Noteworthy Stock: Starbucks Corporation (SBUX)

On Thursday, Starbucks Corporation (SBUX) shares price traded between $57.85 and $60.18 during the last trading session above with +2.89% at $59.38. The shares recorded a trading volume 11,951,095 million shares as compared to its average volume of 10,143,037 shares. The company has 1.41B shares outstanding and market value of 83.465B. Over the one year trading period, the stock has a peak price of $64.87 and its down is recorded at $52.58. The short ratio in the stock is 2.29 and the short float is around of 1.71%.

Starbucks Corp., (NASDAQ: SBUX) which has been addressing fallout over the arrest of 2 black men at one of its Philadelphia stores, declared sales growth yesterday that modestly exceeded Wall Street expectations during a period that preceded the outcry. The firm said sales grew 2% at established stores worldwide during the quarter that ended April 1, compared to the 1.8% growth analysts expected, according to FactSet. Its stock was down nearly 3% to $57.50 in after-hours trading.

The report comes as Seattle-based Starbucks firm prepares to close plunged 8,000 U.S. stores on May 29 to conduct racial bias-awareness training for its employees. There was no immediate indication that Starbucks expected any long-term financial impact from the controversy, or from its plans to close down its company-owned U.S. stores for the training.

In the liquidity ratio analysis; Starbucks Corporation’s (SBUX) debt to equity ratio was 0.85 while current ratio was 1.00. The company has the institutional ownership of 75.60% while the Beta factor was 0.62. The stock’s RSI amounts to 57.05.

Starbucks Corp., (NASDAQ: SBUX) kept its forecast of full-year earnings of between $2.48 per share and $2.53 per share. On a conference call, CEO Kevin Johnson said Starbucks’ leadership team remains on the ground in Philadelphia to address the situation. He said that the closing of the stores on May 29 was only a “small piece” of the actions Starbucks Corp., (NASDAQ: SBUX) planned in response to the episode.

“I am personally committed to act on several front to ensure it never happens again,” Johnson said.?? The episode began when a Starbucks manager called police on April 12 to complain that the 2 men were refusing to buy anything or leave the store. The 2 men, Rashon Nelson and Donte Robinson, told The Associated Press that they were waiting for a business contact to arrive. The businessman, Andrew Yaffe, showed up as the 2 men were being handcuffed and could be seen in the video demanding an explanation for the officers’ actions, sorce ABCnews. Starbucks Corporation’s (SBUX) EPS growth ratio for the past five years was 17.10% while Sales growth for the past five years was 11.00%. Return on equity (ROE) was noted as 77.40% while return on investment (ROI) was 28.80%. The stock’s institutional ownership stands at 75.60%.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development.


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Stephen Myers: Active Stocks Reporter I am Stephen Myers and I have over 9 years experience in the Active Stocks services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 3641 Broadway Street Hilton Head, SC 29926 Phone:  +(1) 843-689-6179 Email: [email protected]

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