How Do Starbucks Corp. (NASDAQ:SBUX)’s Fundamentals Affect Performance

The price of Starbucks Corp. (NASDAQ:SBUX) shares last traded on Wall Street fell -0.34% to $103.68.

Based on available information, 33 analysts follow Starbucks Corp. (NASDAQ:SBUX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $128.00 and a low of $100.00, we find $110.00. Given the previous closing price of $104.03, this indicates a potential upside of 5.74 percent. SBUX stock price is now 9.66% away from the 50-day moving average and 2.94% away from the 200-day moving average. The market capitalization of the company currently stands at $118.76B.

Among analysts, 20 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $112.96 as their price target over the next twelve months.

With the price target of $118, Deutsche Bank recently initiated with Buy rating for Starbucks Corp. (NASDAQ: SBUX).

In other news, Ruggeri Rachel, evp, cfo sold 679 shares of the company’s stock on Jun 21. The stock was sold for $68,307 at an average price of $100.60. Upon completion of the transaction, the evp, cfo now directly owns 54,761 shares in the company, valued at $5.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, evp, cfo Ruggeri Rachel sold 736 shares of the business’s stock. A total of $77,648 was realized by selling the stock at an average price of $105.50. This leaves the insider owning 56,028 shares of the company worth $5.81 million. Insiders disposed of 49,377 shares of company stock worth roughly $5.12 million over the past 1 year. A total of 2.61% of the company’s stock is owned by insiders.

A candlestick chart of Starbucks Corp. (NASDAQ: SBUX) showed a price of $104.23 on Tuesday morning. During the past 12 months, Starbucks Corp. has had a low of $89.21 and a high of $115.48. According to the stock market information, the enterprise value for the company is $139.56B, which is based on a 28.94 price-to-earnings ratio, a 1.65 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for SBUX is $94.55 and a two-hundred day moving average price translates $100.71 for the stock.

The latest earnings results from Starbucks Corp. (NASDAQ: SBUX) was released for Sep, 2023. According to the Restaurants Company, earnings per share came in at $1, beating analysts’ expectations of $0.95 by 0.05. This compares to $0.79 EPS in the same period last year. The company reported revenue of $9.17 billion for the quarter, compared to $8.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.49 percent. For the current quarter, analysts expect SBUX to generate $8.76B in revenue.

Starbucks Corp.(SBUX) Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brands. Starbucks Corporation has company-operated and licensed stores in North America and internationally. The company was founded in 1971 and is based in Seattle, Washington.

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