Starbucks Corporation [SBUX] is -11.47% lower this YTD. Is it still time to buy?

Starbucks Corporation [NASDAQ: SBUX] plunged by -$1.5 during the normal trading session on Monday and reaching a high of $104.24 during the day while it closed the day at $103.55. The company report on November 30, 2022 that Starbucks Declares Quarterly Cash Dividend.

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Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.53 per share of outstanding Common Stock. The dividend will be payable in cash on February 24, 2023 to shareholders of record on February 10, 2023.

Starbucks Corporation stock has also gained 4.96% of its value over the past 7 days. However, SBUX stock has inclined by 22.52% in the 3 months of the year. Over the past six months meanwhile, it has gained 31.11% and lost -11.47% year-on date.

The market cap for SBUX stock reached $116.95 billion, with 1.15 billion shares outstanding and 1.15 billion shares in the current float. Compared to the average trading volume of 8.28M shares, SBUX reached a trading volume of 9280572 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SBUX shares is $98.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SBUX stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Starbucks Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 05, 2022. While these analysts kept the previous recommendation, Stephens raised their target price to Equal-Weight. The new note on the price target was released on September 23, 2022, representing the official price target for Starbucks Corporation stock. Previously, the target price had yet another raise to $94, while Bernstein analysts kept a Mkt Perform rating on SBUX stock. On July 14, 2022, analysts decreased their price target for SBUX shares from 103 to 91.

The Average True Range (ATR) for Starbucks Corporation is set at 2.47, with the Price to Sales ratio for SBUX stock in the period of the last 12 months amounting to 3.63. Price to Free Cash Flow for SBUX in the course of the last twelve months was 399.57 with Quick ratio for the last quarter at 0.50.

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 4.96. With this latest performance, SBUX shares gained by 22.28% in over the last four-week period, additionally plugging by 31.11% over the last 6 months – not to mention a drop of -6.91% 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 70.28, with the RSI for the last a single of trading hit 72.70, and the three-weeks RSI is set at 67.23 for Starbucks Corporation [SBUX]. The present Moving Average for the last 50 days of trading for this stock 91.39, while it was recorded at 102.57 for the last single week of trading, and 84.54 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 +13.27 and a Gross Margin at +19.58. Starbucks Corporation’s Net Margin is presently recorded at +10.18.

Starbucks Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 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 16.46%.

Starbucks Corporation [SBUX]: Insider Ownership positions

There are presently around $84,551 million, or 72.00% of SBUX stock, in the hands of institutional investors. The top three institutional holders of SBUX stocks are: VANGUARD GROUP INC with ownership of 103,852,100, which is approximately 1.452% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 73,498,198 shares of the stock with an approximate value of $7.61 billion in SBUX stocks shares; and STATE STREET CORP, currently with $4.65 billion in SBUX stock with ownership of nearly 0.812% of the company’s market capitalization.

Positions in Starbucks Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,065 institutional holders increased their position in Starbucks Corporation [NASDAQ:SBUX] by around 62,483,390 shares. Additionally, 996 investors decreased positions by around 42,345,840 shares, while 248 investors held positions by with 711,697,163 shares. The mentioned changes placed institutional holdings at 816,526,393 shares, according to the latest SEC report filing. SBUX stock had 156 new institutional investments in for a total of 14,616,560 shares, while 123 institutional investors sold positions of 3,787,162 shares during the same period.


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