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Should You Expect Starbucks Corporation (NASDAQ:SBUX) To Recover From Its 31.73% Gain From Highs?

Starbucks Corporation (NASDAQ:SBUX)’s traded shares stood at 1.99 million during the latest session, with the company’s beta value hitting 0.95. At the last check today, the stock’s price was $100.17, to imply an increase of 0.84% or $0.83 in intraday trading. The SBUX share’s 52-week high remains $110.83, putting it -10.64% down since that peak but still an impressive 31.73% since price per share fell to its 52-week low of $68.39. The company has a valuation of $115.23B, with an average of 5.47 million shares in intraday trading volume over the past 10 days and average of 6.10 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Starbucks Corporation (SBUX), translating to a mean rating of 2.50. Of 33 analyst(s) looking at the stock, 0 analyst(s) give SBUX a Sell rating. 2 of those analysts rate the stock as Overweight while 19 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.64.

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Starbucks Corporation (NASDAQ:SBUX) trade information

After registering a 0.84% upside in the latest session, Starbucks Corporation (SBUX) has traded red over the past five days. The stock hit a weekly high of 101.24 this Wednesday, 03/15/23, jumping 0.84% in its intraday price action. The 5-day price performance for the stock is -0.13%, and -7.23% over 30 days. With these gigs, the year-to-date price performance is 0.98%. Short interest in Starbucks Corporation (NASDAQ:SBUX) saw shorts transact 14.76 million shares and set a 2.41 days time to cover.

Analysts on Wall Street suggest a consensus price target of $112.81, implying an increase of 11.2% to the stock’s recent value. The extremes give us $91.00 and $138.00 for target low and target high price respectively. As such, SBUX has been trading -37.77% off suggested target high and 9.15% from its likely low.

Starbucks Corporation (SBUX) estimates and forecasts

Looking at statistics comparing Starbucks Corporation share performance against respective industry, we note that the company has underperformed competitors. Starbucks Corporation (SBUX) shares are 8.06% up over the last 6 months, with its year-to-date growth rate lower than industry average at 15.20% against 15.80%. Revenue is forecast to grow 8.50% this quarter before jumping 17.90% for the next one. The rating firms project that company’s revenue will grow 11.40% compared to the previous financial year.

Revenue forecast for the current quarter as set by 20 analysts is $8.41 billion. Meanwhile, for the quarter ending Jun 2023, a total of 20 analyst(s) estimate revenue growth to $9.34 billion.Earnings reports from the last fiscal year show that sales brought in $7.64 billion and $8.15 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 10.10% before jumping 14.60% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 7.50% for the past 5-year period. While 2023 is set for a -20.00% return in earnings, projections for the next 5 years are at 18.02% annually.

SBUX Dividends

Starbucks Corporation has its next earnings report out on May 02. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Starbucks Corporation has a forward dividend ratio of 2.12, with the share yield ticking at 2.13% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Starbucks Corporation (NASDAQ:SBUX)’s Major holders

Starbucks Corporation insiders hold 2.07% of total outstanding shares, with institutional holders owning 74.16% of the shares at 75.73% float percentage. In total, 74.16% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 103.85 million shares (or 9.04% of shares), all amounting to roughly $8.75 billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 73.5 million shares, or about 6.40% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $6.19 billion.

We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Starbucks Corporation (SBUX) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 34.23 million shares. This is just over 2.98% of the total shares, with a market valuation of $2.88 billion. Data from the same date shows that the other fund manager holds a little less at 26.01 million, or 2.26% of the shares, all valued at about 2.19 billion.

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