SBUX - Starbucks Corporation
77.39 -0.14 (-0.18%)
Pre-Market: 6:45AM EDT
| Previous Close | 76.66 |
| Open | 77.05 |
| Bid | 77.05 x 800 |
| Ask | 77.69 x 2900 |
| Day's Range | 76.75 - 77.85 |
| 52 Week Range | 47.37 - 79.65 |
| Volume | 5,271,807 |
| Avg. Volume | 8,282,053 |
| Market Cap | 93.904B |
| Beta (3Y Monthly) | 0.43 |
| PE Ratio (TTM) | 33.49 |
| EPS (TTM) | 2.32 |
| Earnings Date | Jul 25, 2019 |
| Forward Dividend & Yield | 1.44 (1.85%) |
| Ex-Dividend Date | 2019-05-08 |
| 1y Target Est | 77.64 |
- Yahoo Finance Video•13 hours ago
Fast food needs to beef up delivery to stay relevant: Wells Fargo
Competition in the fast-food space is hot. In order to stay relevant in the space, companies need to beef up their technology and delivery initiatives, according to Wells Fargo. It is estimated that restaurant delivery will become a $50 billion market in the U.S. over the next three years. Here's Yahoo Finance's Heidi Chung to break down some findings from the Wells Fargo survey.
- Yahoo Finance Video•21 hours ago
Dunkin’ exec takes shot at Starbucks over politics
At a law conference in Boston, Dunkin’ executives spoke about the company’s branding and how it’s different from Starbucks because it's apolitical. Yahoo Finance’s Dan Roberts, Melody Hahm, and Akiko Fujita discuss the larger issues.
- CNBC Videos•yesterday
Cramer: Be cautious buying Luckin Coffee's IPO
Jim Cramer warns against buying shares of Luckin Coffee when it goes public because Chinese IPOs have been tough to own.
- TheStreet.com•17 hours ago
From McDonald's to Starbucks: The Biggest Fast-Food Chains In the World
McDonald's and Starbucks are two of the biggest fast-food chains in the world. Here's a breakdown of the biggest fast-food chains in the world.
- InvestorPlace•22 hours ago
Coming Back to the Consistency of Starbucks
To receive further updates on this Starbucks (NASDAQ:SBUX) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Strategic Trader today.After rallying last week, the S&P 500 gapped lower yesterday morning. The index closed just above 2,840, which is slightly lower than last Friday's close.There are a number of fundamental factors we could point to that could explain the decline.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTraders are still nervous about trade tensions and higher tariffs between the United States and China. Traders are wondering where the good news that could potentially spark a rally is going to come from now that 92% of the S&P 500 companies have reported their first quarter earnings. Traders are concerned tensions between the United States and Iran could escalate.So what do all of these concerns have in common? They highlight the uncertainty traders are dealing with, and uncertainty typically leads to volatility on Wall Street.In times like these, we like to find as much certainty as we can by placing trades on stocks that have proven themselves to be consistent winners -- like Starbucks (NASDAQ:SBUX). Selling puts against SBUX has been an effective strategy for us in 2019, and we're coming back to this stock for another round of income. Solid Fundamental PerformanceJust as every Starbucks barista is guaranteed to misspell your name while serving you a consistent product across the county, SBUX has been a consistent bullish winner for the past year.SBUX's solid stock performance has been driven by the company's solid fundamental performance. Sales and active participation in Starbucks Rewards are increasing in America, and operating margins increased by 80 basis points -- or 0.80% -- in the region last quarter. Management also expects to open more than 2,000 new stores this year and for global comparable sales growth to increase by 3-4%. Uninterrupted UptrendIf we turn to SBUX's daily chart, we see its uptrend has been virtually uninterrupted. Even when the rest of the S&P 500 was pulling back into a bear market in late 2018, SBUX was able to hold its own. It only dropped 12% while the S&P 500 dropped 20%. Since then, the stock has gone on to form new 52-week highs during each month of 2019 so far.Daily Chart of Starbucks (SBUX) -- Chart Source: TradingViewWe are looking for traders to continue rewarding SBUX for its solid, consistent fundamental performance with a continuation of the stock's current long-term uptrend.However, because the market is volatile right now, we don't want to go too far out with our trade. We've successfully sold seven put writes on SBUX in 2019, making this our eighth. If the stock continues to rise, we'll look for an opportunity to buy this put write back at a lower price, lock in our gains and roll out the trade.To find out which SBUX puts we're selling -- and to get access to our full portfolio of income-generating trades -- consider signing up for risk-free trial subscription to Strategic Trader today. InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of Strategic Trader.Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation.Compare Brokers The post Coming Back to the Consistency of Starbucks appeared first on InvestorPlace.
