In yesterday’s Wall Street session, Starbucks Corp. (NASDAQ:SBUX) shares traded at $105.57, down -1.53% from the previous session.
As of this writing, 32 analysts cover 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 $107.21, this indicates a potential upside of 2.6 percent. SBUX stock price is now 10.30% away from the 50-day moving average and 4.97% away from the 200-day moving average. The market capitalization of the company currently stands at $120.92B.
There are 19 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $114.07 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 504 shares of the company’s stock on Nov 15. The stock was sold for $53,253 at an average price of $105.66. Upon completion of the transaction, the evp, cfo now directly owns 75,027 shares in the company, valued at $7.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, group president International Conway Michael Aaron sold 6,500 shares of the business’s stock. A total of $681,005 was realized by selling the stock at an average price of $104.77. This leaves the insider owning 72,822 shares of the company worth $7.69 million. Insiders disposed of 38,727 shares of company stock worth roughly $4.09 million over the past 1 year. A total of 2.62% of the company’s stock is owned by insiders.
Friday morning saw Starbucks Corp. (NASDAQ: SBUX) opened at $107.18. 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 $140.65B, which is based on a 29.46 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for SBUX is $95.92 and a two-hundred day moving average price translates $100.56 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 $1.06, beating analysts’ expectations of $0.97 by 0.09. This compares to $0.76 EPS in the same period last year. The company reported revenue of $9.37 billion for the quarter, compared to $8.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.4 percent. For the current quarter, analysts expect SBUX to generate $9.72B in revenue.