Starbucks에 대한 매도 수량은 투자자에게 Starbucks의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Starbucks (NASDAQ:SBUX) 주식, 공매도 수량 보고

Starbucks

Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.

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Tech

SBUX

나이키(NYSE:NKE)는 대기업들 사이에서 유행이 된 일, 즉 임원을 CEO로 복귀시키는 일에 가장 최근에 참여한 회사이다. 나이키는 퇴임하는 CEO인 존 도나호(John Donahoe)를 대신할 새로운 CEO로 30년 동안 나이키에서 근무한 전 소비자 및 시장 부문 사장인 엘리엇 힐(Elliott Hill)을 임명했다고 목요일 발표했다.

나이키 임원, 최고 리더로의 복귀로 계속되는 주요 대기업들의 &#39;부메랑 CEO&#39; 트렌드

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이들 10개 대형주는 8월 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 어펌 홀딩스(NASDAQ:AFRM)의 주식은 8월에 66.58% 상승했다. 이는 강력한 4분기 실적과 긍정적인 1분기 가이던스를 발표한 후 발생한 일이다.

어펌, 쇼피파이 그리고 스타벅스는 8월 최고 성과를 보여준 10개 대형주 중 일부

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8월에는 주식 시장이 7월 중순 정점 이후 겪은 손실을 만회했으며, 이는 실적과 양호한 데이터가 반등에 도움이 되었다. 8월을 뒤로 보내면서 시장 성과를 더욱 폭넓게 측정하는 S&amp;P 500 지수의 상승주와 하락주를 살펴보겠다.

8월 S&amp;P 500의 상위 상승주와 하락주: 매그 7종목은 빠지고, 사이버 보안 2종목 포함

Starbucks Corp

STARBUCKS ORD

Investors with a lot of money to spend have taken a bullish stance on Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SBUX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Starbucks.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 12%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $26,650, and 7, calls, for a total amount of $435,875.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $100.0 for Starbucks during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Starbucks's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Starbucks's whale activity within a strike price range from $75.0 to $100.0 in the last 30 days. 
<h3>Starbucks Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728074755_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$7.8</td>
<td>$7.7</td>
<td>$7.75</td>
<td>$100.00</td>
<td>$155.0K</td>
<td>4.2K</td>
<td style="text-align: right;">203</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$8.15</td>
<td>$8.1</td>
<td>$8.15</td>
<td>$95.00</td>
<td>$86.3K</td>
<td>1.3K</td>
<td style="text-align: right;">126</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$2.83</td>
<td>$2.75</td>
<td>$2.75</td>
<td>$100.00</td>
<td>$50.6K</td>
<td>10.5K</td>
<td style="text-align: right;">213</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$17.45</td>
<td>$17.3</td>
<td>$17.38</td>
<td>$80.00</td>
<td>$43.5K</td>
<td>6.6K</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$21.1</td>
<td>$20.45</td>
<td>$21.04</td>
<td>$75.00</td>
<td>$42.0K</td>
<td>174</td>
<td style="text-align: right;">12</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
In light of the recent options history for Starbucks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Starbucks Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 5,418,853, with SBUX's price up by 1.13%, positioned at $96.64.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 27 days.</li>
</ul>
<h3>Expert Opinions on Starbucks</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $104.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Bernstein has elevated its stance to Outperform, setting a new price target at $115. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Starbucks, maintaining a target price of $105. 
&#x2A; An analyst from BMO Capital persists with their Outperform rating on Starbucks, maintaining a target price of $110. 
&#x2A; An analyst from Jefferies downgraded its action to Underperform with a price target of $76. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Starbucks with a target price of $118. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Starbucks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Check Out What Whales Are Doing With SBUX

