Caffeine jolts: Coffee shop growth in China sizzles while a bubble tea IPO goes flat
Seeking Alpha News (Wed, 24-Apr 11:41 AM ET)
Starbucks stock snaps six-day of gains
Seeking Alpha News (Tue, 23-Apr 4:31 PM ET)
5 Things to Know About First-Ever Starbucks Promises Day
Business Wire (Tue, 23-Apr 3:28 PM ET)
Wells Fargo Sticks to Its Buy Rating for Starbucks (SBUX)
TipRanks (Tue, 23-Apr 6:56 AM ET)
Starbucks Stock (NASDAQ:SBUX) Could Get Hot Just in Time for Summer
TipRanks (Mon, 22-Apr 8:26 PM ET)
Bank of America Securities Keeps Their Buy Rating on Starbucks (SBUX)
TipRanks (Mon, 22-Apr 10:17 AM ET)
Analysts Are Neutral on These Consumer Cyclical Stocks: Starbucks (SBUX), DR Horton (DHI)
TipRanks (Fri, 19-Apr 7:50 AM ET)
Barclays Reaffirms Their Buy Rating on Starbucks (SBUX)
TipRanks (Fri, 19-Apr 3:58 AM ET)
Starbucks Announces Q2 Fiscal Year 2024 Results Conference Call
Business Wire (Tue, 16-Apr 4:05 PM ET)
Strategic Organizing Center Issues Statement on Starbucks
Business Wire (Tue, 5-Mar 8:30 AM ET)
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
Starbucks trades on the NASDAQ stock market under the symbol SBUX.
As of April 24, 2024, SBUX stock price climbed to $88.75 with 6,661,728 million shares trading.
SBUX has a beta of 1.03, meaning it tends to be more sensitive to market movements. SBUX has a correlation of 0.29 to the broad based SPY ETF.
SBUX has a market cap of $100.48 billion. This is considered a Large Cap stock.
Last quarter Starbucks reported $9 billion in Revenue and $.90 earnings per share. This fell short of revenue expectation by $-205 million and missed earnings estimates by -$.04.
In the last 3 years, SBUX stock traded as high as $126.32 and as low as $68.39.
The top ETF exchange traded funds that SBUX belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.
SBUX has underperformed the market in the last year with a return of -15.9%, while the SPY ETF gained +24.2%. In the last 3 month period, SBUX fell short of the market, returning -2.9%, while SPY returned +4.6%. However, in the most recent 2 weeks SBUX has outperformed the stock market by returning +1.9%, while SPY returned -2.7%.
SBUX support price is $86.95 and resistance is $88.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SBUX stock will trade within this expected range on the day.