SBUX Stock Summary and Trading Ideas (Starbucks | NASDAQ:SBUX)

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 September 27, 2024, SBUX stock price declined to $97.36 with 4,799,888 million shares trading.

SBUX has a beta of 1.16, meaning it tends to be more sensitive to market movements. SBUX has a correlation of 0.16 to the broad based SPY ETF.

SBUX has a market cap of $110.23 billion. This is considered a Large Cap stock.

Last quarter Starbucks reported $9 billion in Revenue and $.93 earnings per share. This fell short of revenue expectation by $-126 million and met earnings estimates .

In the last 3 years, SBUX traded as high as $117.80 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 price return of +8.3% while the SPY ETF gained +35.8%. However, in the short term, SBUX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +23.7% vs +5.1% return in SPY. But in the last 2 weeks, SBUX shares have been beat by the market, returning -1.9% compared to an SPY return of +2.5%.

SBUX support price is $95.86 and resistance is $99.08 (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 shares will trade within this expected range on the day.