Stocks of Starbucks Corp. (NASDAQ:SBUX) traded higher last session on Wall Street, up 0.18% to $96.61.
According to the data, Starbucks Corp. (NASDAQ:SBUX) has 31 analysts covering its stock. 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 $110.50. Given the previous closing price of $96.44, this indicates a potential upside of 14.58 percent. SBUX stock price is now -0.74% away from the 50-day moving average and -3.53% away from the 200-day moving average. The market capitalization of the company currently stands at $109.82B.
A total of 18 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $114.42 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, KELLY SARA, evp, chief partner officer sold 250 shares of the company’s stock on Nov 21. The stock was sold for $26,112 at an average price of $104.45. Upon completion of the transaction, the evp, chief partner officer now directly owns 47,532 shares in the company, valued at $4.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, evp, cfo Ruggeri Rachel sold 842 shares of the business’s stock. A total of $89,420 was realized by selling the stock at an average price of $106.20. This leaves the insider owning 74,185 shares of the company worth $7.17 million. Insiders disposed of 43,790 shares of company stock worth roughly $4.23 million over the past 1 year. A total of 2.62% of the company’s stock is owned by insiders.
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 $130.46B, which is based on a 26.96 price-to-earnings ratio, a 1.58 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for SBUX is $97.44 and a two-hundred day moving average price translates $100.11 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 $9.71B in revenue.
Starbucks Corp.(SBUX) Company Profile
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of 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 Coffee, Teavana, Seattle’s Best Coffee, Ethos, Starbucks Reserve, and Princi brands. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