Financial giants have made a conspicuous bullish move on Starbucks. Our analysis of options history for Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $1,603,569, and 3 were calls, valued at $96,080.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $105.0 for Starbucks, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Starbucks options trades today is 4275.2 with a total volume of 5,239.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Starbucks's big money trades within a strike price range of $85.0 to $105.0 over the last 30 days.
<h3>Starbucks Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727972432_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.15</td>
<td>$10.95</td>
<td>$11.0</td>
<td>$95.00</td>
<td>$1.1M</td>
<td>6.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.75</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$95.00</td>
<td>$210.5K</td>
<td>2.6K</td>
<td>468</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$98.00</td>
<td>$105.0K</td>
<td>565</td>
<td>1</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$1.98</td>
<td>$1.71</td>
<td>$1.8</td>
<td>$95.00</td>
<td>$44.9K</td>
<td>554</td>
<td>3</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.4</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$95.00</td>
<td>$40.5K</td>
<td>6.6K</td>
<td>102</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
Having examined the options trading patterns of Starbucks, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Starbucks</h3>
<ul>
<li>With a trading volume of 1,666,427, the price of SBUX is down by -0.63%, reaching $95.89.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 28 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Starbucks</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $103.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Bernstein has elevated its stance to Outperform, setting a new price target at $115. 
&#x2A; An analyst from Jefferies has revised its rating downward to Underperform, adjusting the price target to $76. 
&#x2A; An analyst from TD Cowen has revised its rating downward to Buy, adjusting the price target to $110. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Starbucks, targeting a price of $110. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Starbucks, maintaining a target price of $105. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Starbucks options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Starbucks Options Trading: A Deep Dive into Market Sentiment

Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) expanded its coffee innovation network by <a target="_blank" href="https://stories.starbucks.com/press/2024/starbucks-expands-global-effort-to-protect-future-of-coffee-with-two-new-coffee-farms/" rel="noreferrer noopener">adding farms in Guatemala and Costa Rica</a> with plans for future investments in Africa and Asia.
These efforts aim to boost coffee farming&#8217;s productivity, profitability, and climate resilience.
Starbucks, sourcing 3% of the world&#8217;s coffee, exclusively roasts Arabica beans. Rising temperatures, drought, and coffee leaf rust disease threaten coffee quality, availability, and farmers&#8217; livelihoods due to climate change.
At Hacienda Alsacia, Starbucks is taking action to address the effects of climate change, which is threatening the global supply of high-quality coffee.
Also Read: <a target="_blank" href="https://www.benzinga.com/startups/24/10/41144354/shaq-missed-a-deal-of-a-lifetime-with-starbucks-says-because-growing-up-hes-never-seen-a-black-perso" rel="noreferrer noopener">Shaq Missed A Deal Of A Lifetime With Starbucks – Says Because Growing Up He&#8217;s &#8216;Never Seen A Black person Drink Coffee&#8217;</a>
The new Costa Rica and Guatemala farms will research hybrid coffee varieties under various elevations and soil conditions, advancing genetic material studies. The Costa Rica farm near Hacienda Alsacia will also explore mechanization and drone technology to address labor shortages.
In Guatemala&#8217;s Antigua Valley, the farm will replicate smallholder farming, reflecting the current challenges many farmers face.
Starbucks plans future farm investments in Africa and Asia, creating a coffee innovation network across the Coffee Belt&#8217;s key regions: Latin America, Africa, and Asia Pacific. This network will study diverse cultures, landscapes, and growing methods impacting coffee flavor.
&#8220;Through these innovation farms, we will develop solutions that will not only improve coffee productivity and quality but also empower farmers with the tools and knowledge needed to thrive in a changing world and challenging climate,&#8221; said Roberto Vega, Starbucks vice president of Global Coffee Agronomy, R&amp;D and Sustainability.
Starbucks emphasized that this work is conducted on behalf of coffee farmers globally, with findings that can be applied to other industries and crops affected by climate change.
Price Action: SBUX shares are trading lower by 0.36% at $96.15 premarket at the last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40809142" target="_blank" rel="noreferrer noopener">Brian Niccol Outlines Vision To Reconnect Starbucks With Community Coffeehouse Roots On His 2nd Day As CEO</a></li>
</ul>

Equities

General

Starbucks Invests In Future-Proof Coffee: New Farms In Latin America And Beyond To Tackle Climate Challenges

Starbucks Expands Its Collaborative Coffee Innovation Network; Adds Two New Coffee Innovation Farms Located In Guatemala And Costa Rica With Future Farm Investments In Africa And Asia