- InvestorPlace•yesterday
BABA Stock Earnings Blast Away the Bears and Quell Trade-War Fears
Alibaba Group Holding (NASDAQ:BABA) is defying the market downturn in the best possible way, with blowout earnings. Last week, BABA stock topped out just below $180 per share, a market cap of $453 billion, after the company announced earnings.Source: Charles Chan Via FlickrLast quarter, BABA earnings came in at $1.28 per share, on revenue of $13.9 billion, and highlighted $1.15 billion in cloud revenue. That's revenue growth of 51% year-over-year for those scoring at home.Analysts had been expecting earnings of 98 cents per share on revenue of $13.42 billion. The shares had been falling early in the month, with traders betting the trade war would begin to bite. And despite strong earnings and management showing that BABA has little to fear from the trade war, Alibaba stock has fallen again to just above $160.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Stocks to Buy That Are Also Perfect for Retirement However, I don't believe this changes the underlying narrative on BABA stock. This is still a long-term growth story of company largely immune to trade tensions -- even if the stock itself isn't always. What Trade War?The report highlighted how despite all of the talk, many companies on both sides of the Pacific just aren't being heavily hit by the trade war. For now at least, it's business as usual.The Alibaba report noted that the company has now enabled delivery of Starbucks (NASDAQ:SBUX) products from 2,100 stores in China and helped drive new Starbucks Rewards memberships through its online stores. Starbucks is facing new competition from Blackrock (NYSE:BLK) financed Luckin Coffee, which is preparing to raise $500 million to expand its own network of over 2,000 kiosks. If consumers in China were taking the trade talk seriously, they might be abandoning the American brand, which is easy to do.Bears had been betting that the trade war could sink BABA stock, but they have recently been outnumbered by bulls taking options the price could hit $215 per share. Why Alibaba MattersThe New York Times talked about the slowing growth of Alibaba but that's a function of big numbers being harder to move than smaller ones.Analysts are now expecting Alibaba to achieve sales of $54.5 billion during the 2020 fiscal year, and earnings of $6.56 per share, which means the current stock price is just 8.2 times sales and 26.7 times next year's earnings, both modest for a high-growth company.Alibaba is increasingly a proxy for the global Chinese middle class, its shows now following Chinese overseas through a deal with Netflix (NASDAQ:NFLX). China's problems are increasingly First World problems with Alibaba founder Jack Ma, now executive chairman, as spokesman. He's pushing a 1950s "Organization Man" view of the world, telling people to work 72-hour weeks with his mantra of "996." He recently made even more controversial comments as an inappropriate play on this idea.Alibaba is also a bet on the power of the cloud to change the world's economic geography. Unlike Amazon (NASDAQ:AMZN), which mainly re-sells cloud infrastructure, or Microsoft (NASDAQ:MSFT), which sells business applications from clients, Alibaba is focused on selling its own trade applications, and pushing its own payment network, Alipay, through global alliances.Alibaba is also selling its brand, and this may be the most potent threat to American power, even more important than China's military or its "Belt and Road" initiative. Alibaba is now opening its AliExpress market to sell goods from outside China, after Amazon shuttered its Chinese store.The Alibaba brand is now worth $131 billion according to Brandz, second only to Amazon, which has a value of $313 billion. By way of contrast rival JD.Com (NASDAQ:JD) is said to be worth just $20 billion. The Bottom Line for BABA StockI got off the Alibaba train in February, with the stock at $167 per share. It may be time to climb back on board despite the recent volatility. * 7 ETFs for Healthy Healthcare REITs Certainly, China has problems, especially debt problems. But the U.S. also has debt problems. World trade is not declining despite the efforts of global leaders. Alibaba and Amazon look set to be prime beneficiaries.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and MSFT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post BABA Stock Earnings Blast Away the Bears and Quell Trade-War Fears appeared first on InvestorPlace.
