Starbucks traded at $97.39 this Monday March 9th, decreasing $1.60 or 1.62 percent since the previous trading session. Looking back, over the last four weeks, Starbucks lost 1.61 percent. Over the last 12 months, its price fell by 8.54 percent. Looking ahead, we forecast Starbucks to be priced at 96.00 by the end of this quarter and at 87.56 in one year, according to Trading Economics global macro models projections and analysts expectations.
Starbucks Corp is a roaster, marketer and retailer of specialty coffee with operations in approximately 83 markets around the world. The Company has over 32,660 Company-operated and licensed stores. It operates through three segments: Americas, which includes the United States, Canada and Latin America; International, which includes China, Japan, Asia Pacific, Europe, the Middle East and Africa; and Channel Development. Americas and International operations sell coffee and other beverages, complementary food, packaged coffees, single-serve coffee products and a focused selection of merchandise through Company-operated stores and licensed stores. Channel Development segment is engaged in sale of packaged coffee, tea and ready-to-drink beverages to customers outside of its Company-operated and licensed stores. The Company also sells goods and services under various brands, including Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve and Princi.