Stocks of Starbucks Corp. (NASDAQ:SBUX) traded higher last session on Wall Street, down -0.88% to $86.85.
SBUX stock price is now -6.31% away from the 50-day moving average and -9.73% away from the 200-day moving average. The market capitalization of the company currently stands at $98.33B.
With the price target reduced from $106 to $100, Robert W. Baird maintained Neutral rating for Starbucks Corp. (NASDAQ: SBUX). On January 31, 2024, BTIG Research reiterated its ‘Buy’ rating on the stock by increasing its target price from $125 to quote $115, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, KELLY SARA, evp, chief partner officer sold 250 shares of the company’s stock on Mar 21 ’24. The stock was sold for $23,158 at an average price of $92.63. Upon completion of the transaction, the evp, chief partner officer now directly owns 46,924 shares in the company, valued at $4.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, evp, chief partner officer KELLY SARA sold 250 shares of the business’s stock. A total of $23,465 was realized by selling the stock at an average price of $93.86. This leaves the insider owning 46,963 shares of the company worth $4.08 million. 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 $87.61 and a high of $115.48. According to the stock market information, the enterprise value for the company is $119.41B, which is based on a 23.23 price-to-earnings ratio, a 1.47 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for SBUX is $92.60 and a two-hundred day moving average price translates $96.14 for the stock.
The latest earnings results from Starbucks Corp. (NASDAQ: SBUX) was released for Dec, 2023. According to the Restaurants Company, earnings per share came in at $0.9, missing analysts’ expectations of $0.93 by -0.03. This compares to $0.74 EPS in the same period last year. The company reported revenue of $9.43 billion for the quarter, compared to $8.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.16 percent. For the current quarter, analysts expect SBUX to generate $9.21B 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.
