The Stock Of Starbucks Corporation (NASDAQ: SBUX) Was Forecast By Analysts To Close At $110.00 Per Share By 2022.

In the last trading session, 6.52 million Starbucks Corporation (NASDAQ:SBUX) shares changed hands as the company’s beta touched 0.95. With the company’s per share price at $80.31 changed hands at -$1.19 or -1.46% during last session, the market valuation stood at $92.05B. SBUX’s last price was a discount, traded about -57.09% off its 52-week high of $126.16. The share price had its 52-week low at $68.39, which suggests the last value was 14.84% up since then. When we look at Starbucks Corporation’s average trading volume, we note the 10-day average is 6.0 million shares, with the 3-month average coming to 9.72 million.

Analysts gave the Starbucks Corporation (SBUX) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.40. If we narrow down to specifics, the data shows that 0 out of 32 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 16 recommended SBUX as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Starbucks Corporation’s EPS for the current quarter is expected to be $0.76.

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Instantly SBUX was in red as seen at the end of in last trading. With action -2.71%, the performance over the past five days has been red. The drop to weekly highs of 84.43 on Tuesday, 07/26/22 subtracted -1.46% to the stock’s daily price. The company’s shares are showing year-to-date downside of -31.34%, with the 5-day performance at -2.71% in the red. However, in the 30-day time frame, Starbucks Corporation (NASDAQ:SBUX) is 2.82% up. Looking at the short shares, we see there were 12.84 million shares sold at short interest cover period of 1.32 days.

The consensus price target for the stock as assigned by Wall Street analysts is $91.04, meaning bulls need an upside of 11.79% from its current market value. According to analyst projections, SBUX’s forecast low is $81.00 with $110.00 as the target high. To hit the forecast high, the stock’s price needs a -36.97% plunge from its current level, while the stock would need to soar -0.86% for it to hit the projected low.

Starbucks Corporation (SBUX) estimates and forecasts

Data shows that the Starbucks Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.13% over the past 6 months, a -11.42% in annual growth rate that is considerably lower than the industry average of 9.80%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for Starbucks Corporation will fall -24.80%, while the growth in revenue is estimated to hit -21.00% for the next quarter. Year-over-year growth is forecast to reach 11.00% up from the last financial year.

Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of $8.14 billion. 22 analysts are of the opinion that Starbucks Corporation’s revenue for the quarter ending Sep 2022 will be $8.45 billion. The estimates for the next quarter sales put growth at 3.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 13.30%. The 2022 estimates are for Starbucks Corporation earnings to increase by 351.00%, but the outlook for the next 5-year period is at 7.62% per year.

SBUX Dividends

Starbucks Corporation is expected to release its next quarterly earnings report between April 25 and April 29. The 2.44% annual yield figure for the share gives it an annual dividend of 1.96. It is important to note, however, that the 2.44% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Starbucks Corporation (NASDAQ:SBUX)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.18% of Starbucks Corporation shares while 69.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.20%. There are 69.08% institutions holding the Starbucks Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2021, the company held 8.60% of the shares, roughly 98.68 million SBUX shares worth $11.54 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.68% or 76.6 million shares worth $6.97 billion as of Mar 30, 2022.

Among Mutual Funds, the top two as of Dec 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 33.34 million shares estimated at $3.9 billion under it, the former controlled 2.91% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.18% of the shares, roughly 24.99 million shares worth around $2.92 billion.