With 6.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.72 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $102.56 whereas the lowest price it dropped to was $99.77. The 52-week range on SBUX shows that it touched its highest point at $104.68 and its lowest point at $71.55 during that stretch. It currently has a 1-year price target of $104.88. With its current market cap of 119.05 billion, SBUX has annualized dividend of $2.32 while the current yield stands at 2.26%. Beta for the stock currently stands at 0.96.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBUX was up-trending over the past week, with a rise of 4.15%, but this was up by 5.51% over a month. Three-month performance surged to 7.18% while six-month performance rose 29.96%. The stock lost -0.91% in the past year, while it has gained 6.76% so far this year. A look at the trailing 12-month EPS for SBUX yields 3.31 with Next year EPS estimates of 3.73. For the next quarter, that number is 0.68. This implies an EPS growth rate of -5.32% for this year and 19.15% for next year. EPS is expected to grow by 8.61% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.53%.
Float and Shares Shorts:
At present, 1.13 billion SBUX shares are outstanding with a float of 1.11 billion shares on hand for trading. On 2024-10-31, short shares totaled 25.17 million, which was 222.00000000000003 higher than short shares on 1727654400. In addition to Ms. Rachel Ruggeri as the firm’s Executive VP & CFO, Mr. Bradley E. Lerman J.D. serves as its Executive VP & Chief Legal Officer.
Institutional Ownership:
Through their ownership of 0.80748004 of SBUX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-29, SBUX reported revenue of $9073900000.0 and operating income of $1203500000.0. The EBITDA in the recently reported quarter was $1735100000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBUX since 32 analysts follow the stock currently. There are 20 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SBUX analysts setting a high price target of 120.0 and a low target of 76.0, the average target price over the next 12 months is 102.804. Based on these targets, SBUX could surge 17.07% to reach the target high and fall by -25.85% to reach the target low. Reaching the average price target will result in a growth of 0.3% from current levels.
Analysts have provided yearly estimates in a range of $3.60653 being high and $3.39543 being low. For SBUX, this leads to a yearly average estimate of $3.40572. The surprise factor in the prior quarter was $0.93. Based on analyst estimates, the high estimate for the next quarter is $0.75 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.59.
