The stock of Starbucks Corp. (NASDAQ: SBUX) has decreased by -0.12 when compared to last closing price of 91.50. Despite this, the company has experienced a -0.29% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-31 that Nike and Lululemon fell badly on weak earnings guidance. Apple, Tesla, and Starbucks are all heavily exposed to China, which is facing a slowdown.
Is It Worth Investing in Starbucks Corp. (NASDAQ: SBUX) Right Now?
Starbucks Corp. (NASDAQ: SBUX) has a price-to-earnings ratio that is above its average at 24.44x. The stock has a 36-month beta value of 0.97. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 5 as “overweight,” 22 as “hold,” and 0 as “sell.”
The public float for SBUX is 1.10B, and at present, short sellers hold a 1.40% of that float. On April 01, 2024, the average trading volume of SBUX was 8.51M shares.
SBUX’s Market Performance
The stock of Starbucks Corp. (SBUX) has seen a -0.29% decrease in the past week, with a -1.73% drop in the past month, and a -4.09% fall in the past quarter. The volatility ratio for the week is 1.17%, and the volatility levels for the past 30 days are at 1.40% for SBUX. The simple moving average for the last 20 days is -0.30% for SBUX stock, with a simple moving average of -5.27% for the last 200 days.
Analysts’ Opinion of SBUX
Many brokerage firms have already submitted their reports for SBUX stocks, with Robert W. Baird repeating the rating for SBUX by listing it as a “Neutral.” The predicted price for SBUX in the upcoming period, according to Robert W. Baird is $100 based on the research report published on March 18, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see SBUX reach a price target of $115, previously predicting the price at $125. The rating they have provided for SBUX stocks is “Buy” according to the report published on January 31st, 2024.
Citigroup gave a rating of “Neutral” to SBUX, setting the target price at $102 in the report published on January 18th of the current year.
SBUX Trading at -1.74% from the 50-Day Moving Average
After a stumble in the market that brought SBUX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.86% of loss for the given period.
Volatility was left at 1.40%, however, over the last 30 days, the volatility rate increased by 1.17%, as shares sank -3.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.41% lower at present.
During the last 5 trading sessions, SBUX fell by -0.29%, which changed the moving average for the period of 200-days by -7.18% in comparison to the 20-day moving average, which settled at $91.49. In addition, Starbucks Corp. saw -4.81% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SBUX starting from KELLY SARA, who sale 250 shares at the price of $92.63 back on Mar 21 ’24. After this action, KELLY SARA now owns 46,924 shares of Starbucks Corp., valued at $23,158 using the latest closing price.
KELLY SARA, the evp, chief partner officer of Starbucks Corp., sale 250 shares at $93.86 during a trade that took place back on Feb 21 ’24, which means that KELLY SARA is holding 46,963 shares at $23,465 based on the most recent closing price.
Stock Fundamentals for SBUX
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.28 for the gross margin
The net margin for Starbucks Corp. stands at 0.12. The total capital return value is set at 0.31.
Based on Starbucks Corp. (SBUX), the company’s capital structure generated 1.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at -2.84. The interest coverage ratio of the stock is 10.89.
Currently, EBITDA for the company is 7.33 billion with net debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 3.41. The receivables turnover for the company is 31.49for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To sum up, Starbucks Corp. (SBUX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