- MarketWatch•2 days ago
5 things to know about newly-public Chinese Starbucks competitor Luckin Coffee
Luckin Coffee Inc., a China-based company that has quickly become a key competitor to Starbucks Corp. in that country, has filed paperwork to go public.
- MarketWatch•2 days ago
Starbucks opening a store designed for the deaf and hearing impaired in China
Starbucks Corp. said Monday that it is opening a store designed for the deaf and hearing impaired in China, the first in that country but third of its kind. The store, which will be located near the Guangdong Disabled Association and Guangdong Deaf People Association, will offer jobs for the deaf community. Starbucks currently has more than 100 staff members with physical challenges in China. Starbucks' other two signing stores are in Malaysia, which opened in 2016, and Washington, D.C., which launched in 2018. Starbucks stock is up 19.5% for the year to date, outpacing the S&P 500 index , which is up 13.5% for the period.
- InvestorPlace•2 days ago
Why Luckin Coffee Stock Could Be A Big Winner
Hyper-growth China retail coffee operator Luckin Coffee (NYSE:LK) made its highly anticipated Wall Street debut on May 17, and it was nothing short of a smashing success. Strong investor demand propelled Luckin to price its IPO at $17, at the high end of its initial $15 to $17 target range. Then, Luckin Coffee stock opened at $25, up nearly 50% from its already boosted IPO price. To be sure, the stock fell off those $25 highs. But, as of this writing, LK stock trades between $21 and $22, or up more than 20% from its IPO price.Source: Shutterstock In other words, the Luckin Coffee IPO was a big success.This success is no fluke. Many people call Luckin Coffee "the Starbucks (NASDAQ:SBUX) of China." That comparison is pretty accurate. This is the fastest growing and second largest retail coffee operator in China, and is on track to soon become the largest player in the space. At the same time, the China economy is rapidly urbanizing and expanding, and the coffee market in that economy is surging higher.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAltogether, Luckin Coffee is the fastest growing and soon to be the biggest player in a very quickly growing Chinese coffee marketplace. Ultimately, as Luckin continues to expand share in this hyper-growth market over the next several years, Luckin Coffee stock will head higher.How much higher? Significantly higher. By my numbers, I think Luckin Coffee could be worth in excess of $10 billion one day. The current market cap on LK stock hovers in the $4 to $5 billion range.Consequently, long-term upside potential in Luckin Coffee stock is quite compelling. The China Coffee Market Will Be HugeFrom a growth perspective, the China economy is second to none on the global stage. This is a massive economy, with well over a billion people, the majority of whom are urbanizing and digitizing at an exceptional pace. The net result is that the economy is rapidly expanding, led mostly by robust growth in the consumer economy.One part of this consumer economy that is particularly strong is the retail coffee market. Consumer expenditures and retail sales in China are rising at a healthy high single-digit rate. But, the coffee market in China is growing much more quickly, averaging roughly 20% growth on an annual basis. * 10 Baby Boomer Stocks to Buy Still, China coffee consumption per capita is low. Chinese consumers drink about three cups of coffee per year. U.S. consumers drink about 360 cups of coffee per year. That is a hundred-fold difference. To be sure, China GDP per capita and household expenditures per capita are about one-tenth the size of U.S. GDP and expenditures per capita. That explains some of the divergence. But, only about 10% of it.Thus, the Chinese coffee market is growing very quickly, and has plenty of room to keep growing at 15-20% pace over the next several years. Luckin