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Starbucks (SBUX) Stock Price, News & Analysis

Starbucks logo
$98.87
+1.17 (+1.20%)
(As of 11/1/2024 ET)

About Starbucks Stock (NASDAQ:SBUX)

Key Stats

Today's Range
$97.37
$99.80
50-Day Range
$91.15
$99.28
52-Week Range
$71.55
$107.66
Volume
8.86 million shs
Average Volume
7.44 million shs
Market Capitalization
$112.04 billion
P/E Ratio
29.87
Dividend Yield
2.31%
Price Target
$103.32
Consensus Rating
Moderate Buy

Company Overview

Starbucks Corporation is a renowned roaster, marketer and retailer of specialty coffee with over 36,000 stores across 80 countries. Founded in 1971, the company comprises three segments: North America, international and channel development. Starbucks has achieved tremendous success since its inception by becoming the largest coffeehouse company in the world.

In 1971, three business partners — Jerry Baldwin, Zev Siegl and Gordon Bowker — pursued their dream of selling high-quality coffee beans and equipment, inspired by roasting coffee entrepreneur Alfred Peet. By 1986, the team had opened six stores in the Seattle area and had begun to sell espresso coffee. The following year, the original owners sold the Starbucks chain to former director of marketing Howard Schultz. By 1989, Starbucks had expanded to 46 stores across the Pacific Northwest and Midwest and reported annual revenue of $73.5 million.

Notable acquisitions include The Coffee Connection, Circadia, Seattle's Best Coffee, Torrefazione Italia, Diedrich Coffee and Coffee People. In 2017, Kevin Johnson succeeded Howard Schultz, and Schultz returned as CEO in April 2022. 

Starbucks offers an extensive selection of hot and cold drinks, espresso, caffe latte, whole-bean coffee, micro-ground instant coffee, juices, Frappuccino beverages, full and loose-leaf teas, pastries and snacks. It operates six roasteries with tasting rooms and 43 coffee bars within the Starbucks Reserve program.

In 2008, Starbucks encountered some challenges with the announcement of 600 underperforming store closures and the halting of U.S. expansion. An additional 300 stores and a layoff of 7,000 people occurred in 2009. In 2014, Starbucks changed its strategy and shifted from a cookie-cutter approach to branding that was the same worldwide to one focused on local customization for each store. To further invest in the Chinese market, Starbucks acquired the remaining 50% stake of its joint venture from Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation (PCSC) for $1.3 billion.

The COVID-19 pandemic resulted in a 10% sales decrease due to lockdowns and a 50% decrease in China and closed all café-only stores in the United States for two weeks in March. It announced in 2019 that it would close 400 locations in the U.S./Canada regions. 

In 2021, Starbucks was striving to regain its footing, with workers in Buffalo, New York, attempting to unionize and the company facing accusations of illegally discriminating against unionized workers by refusing them wage and benefit increases. The company is also working to address the racial bias issues it has experienced, such as the 2008 discrimination suit and the 2018 incident in Philadelphia.

Starbucks has committed to providing an unparalleled customer experience, impressive growth and expansion and continued efforts to address systemic racism and promote equity. With the return of CEO Howard Schultz, the company plans to increase its store count to about 55,000 by 2030.

Starbucks Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
95th Percentile Overall Score

SBUX MarketRank™: 

Starbucks scored higher than 95% of companies evaluated by MarketBeat, and ranked 18th out of 216 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Starbucks has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 16 buy ratings, 9 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Starbucks has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Starbucks' stock forecast and price target.
  • Earnings Growth

    Earnings for Starbucks are expected to grow by 14.33% in the coming year, from $3.42 to $3.91 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Starbucks is 29.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.37.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Starbucks is 29.87, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 120.24.

  • Price to Earnings Growth Ratio

    Starbucks has a PEG Ratio of 2.66. PEG Ratios above 1 indicate that a company could be overvalued.

  • Read more about Starbucks' valuation and earnings.
  • Percentage of Shares Shorted

    2.55% of the float of Starbucks has been sold short.
  • Short Interest Ratio / Days to Cover

    Starbucks has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Starbucks has recently decreased by 0.42%, indicating that investor sentiment is improving.
  • Dividend Yield

    Starbucks pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Starbucks has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of Starbucks is 68.88%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Starbucks will have a dividend payout ratio of 58.31% next year. This indicates that Starbucks will be able to sustain or increase its dividend.

