Starbucks Corporation (NASDAQ:SBUX) does about 7.25M shares in volume on a normal day but saw 6319440 shares change hands in Monday trading. The company now has a market cap of 121.00B USD. Its current market price is $106.21, marking an increase of 1.11% compared to the previous close of $105.04. The 52 week high reached by this stock is $107.60 whilst the lowest price level in 52 weeks is $68.39. The script in recent trading has seen the stock touch a high of $106.89 and a low of $104.40.
Starbucks Corporation (SBUX) has a 20-day trading average at $103.33 and the current price is -1.29% off the 52-week high compared with 55.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $101.13 and its 200-day simple moving average is $86.77. If we look at the stock’s price movements over the week, volatility stands at 1.74%, which increases to 1.80% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.79 to suggest the stock is neutral.
34 analysts observing the Starbucks Corporation (SBUX) stock have set the 12-month price targets for the company’s shares at between $88.00 and $125.00. The consensus objective for the share price is $104.63, suggesting that the stock has a potential downside of -1.51% over the period. The median price target is -0.67% away from the current levels at $105.50.
FactSet Research has provided data showing that 34 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 3 advise that it is a overweight. 12 analysts have rated it as a buy and 19 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 21, 2022 when Jefferies downgraded the stock to “Hold” and issued a price target of $100. Deutsche Bank also downgraded the stock to “Hold” from Buy on December 05, 2022 at a price target of $100-$106. Stephens initiated its price target at $91.
The current price level is 3.16%, 5.30%, and 22.56% away from its SMA20, SMA50, and SMA200 respectively, with the SBUX price moving above the 50-day SMA on January 23. Starbucks Corporation (SBUX) stock is down -0.95% over the week and 8.38% over the past month. Its price is 7.07% year-to-date and 10.96% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.84 above consensus estimates by $0.09. SBUX’s earnings per share are forecast to shrink by -11.70% this year and 16.80% over next year. Expected sales for next quarter are $8.76 billion, which analysts say will come at $32.14 billion for the current fiscal year and next year at $35.82 billion. In addition, estimates put the company’s current quarterly revenue at an average of $8.31 billion.
To reach the target analysts have set, the stock logically needs to shrink -1.51 percent from here.
Outstanding shares total 1.15B with insiders holding 0.19% of the shares and institutional holders owning 70.66% of the company’s common stock. The company has a return on investment of 57.90% and return on equity of -37.90%. The price to earnings ratio (P/E ratio) amounts to 37.49 while the forward price to earnings ratio is 26.21. The beta has a value of 0.91. Price to sales ratio is 3.75.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Starbucks Corporation (SBUX) to 34,907,224 shares, mirroring a recent increase by 0.91%. Vanguard Total Stock Market Index added 0.31 million shares of Starbucks Corporation common stock bringing its total worth to about $3.46 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which added 0.24 million shares to end up with 26,533,935 shares worth $2.63 billion. Invesco QQQ Trust cut their holdings by -0.06% in the company over the course of the most recent quarter. It now holds a 1.33% position in Starbucks Corporation thanks to 15.28 million shares amounting to $1.52 billion.