Starbucks Corp. (NASDAQ:SBUX) finished Thursday with a subtraction of -$0.09 to close at $91.08, a downside of -0.10 percent. An average of 5,098,500 shares of common stock have been traded in the last five days. There was a fall of -$2.02 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 5,552,845 shares traded, while the 50-day average volume stands at 5,847,748.
SBUX stock has decreased by -8.14% in the last month. The company shares reached their 1-month lowest point of $90.21 on 09/28/23. With the stock rallying to its 52-week high on 05/01/23, shares of the company touched a low of $82.43 and a high of $115.48 in 52 weeks. It has reached a new high 15 times so far this year and lost -8.19% or -$8.12 in price. In spite of this, the price is down -21.13% from the 52-week high.
Insider Transactions
SBUX stock investors should be aware that Starbucks Corp. (SBUX) stock had its last reported insider trading activity 100 days ago on Jun 21. In this transaction, the insider spent $68,307. evp, cfo, Ruggeri Rachel, disposed of 736 shares at a price of $105.50 on Feb 21. The insider now owns more than $77,648 worth of shares. Prior to that, acting evp, general counsel Jenkins Zabrina went on to Sale 2,962 shares at $108.48 each on Feb 13. An amount of $321,317 was transacted.
Valuation Metrics
Starbucks Corp. (SBUX) has a trailing price-to-earnings (P/E) ratio of 27.73. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.98, and the price-to-cash flow ratio at 23.37.
The company has a payout ratio of 69.19%. The company’s most recent quarterly dividend payment was $0.57 a share, representing a up of 7.55% from $0.53 last year.
Financial Health
The quick ratio of Starbucks Corp. for the three months ended June 29 was 0.56, and the current ratio was 0.78, indicating that the company is not able to meet its debt obligations. Starbucks Corp.’s EBITDA margin for the year ending June 29 is 22.66%, while its operating margin for the same period stands at 13.73%. Its gross profit as reported stood at $21.93 billion compared to revenue of $32.25 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Starbucks Corp.’s return on assets was 13.30%.
Earnings Surprise
For the three-month period that ended June 29, Starbucks Corp. had $13.54 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 $1.14 billion in the quarter, while revenues were grew 20.04%. The analyst consensus anticipated Starbucks Corp.’s latest quarter earnings to come in at $0.95 per share, but it turned out to be $1, a 5.30% surprise. For the quarter, EBITDA amounted to $1.95 billion. Shareholders own equity worth $1.15 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Starbucks Corp. (SBUX) price momentum. RSI 9-day as of the close on 28 September was 23.54%, suggesting the stock is oversold, with historical volatility in this time frame at 13.04%.
As of today, SBUX’s price is $92.13 -2.17% or -$2.02 from its 5-day moving average. SBUX is currently trading -8.22% lower than its 20-day SMA and -15.05% lower than its 100-day SMA. However, the stock’s current price level is -10.56% below the SMA50 and -10.52% below the SMA200.
The stochastic %K and %D were 11.53% and 11.27%, respectively, and the average true range (ATR) was 1.58. With the 14-day stochastic at 11.49% and the average true range at 1.58, the RSI (14) stands at 29.25%. The stock has reached -2.03 on the 9-day MACD Oscillator while the 14-day reading was at -3.10.
Analyst Ratings
TD Cowen downgraded Starbucks Corp. (NASDAQ: SBUX) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Starbucks Corp. (SBUX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SBUX, while 19 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 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 $101.00 and $150.00, with a median target of $110.00. Taking a look at these predictions, the average price target given by analysts for Starbucks Corp. (SBUX) stock is $113.00.