Coffee Will Be An Important PlayerAt the current moment, Luckin Coffee is a relatively small player in the Chinese coffee marketplace. They only operate about 2,400 stores, out of 100,000 coffee houses in China.But, eighteen months ago, that number stood at zero. Thus, over the past 18 months, Luckin has opened over 2,000 coffee stores, making this company the fastest growing player in the China coffee market.This robust store opening rate will continue. Luckin Coffee operates on a unique model. They focus on smaller stores, which don't have much seating area and are focused simply on serving coffee so that consumers are in-and-out. To complement these quick-service-style stores, Luckin has built out a robust online and mobile ordering channel so that consumers can order ahead, run into the store, pick up the coffee and get out quickly. All the while, Luckin offers coffee at industry low prices.In other words, Luckin is doing the two things it needs to do most: minimize cost and maximize convenience. Because they are doing this, Luckin will inevitably transform into a very important player in the China coffee marketplace.How important? It's easy to see this company being as big as Starbucks in the Chinese marketplace. Starbucks has nearly 4,000 stores in China today, and plans to grow that to base 6,000 over the next few years. Luckin consequently has a realistic and visible runway to 6,000-plus stores over the next several years. This Could Be A $10 Billion-Plus Company One DayGiven the company's favorable long-term growth prospects, there is an opportunity for Luckin Coffee to one day turn into a $10 billion-plus company.Here's the math. Starbucks company-operated stores on a global basis do about $1.3 million in sales per store. Luckin probably won't be able to do that, given lower China expenditures per capita and their smaller stores. But, about $1 million in sales per store seems doable. On a 6,000 store base, that implies $6 billion in revenues at scale. * 7 A-Rated Healthcare Stocks for Industry Expansion Starbucks operates at ~20% operating margins. But, that's a blended model of licensed and company-operated stores. Luckin's model is completely company-operated. Luckin also has less scale to lever expenses. That combo broadly implies that ~10% operating margins are doable at scale, which implies roughly $600 million in operating profits. Taking out 25% for taxes, that yields $450 million in net profits.Based on a Starbucks' five-year average forward earnings multiple of 25, that equates to a long run market cap target of over $11 billion. Lucking Coffee stock has a market cap of between $4 and $5 billion. Bottom Line on LK StockThe Luckin Coffee IPO was a huge success because Luckin Coffee stock has tremendous long-term growth potential. At scale, this long-term growth potential implies that LK stock could more than double from current levels over the long run. As such, for long-term investors, Luckin Coffee stock is the type of stock you want to buy into on weakness.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities, but may initiate a long position in LK within the next 72 hours. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Why Luckin Coffee Stock Could Be A Big Winner appeared first on InvestorPlace.
- TheStreet.com•2 days ago
Betting Luckin Coffee's Luck Will Run Out
The shares of the largest Chinese stock offering so far this year rose as much as 52.7% as they listed last Friday. Luckin Coffee's growth trajectory will see it go from no stores in November 2017, when it was founded, to 2,370 outlets now. , which has 3,600 stores in China, a market it entered in 1999.
- Barrons.com•2 days ago
Podcast: Why Bitcoin Has Rallied 90% This Year
The White House has threatened to introduce 25% tariffs on $200 billion of Chinese goods. China is a large part of Apple’s supply chain, and FactSet estimates Apple gets almost 20% of its revenues from there.
