In yesterday’s Wall Street session, Starbucks Corp (NASDAQ:SBUX) shares traded at $98.42, down -0.82% from the previous session.
SBUX stock price is now 1.73% away from the 50-day moving average and 12.20% away from the 200-day moving average. The market capitalization of the company currently stands at $110.62B.
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On November 13, 2024, Redburn Atlantic Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $84 to quote $77, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Conway Michael Aaron, Officer bought 13,308 shares of the company’s stock on Nov 15 ’24. The stock was bought for $1,311,250 at an average price of $98.53. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Officer Ruggeri Rachel bought 1,452 shares of the business’s stock. A total of $143,850 was incurred on buying the stock at an average price of $99.07. 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 $133826273280, which is based on a 29.76 price-to-earnings ratio, a 3.46 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for SBUX is $96.749 and a two-hundred day moving average price translates $87.72035 for the stock.
The latest earnings results from Starbucks Corp (NASDAQ: SBUX) was released for 2024-09-29. The company reported revenue of $9.07 billion for the quarter, compared to $9.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.2 percent.
