Starbucks Corporation (NASDAQ: SBUX) is -27.59% lower on its value in year-to-date trading and has touched a low of $68.39 and a high of $117.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SBUX stock was last observed hovering at around $88.60 in the last trading session, with the day’s loss setting it -3.9% off its average median price target of $97.00 for the next 12 months. It is also 23.0% off the consensus price target high of $110.00 offered by 34 analysts, but current levels are 2.64% higher than the price target low of $87.00 for the same period.
Currently trading at $84.70, the stock is -3.37% and -1.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.91 million and changing -4.40% at the moment leaves the stock -3.86% off its SMA200. SBUX registered -25.09% loss for a year compared to 6-month loss of -1.76%.
The stock witnessed a 0.01% gain in the last 1 month and extending the period to 3 months gives it a 12.63%, and is -8.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.81% over the month.
Starbucks Corporation (SBUX) has around 383000 employees, a market worth around $98.15B and $31.98B in sales. Current P/E ratio is 23.82 and Fwd P/E is 25.45. Profit margin for the company is 13.00%. Distance from 52-week low is 23.85% and -28.10% from its 52-week high. The company has generated returns on investments over the last 12 months (49.30%).
Starbucks Corporation (SBUX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Starbucks Corporation (SBUX) is a “Overweight”. 34 analysts offering their recommendations for the stock have an average rating of 2.40, where 18 rate it as a Hold and 3 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Starbucks Corporation is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 351.00% this year
Starbucks Corporation (SBUX) Top Institutional Holders
The shares outstanding are 1.15B, and float is at 1.15B with Short Float at 1.37%.
Starbucks Corporation (SBUX) Insider Activity
A total of 7 insider transactions have happened at Starbucks Corporation (SBUX) in the last six months, with sales accounting for 3 and purchases happening 4 times. The most recent transaction is an insider purchase by ALLISON RICHARD E JR, the company’s Director. SEC filings show that ALLISON RICHARD E JR bought 10,000 shares of the company’s common stock on Sep 15 at a price of $92.53 per share for a total of $0.93 million. Following the purchase, the insider now owns 23658.0 shares.
Starbucks Corporation disclosed in a document filed with the SEC on Sep 15 that HOBSON MELLODY L (Director) bought a total of 54,750 shares of the company’s common stock. The trade occurred on Sep 15 and was made at $92.58 per share for $5.07 million. Following the transaction, the insider now directly holds 0.43 million shares of the SBUX stock.
Still, SEC filings show that on Sep 15, Jenkins Zabrina (acting evp, general counsel) disposed off 4,020 shares at an average price of $93.00 for $0.37 million. The insider now directly holds 36,337 shares of Starbucks Corporation (SBUX).
Starbucks Corporation (SBUX): Who are the competitors?
The company’s main competitors (and peers) include The Coca-Cola Company (KO) that is trading 9.48% up over the past 12 months and PepsiCo Inc. (PEP) that is 9.47% higher over the same period. McDonald’s Corporation (MCD) is 1.98% up on the 1-year trading charts.