Starbucks Corporation (SBUX): Find Out What Insiders Are Doing

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Starbucks Corporation (NASDAQ:SBUX) finished Thursday with a subtraction of -$3.9 to close at $84.70, a downside of -4.40 percent. An average of 8,718,840 shares of common stock have been traded in the last five days. There was a fall of -$7.52 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 9,356,445 shares traded, while the 50-day average volume stands at 7,229,872.

SBUX stock has increased by 0.01% in the last month. The company shares reached their 1-month lowest point of $81.67 on 09/06/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $68.39 and a high of $117.80 in 52 weeks. It has reached a new high 1 time so far this year and lost -27.59% or -$32.27 in price. In spite of this, the price is down -28.10% from the 52-week high.


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Insider Transactions

8 days have passed since Starbucks Corporation (SBUX) last reported insider trading activity. Jenkins Zabrina, who is acting evp, general counsel, most recently acquired $4,020 shares at $93.00 per share on Sep 15. In this transaction, the insider spent $373,860. evp, chief partner officer, Lis Angela, disposed of 6,000 shares at a price of $116.88 on Dec 10. The insider now owns more than $701,280 worth of shares. Prior to that, president and ceo JOHNSON KEVIN R went on to Sale 250,000 shares at $116.09 each on Dec 08. An amount of $29,021,498 was transacted.

Valuation Metrics

Starbucks Corporation (SBUX) has a trailing price-to-earnings (P/E) ratio of 23.82. The stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.07, and the price-to-cash flow ratio at 121.67.

The company has a payout ratio of 53.70%. The company’s most recent quarterly dividend payment was $0.49 a share, without any change from last year. Its latest increase dividend $0.04 reported on Wednesday September 29 2021.

Financial Health

The quick ratio of Starbucks Corporation for the three months ended June 29 was 0.60, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Starbucks Corporation’s EBITDA margin for the year ending June 29 is 25.59%, while its operating margin for the same period stands at 18.00%. Its gross profit as reported stood at $20.32 billion compared to revenue of $29.06 billion.

Earnings Surprise

For the three-month period that ended June 29, Starbucks Corporation had $76.9 million in cash and short-term investments compared to $13.93 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $912.9 million in the quarter, while revenues of $674.5 million were shrunk -26.34%. The analyst consensus anticipated Starbucks Corporation’s latest quarter earnings to come in at $0.75 per share, but it turned out to be $0.84, a 12.00% surprise. For the quarter, EBITDA amounted to $1.69 billion. Shareholders own equity worth $1.15 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Starbucks Corporation (SBUX) price momentum. RSI 9-day as of the close on 22 September was 36.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.51%.

As of today, SBUX’s price is $89.51 -8.15% or -$7.52 from its 5-day moving average. SBUX is currently trading -1.57% lower than its 20-day SMA and +13.48% higher than its 100-day SMA. However, the stock’s current price level is +8.70% above the SMA50 and -25.28% below the SMA200.

The stochastic %K and %D were 53.85% and 70.40%, respectively, and the average true range (ATR) was 2.61. With the 14-day stochastic at 25.66% and the average true range at 2.46, the RSI (14) stands at 43.07%. The stock has reached -1.90 on the 9-day MACD Oscillator while the 14-day reading was at -0.78.

Analyst Ratings

Bernstein launched coverage on Starbucks Corporation (NASDAQ: SBUX) in its analyst report released on September 08, 2022. The firm assigned the stock a Mkt perform rating. The consensus rating for Starbucks Corporation (SBUX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SBUX, while 18 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 13 others rate it as a “buy”.

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

Analysts predict a range of price targets between $87.00 and $110.00, with a median target of $97.00. Taking a look at these predictions, the average price target given by analysts for Starbucks Corporation (SBUX) stock is $97.21.

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