  • Read more about Starbucks' dividend.
  • Percentage of Shares Shorted

    2.55% of the float of Starbucks has been sold short.
  • Short Interest Ratio / Days to Cover

    Starbucks has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Starbucks has recently decreased by 0.42%, indicating that investor sentiment is improving.
  • News Sentiment

    Starbucks has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 90 news articles for Starbucks this week, compared to 44 articles on an average week.
  • Search Interest

    Only 68 people have searched for SBUX on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.
  • MarketBeat Follows

    39 people have added Starbucks to their MarketBeat watchlist in the last 30 days. This is an increase of 39% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Starbucks insiders have sold 1,641.48% more of their company's stock than they have bought. Specifically, they have bought $34,770.00 in company stock and sold $605,514.00 in company stock.

  • Percentage Held by Insiders

    Only 1.98% of the stock of Starbucks is held by insiders.

  • Percentage Held by Institutions

    72.29% of the stock of Starbucks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Starbucks' insider trading history.
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SBUX Stock News Headlines

Composition with cup of Starbucks coffee — Stock Editorial Photography
Starbucks Stock Primed for Growth Under New CEO Niccol’s Vision
Starbucks' new CEO, Brian Niccol, is exactly what Starbucks needs to effect a significant turnaround, but how long will it take to show improvement?
Kaya Cupial, right, shows her Oleato Iced Cortado coffee at the Starbucks coffee shop in Milan, Ita…
Starbucks discontinues olive oil drinks in a push to simplify its menu
Starbucks is discontinuing its Oleato olive-oil infused beverages at most locations, part of an effort to streamline the chain’s menu
Nvidia warning urgent
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
Stock market graph chart - stock exchange trading analysis investment financial display stock crisis crash down and grow up trand profits financial or forex graph stock market digital graph business
3 Stocks Reporting Kitchen Sink Quarters to Usher in a Turnaround (SBUX)
During earnings season, companies like Nike, Boeing, and Starbucks report “kitchen sink” quarters, disclosing bad news to reset expectations and drive recovery.
A Starbucks mermaid logo sign is displayed on a store, May 29, 2024, in Salem, N
Starbucks reports weak quarterly results despite the arrival of Pumpkin Spice Latte season
It’s been a disappointing start to Pumpkin Spice Latte season for Starbucks
See More Headlines

SBUX Stock Analysis - Frequently Asked Questions

Starbucks' stock was trading at $96.01 on January 1st, 2024. Since then, SBUX shares have increased by 3.0% and is now trading at $98.87.
View the best growth stocks for 2024 here
.

Starbucks Co. (NASDAQ:SBUX) announced its earnings results on Wednesday, October, 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year.
Read the conference call transcript
.

Shares of Starbucks split on the morning of Thursday, April 9th 2015. The 2-1 split was announced on Wednesday, March 18th 2015. The newly created shares were distributed to shareholders after the closing bell on Wednesday, April 8th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

The following companies are subsidiaries of Starbucks: Teavana, La Boulange, Evolution Fresh, Ethos Brands LLC, Seattle Coffee Company, Coffee Partners Co. Ltd., Tympanum Inc., and more.

Starbucks' top institutional investors include Principal Financial Group Inc. (0.22%), Van ECK Associates Corp (0.20%), National Pension Service (0.20%) and New York State Common Retirement Fund (0.15%). Insiders that own company stock include Howard D Schultz, Michael Aaron Conway, Rachel Ruggeri, Sara Kelly, Zabrina Jenkins, Jorgen Vig Knudstorp, Clara Shih, Angela Lis, Gina Woods and Kevin R Johnson.
View institutional ownership trends
.

Shares of SBUX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Starbucks investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Meta Platforms (META), NVIDIA (NVDA), BlackRock (BLK), Broadcom (AVGO) and UnitedHealth Group (UNH).

Company Calendar

Ex-Dividend for 8/30 Dividend
8/16/2024
Dividend Payable
8/30/2024
Last Earnings
10/30/2024
Today
11/02/2024
Ex-Dividend for 11/29 Dividend
11/15/2024
Dividend Payable
11/29/2024
Next Earnings (Estimated)
2/04/2025
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Industry
Eating & drinking places
Sub-Industry
Restaurants
Current Symbol
NASDAQ:SBUX
CUSIP
85524410
Employees
381,000
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$103.32
High Stock Price Target
$120.00
Low Stock Price Target
$76.00
Potential Upside/Downside
+4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
28 Analysts

Profitability

Net Income
$4.12 billion
Pretax Margin
13.74%

Debt

Sales & Book Value

Annual Sales
$36.18 billion
Cash Flow
$4.78 per share
Book Value
($6.57) per share

Miscellaneous

Outstanding Shares
1,133,200,000
Free Float
1,110,763,000
Market Cap
$112.04 billion
Optionable
Optionable
Beta
0.97

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This page (NASDAQ:SBUX) was last updated on 11/2/2024 by MarketBeat.com Staff
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