Monthly Stock Report: Starbucks Corporation (SBUX)
Publication Date: September 22, 2024
Company Overview
Starbucks Corporation (SBUX), established in 1971 and headquartered in Seattle, Washington, stands as a dominant force in the global coffee industry. The company specializes in roasting, marketing, and retailing premium coffee and tea beverages while also offering a diverse menu that includes pastries and breakfast sandwiches. Operating across three key segments—North America, International, and Channel Development—Starbucks expands its brand presence through various licensed stores and grocery accounts. As a publicly traded entity in the Consumer Cyclical sector, it continues to thrive within the Restaurants industry.
Market Analysis and Potential Upside
With a total revenue of approximately $36.48 billion, the restaurant industry is showcased as financially robust, indicating significant growth potential. Analysts maintain a bullish outlook for Starbucks, projecting a target high price of $120.00 per share. This optimism reflects confidence in the company’s ability to adapt to evolving consumer preferences and spending habits, positioning it favorably amidst competitive market dynamics. Current statistics reveal that Starbucks has approximately 1.13 billion shares outstanding, with around 31.17 million shares held short, representing only 2.75% of the total float. This minor short interest indicates a stable market environment, with bear sentiment remaining subdued.
Stock Performance and Analyst Recommendations
Starbucks stock is currently valued at $96.05, with a target mean price of $95.74, indicating potential upside in an increasingly bullish market environment. The stock’s performance, positioned closer to its fifty-two-week high of $107.66 rather than its low of $71.55, suggests a strong trading trajectory over the past year. The fifty-day moving average sits at $86.27, which reinforces positive investor sentiment. Additionally, a collective analysis from 30 analysts yields a favorable recommendation with a mean score of 2.4, reflecting a solid consensus for a strong buy. This detailed evaluation supports an optimistic outlook for investors considering entry points into the SBUX stock amidst promising industry trends.
| Metric | Value |
|---|---|
| Market Cap | $108.8b |
| Total Debt | $25.3b |
| Total Cash | $3.4b |
| Shares Outstanding | 1.1b |
| Float Shares | 1.1b |
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