Added to YB: 2024-11-08
Pitch date: 2024-11-07
SBUX [neutral]
Starbucks Corporation
+5.99%
current return
Author Info
Rijnberk InvestInsights shares market-leading companies and top investment ideas through concise, high-conviction analysis. Sign up for the newsletter.
Company Info
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee internationally.
Market Cap
$109.5B
Pitch Price
$91.40
Price Target
110.00 (+14%)
Dividend
2.58%
EV/EBITDA
14.05
P/E
55.21
EV/Sales
3.35
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Starbucks Corp. – Amid turnaround hopes, is this the time to buy?
SBUX pass: New CEO Niccol promising but turnaround not materialized. Q4 weak: comps -7%, traffic -8%, margins -370bps. Suspended 2025 outlook. Valuation rich at 32.5x FY24E EPS. $110 PT implies 3.5% CAGR. Await <$85 entry for better risk/reward. Long-term bullish on brand/growth.
Read full article (13 min)