- Bloomberg•2 days ago
Burning Cash Is Strategy of Choice for China's Starbucks Rival
For now, American investors seem impressed enough by Luckin’s aggressive expansion plan for the Xiamen-based company to raise a higher-than-expected $561 million in its initial public offering Thursday. Reinout Schakel, the company’s chief financial officer, said he was pleased with the trading debut. The Chinese startup is seeking to overtake Starbucks, opening more stores in two years than the industry giant has in 20 years.
Associated Press•4 days agoLuckin, a Starbucks rival in China, rises in US stock debut
NEW YORK (AP) — Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20% in their U.S. stock market debut Friday.
- Motley Fool•4 days ago
After Hours: Qualcomm Hangups, Luckin Coffee's Debut
The post-market trading scene isn't particularly on fire, although there was a hot IPO during the day.
- GuruFocus.com•4 days ago
Bill Ackman Comments on Starbucks
SBUX's (NASDAQ:SBUX) fiscal second quarter results lend further support to our belief in the company's wide competitive moat and its long-term, high -single-digit revenue growth outlook. Starbucks' store base grew 7% this quarter to more than 30,000 stores globally. Warning! GuruFocus has detected 5 Warning Sign with HLT.
- GuruFocus.com•4 days ago
Bill Ackman's Pershing Square 1st Quarter Letter to Shareholders
Pershing Square Holdings generated strong performance during the first quarter of 2019 and year-to -date. NAV per share increased 36.9% during the first quarter and by 38.4%1 year-to-date, compared with the S&P 500's year-to-date total return of 13.9%. Warning! GuruFocus has detected 5 Warning Signs with FNMA.
- TechCrunch•5 days ago
Starbucks' Chinese nemesis surges 20% in public debut
After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50%, before settling back down to $20.38 at the market's close. The company has a market cap north of $5 billion after its first day of trading. The brick-and-mortar coffee chain has achieved major success in China by offering speedy delivery services to Chinese consumers.
- Motley Fool•5 days ago
What Happened in the Stock Market Today
Pinterest fell after it reported results for the first time since its IPO and Chinese coffee chain Luckin Coffee went public.
- Associated Press•5 days ago
Business Highlights
A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China have threatened to drive down the cost of oil and gasoline. WASHINGTON (AP) -- Caught in a sprawling trade dispute with U.S. rival China, President Donald Trump has decided against declaring commercial war on America's friends.
- Bloomberg•5 days ago
China Starbucks Rival Luckin Jumps After $561 Million IPO
Luckin sold 33 million American depositary shares Thursday for $17 each, after marketing 30 million shares for $15 to $17. The IPO topped earlier expectations of a share sale that people familiar with the plans said in February could raise about $300 million. Concurrent with the IPO, the company raised an additional $50 million through a private placement with Louis Dreyfus Co., according to its filings.
- Barrons.com•5 days ago
The Luckin Coffee IPO Is Today. Here’s Everything You Need to Know About the ‘Starbucks of China’
Luckin Coffee is challenging Starbucks’ long-held dominance of China’s freshly-brewed coffee market. It has expanded rapidly in less than two years.
- Investor's Business Daily•5 days ago
Luckin Coffee Climbs 20% In Trading Debut For Chinese Starbucks Rival
Chinese Starbucks rival Luckin Coffee rallied on its first day of trading Friday after pricing an upsized IPO at the high end of its range.
- Barrons.com•5 days ago
Luckin Coffee Stock Soared on Its IPO
Chinese coffee chain Luckin Coffee started trading on the public markets Friday—and the stock started hot. (LK) stock, trading on the Nasdaq exchange under the ticker symbol LK, quickly surged 47% above the IPO price of $17. It rose almost as high as $26 per share before closing at $20.38 per share, for a one-day gain of 19.9% over the IPO price.
Yahoo Finance•5 days agoWhat you need to know about Luckin Coffee on its IPO day
China's homegrown coffee chain Luckin Coffee is seeking help from the U.S. capital markets in its quest to overtake Starbucks.
