As of close of business last night, Starbucks Corp.’s stock clocked out at $87.62, down -1.22% from its previous closing price of $88.70. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 8042459 shares were traded.
Ratios:
To gain a deeper understanding of SBUX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.61. 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, Robert W. Baird on March 18, 2024, Reiterated its Neutral rating but revised its target price to $100 from $106 previously.
On January 31, 2024, BTIG Research reiterated its Buy rating and also upped its target price recommendation from $125 to $115.
Citigroup reiterated its Neutral rating for the stock on January 18, 2024, while the target price for the stock was revised from $103 to $102.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 21 ’24 when KELLY SARA sold 250 shares for $92.63 per share. The transaction valued at 23,158 led to the insider holds 46,924 shares of the business.
KELLY SARA sold 250 shares of SBUX for $23,465 on Feb 21 ’24. The evp, chief partner officer now owns 46,963 shares after completing the transaction at $93.86 per share. On Feb 15 ’24, another insider, Conway Michael Aaron, who serves as the group president International of the company, sold 3,250 shares for $94.03 each. As a result, the insider received 305,598 and left with 84,153 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 99.23B and an Enterprise Value of 120.31B. As of this moment, Starbucks’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.43, and their Forward P/E ratio for the next fiscal year is 18.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.71. Its current Enterprise Value per Revenue stands at 3.28 whereas that against EBITDA is 15.63.
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 $88.65. The 50-Day Moving Average of the stock is 92.79, while the 200-Day Moving Average is calculated to be 96.28.
Shares Statistics:
It appears that SBUX traded 8.51M shares on average per day over the past three months and 6.39M shares per day over the past ten days. A total of 1.14B shares are outstanding, with a floating share count of 1.10B. Insiders hold about 2.62% of the company’s shares, while institutions hold 72.81% stake in the company. Shares short for SBUX as of Mar 15, 2024 were 15.43M with a Short Ratio of 1.81, compared to 14.38M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.36% and a Short% of Float of 1.36%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.20, SBUX has a forward annual dividend rate of 2.20. Against a Trailing Annual Dividend Yield of 2.48%, it implies a Forward Annual Dividend Yield of 2.55%. The stock’s 5-year Average Dividend Yield is 1.94. The current Payout Ratio is 59.18% for SBUX, which recently paid a dividend on May 31, 2024 with an ex-dividend date of May 16, 2024. Stock splits for the company last occurred on Apr 09, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 26 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.81 for the current quarter, with a high estimate of $0.9 and a low estimate of $0.77, 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 $1.05.
Analysts are recommending an EPS of between $4.16 and $3.88 for the fiscal current year, implying an average EPS of $4.05. EPS for the following year is $4.71, with 33 analysts recommending between $5.15 and $4.4.
Revenue Estimates
A total of 29 analysts have provided revenue estimates for SBUX’s current fiscal year. The highest revenue estimate was $36.75B, while the lowest revenue estimate was $35.17B, resulting in an average revenue estimate of $36.03B. In the same quarter a year ago, actual revenue was $35.98B, up 0.20% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $39.52B in the next fiscal year. The high estimate is $40.47B and the low estimate is $38.14B. The average revenue growth estimate for next year is up 9.70% from the average revenue estimate for this year.
