There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Starbucks Corporation (SBUX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.06%, to $97.38. The Starbucks Corporation has recorded 465,296 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Starbucks Reports Q3 Fiscal 2023 Results.
As a NASDAQ listed company, SBUX falls under the Consumer Cyclical sector while operating within the Restaurants industry segment. At the end of the last regular session, the stock closed at $97.44 and fluctuated between $99.33 as its day high and $97.29 as its day low. The current market capitalization of Starbucks Corporation is $110.85B. A total of 5.62 million shares were traded on the day, compared to an average of 6.47M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SBUX has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 2,066 shares. Over the last 12 months, there were 17 BUYs and 24 SELLs from insiders. Insiders purchased 271,137 shares during that period but sold 56,015.
In the most recent transaction, Ruggeri Rachel sold 679 shares of SBUX for 100.60 per share on Jun 21. After the transaction, the evp, cfo now owns 54,761 company shares. In a previous transaction on Feb 21, Ruggeri Rachel sold 736 shares at 105.50 per share. SBUX shares that evp, cfo owns now total 56,028.
Among the insiders who sold shares, Jenkins Zabrina disposed of 2,962 shares on Feb 13 at a per-share price of $108.48. This resulted in the acting evp, general counsel holding 38,258 shares of SBUX after the transaction. In another insider transaction, Ruggeri Rachel sold 3,960 shares at $106.50 per share on Jan 09. Company shares held by the evp, cfo now total 57,962.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Starbucks Corporation pays an annual dividend of $2.12, resulting in a dividend yield of 2.18%, and it has a price to earnings (P/E) ratio of 29.67. SBUX’s most recent ex-dividend date was 8/10/2023 when it declared a $0.53 quarterly dividend that was paid in cash on 8/25/2023. Previously, the company paid the dividend on 5/26/2023 with an ex-dividend date of 5/11/2023. The SBUX stock dividend was $0.53 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SBUX in the last 3 months, the mean price target is $113.69 with high estimates of $150.00 and low estimates of $101.00. In terms of 52-week highs and lows, SBUX has a high of $115.48 and a low of $81.67.
As of this writing, SBUX has an earnings estimate of $0.97 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $1.03 per share and a lower estimate of $0.9. The company reported an EPS of $0.74 in the last quarter, which was 13.80% higher than expectations of $0.65.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SBUX’s latest balance sheet shows that the firm has $6.62B in Cash & Short Term Investments as of fiscal 2021. There were $23.61B in debt and $8.15B in liabilities at the time. Its Book Value Per Share was -$7.29, while its Total Shareholder’s Equity was -$5.31B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SBUX is Buy with a score of 3.88.