The stock of Starbucks Corp. (NASDAQ:SBUX) last traded at $96.84, up 1.65% from the previous session.
SBUX stock price is now 2.46% away from the 50-day moving average and 10.99% away from the 200-day moving average. The market capitalization of the company currently stands at $109.74B.
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With the price target enhanced from $98 to $115, Morgan Stanley maintained Overweight rating for Starbucks Corp. (NASDAQ: SBUX). On October 17, 2024, BTIG Research reiterated its ‘Buy’ rating on the stock by increasing its target price from $100 to quote $115, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, KNUDSTORP JORGEN VIG, Director bought 380 shares of the company’s stock on Sep 06 ’24. The stock was bought for $34,770 at an average price of $91.50. Upon completion of the transaction, the Director now directly owns 36,242 shares in the company, valued at $3.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Former Officer and Director Narasimhan Laxman bought 39,678 shares of the business’s stock. A total of $3,882,152 was incurred on buying the stock at an average price of $97.84. A total of 2.07% of the company’s stock is owned by insiders.
During the past 12 months, Starbucks Corp. has had a low of $71.55 and a high of $107.66. According to the stock market information, the enterprise value for the company is $131682983936, which is based on a 27.14 price-to-earnings ratio, a 2.91 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for SBUX is $94.5134 and a two-hundred day moving average price translates $87.2482 for the stock.
The latest earnings results from Starbucks Corp. (NASDAQ: SBUX) was released for 2024-06-30. The company reported revenue of $9.11 billion for the quarter, compared to $9.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.59 percent.
