As of Wednesday close, Starbucks Corporation’s (NASDAQ:SBUX) stock was down -$0.13, moving down -0.14 percent to $95.16. The average number of shares traded per day over the past five days has been 6,133,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.77 fall in that time frame. In the last twenty days, the average volume was 5,858,310, while in the previous 50 days, it was 5,860,020.
Since last month, SBUX stock retreated -1.35%. Shares of the company fell to $93.71 on 08/24/23, the lowest level in the past month. A 52-week high of $115.48 was reached on 05/01/23 after having rallying from a 52-week low of $82.43. Since the beginning of this year, SBUX’s stock price has dropped by -4.07% or -$4.04, and marked a new high 15 times. However, the stock has declined by -17.60% since its 52-week high.
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SBUX stock investors should be aware that Starbucks Corporation (SBUX) stock had its last reported insider trading activity 92 days ago on Jun 21. Ruggeri Rachel, the evp, cfo of the company, disposed of 679 shares for $100.60 on Jun 21. It resulted in a $68,307 divestment by the insider. Ruggeri Rachel sold 736 shares at an average price of $105.50 on Feb 21. The insider now owns 56,028 shares following the transaction. On Feb 13, acting evp, general counsel Jenkins Zabrina sold 2,962 shares at $108.48 apiece. The transaction was valued at $321,317.
Valuation Metrics
The latest dividend of $0.57 per share was paid out, which is 7.55% more than last year’s $0.53.
Financial Health
In the three months ended June 29, Starbucks Corporation’s quick ratio stood at 0.60, while its current ratio was 0.80, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 26.50% percent. In the year ended June 29, EBITDA margin amounted to 22.66%, whereas operating margins totaled 15.30%. Based on annual data, SBUX earned $21.93 billion in gross profit and brought in $32.25 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 57.90%. Return on equity (ROE) for the past 12 months was -44.20%.
In Starbucks Corporation’s quarter-end financial report for June 29, it reported total debt of $13.54 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SBUX’s revenue rose 11.11% to $8.72 billion during the quarter, while net income inched up to $9.17 billion. While analysts expected Starbucks Corporation to report $0.95 quarterly earnings, the actual figure was $1 per share, beating the consensus estimate by 5.30%. During the quarter, the company generated $1.95 billion in EBITDA. The liabilities of Starbucks Corporation were 37.07 billion at the end of its most recent quarter ended June 29, and its total debt was $24.42 billion. The value of shareholders’ equity is $1.15 billion.
Technical Picture
This quick technical analysis looks at Starbucks Corporation’s (SBUX) price momentum. With a historical volatility rate of 11.48%, the RSI 9-day stood at 38.36% on 20 September.
With respect to its five-day moving average, the current Starbucks Corporation price is down by -1.83% percent or -$1.77. At present, SBUX shares trade -0.95% below its 20-day simple moving average and -15.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.93% below its SMA50 and -7.94% below its SMA200.
Stochastic coefficient K was 25.58% and Stochastic coefficient D was 31.87%, while ATR was 1.51. Given the Stochastic reading of 17.59% for the 14-day period, the RSI (14) reading has been calculated as 40.34%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.55.
Analyst Ratings
Starbucks Corporation downgraded its rating on Starbucks Corporation (NASDAQ: SBUX) to a Market perform in a note to investors on September 19, 2023. The analysts firm previously had an Outperform rating on the stock.Starbucks Corporation (SBUX) has been rated Overweight by analysts. According to 0 brokerage firms, SBUX is a sell, and 19 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Starbucks Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $110.00, the current consensus forecast for the stock is $101.00 – $150.00. Based on these forecasts, analysts predict Starbucks Corporation (SBUX) will achieve an average price target of $113.30.
