The price of Starbucks Corp. (NASDAQ: SBUX) closed at $93.16 in the last session, down -1.83% from day before closing price of $94.90. In other words, the price has decreased by -$1.74 from its previous closing price. On the day, 7987318 shares were traded.
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Ratios:
We take a closer look at SBUX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.04. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 0.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on January 31, 2024, Reiterated its Buy rating but revised its target price to $115 from $125 previously.
On January 18, 2024, Citigroup reiterated its Neutral rating and also upped its target price recommendation from $103 to $102.
Morgan Stanley Upgraded its Equal-Weight to Overweight on January 16, 2024, whereas the target price for the stock was revised from $112 to $120.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 21 when KELLY SARA sold 250 shares for $93.86 per share. The transaction valued at 23,465 led to the insider holds 46,963 shares of the business.
Conway Michael Aaron sold 3,250 shares of SBUX for $305,598 on Feb 15. The group president International now owns 84,153 shares after completing the transaction at $94.03 per share. On Jan 22, another insider, KELLY SARA, who serves as the evp, chief partner officer of the company, sold 250 shares for $93.78 each. As a result, the insider received 23,445 and left with 47,213 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SBUX now has a Market Capitalization of 105.47B and an Enterprise Value of 126.55B. As of this moment, Starbucks’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.91, and their Forward P/E ratio for the next fiscal year is 19.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88. Its current Enterprise Value per Revenue stands at 3.45 whereas that against EBITDA is 16.44.
Stock Price History:
Over the past 52 weeks, SBUX has reached a high of $115.48, while it has fallen to a 52-week low of $89.21. The 50-Day Moving Average of the stock is 94.06, while the 200-Day Moving Average is calculated to be 97.29.
Shares Statistics:
According to the various share statistics, SBUX traded on average about 8.85M shares per day over the past 3-months and 7.51M shares per day over the past 10 days. A total of 1.14B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 2.61% of the company’s shares, while institutions hold 72.78% stake in the company. Shares short for SBUX as of Feb 15, 2024 were 14.38M with a Short Ratio of 1.62, compared to 17.28M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.27% and a Short% of Float of 1.27%.
Dividends & Splits
The forward annual dividend rate for SBUX is 2.20, which was 2.20 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.32%, it implies a Forward Annual Dividend Yield of 2.45%. The stock’s 5-year Average Dividend Yield is 1.93. The current Payout Ratio is 59.18% for SBUX, which recently paid a dividend on Feb 23, 2024 with an ex-dividend date of Feb 08, 2024. Stock splits for the company last occurred on Apr 09, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 27 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.82 for the current quarter, with a high estimate of $0.9 and a low estimate of $0.78, while EPS last year was $0.74. The consensus estimate for the next quarter is $1.13, with high estimates of $1.16 and low estimates of $1.07.
Analysts are recommending an EPS of between $4.15 and $3.9 for the fiscal current year, implying an average EPS of $4.06. EPS for the following year is $4.73, with 33 analysts recommending between $5.15 and $4.5.
Revenue Estimates
A total of 29 analysts have provided revenue estimates for SBUX’s current fiscal year. The highest revenue estimate was $39.19B, while the lowest revenue estimate was $38.12B, resulting in an average revenue estimate of $38.82B. In the same quarter a year ago, actual revenue was $35.98B, up 7.90% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $42.59B in the next fiscal year. The high estimate is $43.58B and the low estimate is $41.76B. The average revenue growth estimate for next year is up 9.70% from the average revenue estimate for this year.
