Starbucks Corporation [SBUX] stock Upgrade by JP Morgan analyst, price target now $101


Starbucks Corporation [NASDAQ: SBUX] surged by $1.94 during the normal trading session on Friday and reaching a high of $89.75 during the day while it closed the day at $89.60. The company report on March 16, 2022 that Starbucks Showcases Innovation for Growth and a More Connected and Sustainable Future at 2022 Annual Meeting of Shareholders.

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Starbucks Board of Directors chair, Mellody Hobson, extended sincerest thanks to retiring ceo Kevin Johnson after 13 years of service, affirming the company will continue to be a trail blazer. Howard Schultz appointed interim ceo.

Outlined investments and actions powered by – and for – green apron partners and stores around the world.

Starbucks Corporation stock has also gained 8.30% of its value over the past 7 days. However, SBUX stock has declined by -21.12% in the 3 months of the year. Over the past six months meanwhile, it has lost -20.99% and lost -23.40% year-on date.

The market cap for SBUX stock reached $100.83 billion, with 1.17 billion shares outstanding and 1.15 billion shares in the current float. Compared to the average trading volume of 9.34M shares, SBUX reached a trading volume of 23738950 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Starbucks Corporation [SBUX]:

JP Morgan have made an estimate for Starbucks Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 16, 2022. While these analysts kept the previous recommendation, Wedbush dropped their target price from $110 to $106. The new note on the price target was released on February 02, 2022, representing the official price target for Starbucks Corporation stock. Previously, the target price had yet another drop from $115 to $105, while UBS kept a Neutral rating on SBUX stock. On February 02, 2022, analysts decreased their price target for SBUX shares from 135 to 125.

The Average True Range (ATR) for Starbucks Corporation is set at 3.43, with the Price to Sales ratio for SBUX stock in the period of the last 12 months amounting to 3.32. Price to Free Cash Flow for SBUX in the course of the last twelve months was 43.94 with Quick ratio for the last quarter at 0.60.

SBUX stock trade performance evaluation

Starbucks Corporation [SBUX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.30. With this latest performance, SBUX shares dropped by -5.86% in over the last four-week period, additionally sinking by -20.99% over the last 6 months – not to mention a drop of -15.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SBUX stock in for the last two-week period is set at 49.48, with the RSI for the last a single of trading hit 54.60, and the three-weeks RSI is set at 46.38 for Starbucks Corporation [SBUX]. The present Moving Average for the last 50 days of trading for this stock 94.25, while it was recorded at 85.42 for the last single week of trading, and 109.43 for the last 200 days.

Starbucks Corporation [SBUX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Starbucks Corporation [SBUX] shares currently have an operating margin of +16.05 and a Gross Margin at +22.70. Starbucks Corporation’s Net Margin is presently recorded at +14.45.

Return on Total Capital for SBUX is now 26.05, given the latest momentum, and Return on Invested Capital for the company is 27.44. Additionally, SBUX Total Debt to Total Capital is recorded at 129.10, with Total Debt to Total Assets ending up at 75.19.

Reflecting on the efficiency of the workforce at the company, Starbucks Corporation [SBUX] managed to generate an average of $10,964 per employee. Receivables Turnover for the company is 22.99 with a Total Asset Turnover recorded at a value of 0.96.Starbucks Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for Starbucks Corporation [SBUX] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SBUX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Starbucks Corporation go to 11.40%.

Starbucks Corporation [SBUX]: Insider Ownership positions

There are presently around $72,333 million, or 71.10% of SBUX stock, in the hands of institutional investors. The top three institutional holders of SBUX stocks are: VANGUARD GROUP INC with ownership of 98,681,046, which is approximately 0.385% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 82,463,592 shares of the stock with an approximate value of $7.39 billion in SBUX stocks shares; and STATE STREET CORP, currently with $4.35 billion in SBUX stock with ownership of nearly 3.522% of the company’s market capitalization.

Positions in Starbucks Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 1,315 institutional holders increased their position in Starbucks Corporation [NASDAQ:SBUX] by around 45,938,720 shares. Additionally, 957 investors decreased positions by around 59,116,067 shares, while 262 investors held positions by with 702,229,045 shares. The mentioned changes placed institutional holdings at 807,283,832 shares, according to the latest SEC report filing. SBUX stock had 290 new institutional investments in for a total of 4,614,250 shares, while 136 institutional investors sold positions of 5,649,816 shares during the same period.