<a href="https://www.benzinga.com/topic/shaquille-o-neal">Shaquille O'Neal</a> is known for his slam dunks on and off the court, but he passed on one major opportunity that still stings today – a deal with Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>). In a revealing <a href="https://www.youtube.com/watch?v=Mza5tTgh9hA&amp;t=2669s">interview</a>, Shaq shared why he turned down a chance to partner with the coffee giant, something Magic Johnson later jumped on and made millions from.
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Years ago, Starbucks CEO Howard Schultz approached Shaq with a business proposition. Schultz wanted to open Starbucks locations in underserved communities, specifically in the &#8220;hood,&#8221; and saw O&#8217;Neal as a perfect partner to make it happen. It seemed like a promising opportunity, but Shaq wasn't convinced.
"I could have been the first one to open up a Starbucks in the hood," Shaq said during an episode of <a href="https://www.youtube.com/watch?v=RXMpMHPgk7I">Drink Champs</a>. "But I was like, ‘That ain't gonna work in the hood.' I told him to his face."
<hr class="wp-block-separator has-alpha-channel-opacity" />
Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends <a href="https://www.benzinga.com/money/arrived-private-credit-fund" target="_blank" rel="noreferrer noopener">would you invest in it</a>?
<hr class="wp-block-separator has-alpha-channel-opacity" />
<h2 class="wp-block-heading">Why He Turned It Down</h2>
Shaq had reasons for saying no due to his growing-up experience. He didn't see coffee as a part of life in his community. In fact, his family never drank it.
"Growing up in my household, I'd never seen a Black person drink coffee," Shaq explained. "In my house, it was always sweet tea or hot chocolate. So, when Howard Schultz said he wanted to open up a Starbucks in the hood, I didn't think it would work."
Shaq added, "I ain't know nothing about gentrification and all the stuff they were doing at the time." He genuinely believed coffee wouldn't catch on in those neighborhoods.
Trending: Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market –<a href="https://www.benzinga.com/money/wolfpack"> here&#8217;s how to get equity in it with just $500</a>
<h2 class="wp-block-heading">Magic Johnson Steps In</h2>
While Shaq passed on the deal, Magic Johnson saw the potential and took it. In 1998, Johnson partnered with Starbucks to open over 100 locations in inner cities across the U.S. The move turned out to be a massive success for Magic financially and in terms of his reputation as a business owner.
Magic later said the deal "changed everything" for him, proving that investing in urban communities could drive real growth and return on investment.
Even though Johnson made millions from the deal, Shaq has no hard feelings about missing out. Looking back, he stands by his decision, based on his upbringing and what he thought would work best for his community.
Trending: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a>
"I was just trying to stay true to my roots 'cause nobody in my family drank coffee," he said.
Instead of focusing on what could have been, <a href="https://www.benzinga.com/news/24/09/40931123/shaquille-oneals-estimated-500m-portfolio-includes-a-big-bet-on-google-but-big-shamrock-made-a-criti">Shaq found other ways to give back</a>. He's now working to improve his hometown in Newark, New Jersey, through real estate development.
"I know what gentrification is now and I'm doing it," Shaq said, explaining how his real estate ventures are creating jobs and revitalizing the city.
See Also: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.
While Shaq missed out on the Starbucks fortune, his focus on uplifting his community hasn't wavered. He's showing that success isn't just about making money – it's about giving back and making a real difference. And for Shaq, that's what matters most.
&#8220;Me and my group, the Boraie group, were responsible for tearing down the projects and building condos … so we charge some people but let people do Section A. We giving people jobs, so we're beautifying the city."
Trending: Amid the ongoing EV revolution, previously overlooked low-income communities<a href="https://www.benzinga.com/money/dunamis-1"> now harbor a huge investment opportunity at just $500.</a>
So, while every Starbucks on every corner might remind him of the deal he passed up, Shaq's still proud of his choices – both in business and life.
Starbucks has <a href="https://www.benzinga.com/insights/news/24/09/41071778/100-invested-in-starbucks-20-years-ago-would-be-worth-this-much-today">performed better than the market over the last 20 years</a>, beating it by 2.7% annually and giving investors an average yearly return of 11.11%. The company is valued at $110.8 billion. When Starbucks named Brian Niccol as its new CEO in August of this year, <a href="https://www.benzinga.com/top-stories/24/08/40396716/starbucks-new-ceo-brian-niccol-boosts-company-valuation-by-over-15b-in-one-day-whats-his-net-worth">the stock surged by about 20%</a>, adding over $15 billion to its value.
If someone had invested $100 in Starbucks stock 20 years ago, it would now be worth $828.39.
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</ul>

