Starbucks Corporation (NASDAQ:SBUX) saw a downside of -0.79% to close Monday at $96.46 after subtracting -$0.77 on the day. The 5-day average trading volume is 4,010,640 shares of the company’s common stock. It has gained $100.65 in the past week and touched a new high 1 time within the past 5 days. An average of 5,469,710 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,424,734.
SBUX’s 1-month performance is -6.19% or -$6.36 on its low of $95.79 reached on 08/18/23. The company’s shares have touched a 52-week low of $81.67 and high of $115.48, with the stock’s rally to the 52-week high happening on 05/01/23. YTD, SBUX has lost -2.76% or -$2.74 and has reached a new high 15 times. However, the current price is down -16.47% from the 52-week high price.
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Insider Transactions
SBUX stock investors last saw insider trading activity on Jun 21.Ruggeri Rachel (evp, cfo) most recently sold 679 shares at $100.60 per share on Jun 21. This transaction cost the insider $68,307. evp, cfo, Ruggeri Rachel, sold 736 shares at a price of $105.50 on Feb 21. Then, on Feb 13, acting evp, general counsel Jenkins Zabrina sold 2,962 shares at a price of $108.48 per share. This transaction amounted to $321,317.
Valuation Metrics
SBUX stock has a beta of 0.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.13 while the price to cash flow ratio at 36.78.
Starbucks Corporation’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.80. In terms of profitability, the gross margin trailing 12 months is 26.50%. The trailing 12-month EBITDA margin is 22.66% while for the period ending June 29, Starbucks Corporation’s operating margin was 15.30%. The firm’s gross profit as reported stood at $21.93 billion against revenue of $32.25 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 20.04% to $1.14 billion, while revenue of $908.3 million was 20.44% off the previous quarter. Analysts expected SBUX to announce $0.88 per share in earnings in its latest quarter, but it posted $0.92, representing a 4.50% surprise. EBITDA for the quarter stood at more than $1.95 billion. SBUX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 37.07 billion, with total debt at $24.42 billion. Shareholders hold equity totaling $1.15 billion.
Let’s look briefly at Starbucks Corporation (SBUX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 29.46% to suggest the stock is trending oversold, with historical volatility in this time period at 17.27%.
The stock’s 5-day moving average is $97.86, reflecting a -4.50% or -$4.55 change from its current price. SBUX is currently trading -6.15% above its 20-day SMA, -2.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.71% and SMA200 by+10.75%.
Stochastic %K and %D was 8.69% and 7.10% and the average true range (ATR) pointed at 1.74. The RSI (14) points at 35.02%, while the 14-day stochastic is at 7.73% with the period’s ATR at 1.74. The stock’s 9-day MACD Oscillator is pointing at -2.45 and -3.28 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Starbucks Corporation (NASDAQ: SBUX), Wells Fargo reiterated its an Overweight rating for the company but lifted their price target by $125 to $120. Analysts offering their rating for SBUX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SBUX as a “sell,”, while 18 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is SBUX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $101.00 and a high of $150.00, with their median price target at $111.00. Looking at these predictions, the average price target given by analysts is for Starbucks Corporation (SBUX) stock is $114.31.
