks Corporation’s quarterly earnings would be $1.01, but it ended up being $0.78, beating the consensus by 29.50%. EBITDA was $1.86 billion for the quarter. At the end of Starbucks Corporation’s most recent quarter ended June 29, its liabilities totaled 36.27 billion, while its total debt was $23.53 billion. Equity owned by shareholders amounts to $1.18 billion.

Technical Picture

Here’s a quick look at Starbucks Corporation’s (SBUX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 64.79%, suggesting the stock is Neutral, with a 9.23% historical volatility rate.

The stochastic %K and %D were 85.46% and 83.88% respectively, while the average true range (ATR) was 1.79. Based on the 14-day stochastic reading of 90.13%, the RSI (14) reading is 56.71%. On the 9-day MACD Oscillator, the stock is at 1.53, and the 14-day reading is at 2.02.

Analyst Ratings

In its most recent analyst report, Deutsche Bank raised its rating on Starbucks Corporation (NASDAQ: SBUX) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Starbucks Corporation (SBUX) an Overweight rating. SBUX is a stock that is recommended for selling by 0 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 20 others recommend it as a buy.

What is SBUX’s price target for the next 12 months?

The current consensus forecast for the stock is between $105.00 and $148.00, with a median target price of $130.70. In analyzing these forecasts, the average price target given by analysts for Starbucks Corporation (SBUX) is $130.88.

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