Startups

Shaq Missed A Deal Of A Lifetime With Starbucks – Says Because Growing Up He's 'Never Seen A Black person Drink Coffee'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$252.50</td>
<td>$78.0K</td>
<td>3.7K</td>
<td>19.5K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$150.00</td>
<td>$101.3K</td>
<td>3.4K</td>
<td>7.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$142.00</td>
<td>$76.0K</td>
<td>1.3K</td>
<td>2.9K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$175.00</td>
<td>$45.7K</td>
<td>1.7K</td>
<td>2.2K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$205.00</td>
<td>$26.5K</td>
<td>7.3K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$27.50</td>
<td>$27.1K</td>
<td>10.1K</td>
<td>515</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$90.00</td>
<td>$35.8K</td>
<td>8.3K</td>
<td>454</td>
</tr>
<tr>
<td>UA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$39.0K</td>
<td>2.9K</td>
<td>301</td>
</tr>
<tr>
<td>LOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$265.00</td>
<td>$151.1K</td>
<td>640</td>
<td>221</td>
</tr>
<tr>
<td>SG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$35.00</td>
<td>$28.3K</td>
<td>2.0K</td>
<td>158</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 122 contract(s) at a $252.50 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $78.0K, with a price of $640.0 per contract. There were 3711 open contracts at this strike prior to today, and today 19562 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bullish sentiment. It expires in 472 day(s) on January 16, 2026. Parties traded 109 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $101.3K, with a price of $930.0 per contract. There were 3445 open contracts at this strike prior to today, and today 7028 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with bearish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 200 contract(s) at a $142.00 strike. The total cost received by the writing party (or parties) was $76.0K, with a price of $380.0 per contract. There were 1322 open contracts at this strike prior to today, and today 2989 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 127 contract(s) at a $175.00 strike. This particular call needed to be split into 67 different trades to become filled. The total cost received by the writing party (or parties) was $45.7K, with a price of $360.0 per contract. There were 1797 open contracts at this strike prior to today, and today 2251 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with neutral sentiment. It expires in 108 day(s) on January 17, 2025. Parties traded 47 contract(s) at a $205.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $565.0 per contract. There were 7380 open contracts at this strike prior to today, and today 1390 contract(s) were bought and sold. 
• Regarding CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we observe a call option trade with bearish sentiment. It expires in 108 day(s) on January 17, 2025. Parties traded 280 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $27.1K, with a price of $97.0 per contract. There were 10178 open contracts at this strike prior to today, and today 515 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a put option trade that happens to be bearish, expiring in 45 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $35.8K, with a price of $179.0 per contract. There were 8384 open contracts at this strike prior to today, and today 454 contract(s) were bought and sold. 
• For UA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>), we notice a call option sweep that happens to be bearish, expiring in 108 day(s) on January 17, 2025. This event was a transfer of 300 contract(s) at a $7.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $130.0 per contract. There were 2998 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
• Regarding LOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on October 4, 2024. Parties traded 195 contract(s) at a $265.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $151.1K, with a price of $775.0 per contract. There were 640 open contracts at this strike prior to today, and today 221 contract(s) were bought and sold. 
• For SG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on October 18, 2024. This event was a transfer of 126 contract(s) at a $35.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $225.0 per contract. There were 2014 open contracts at this strike prior to today, and today 158 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

BABA

CPNG

CVNA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Starbucks's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>) short percent of float has fallen 7.64% since its last report. The company recently reported that it has 28.72 million shares sold short, which is 2.54% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.69 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Starbucks Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727802025_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Starbucks has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Starbucks's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Starbucks's peer group average for short interest as a percentage of float is 11.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Starbucks?

JP Morgan analyst John Ivankoe maintains Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Overweight and raises the price target from $90 to $105.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on Starbucks, Raises Price Target to $105

Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is brewing excitement as a Golden Cross formation suggests a <a href="https://www.benzinga.com/topic/golden-cross">potential bullish run</a>.
The stock is up 6.84% over the past year, with a 3.94% gain year-to-date.
Jim Cramer recently put the spotlight on Starbucks, naming it one of his top &#8220;stimulus plays&#8221; in the wake of China&#8217;s renewed economic efforts, alongside heavyweights like Alibaba Group Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In a Sept. 30 tweet, the &#8220;Mad Money&#8221; host said:
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back in action after some nice time off and i see that the Chinese are, once again, stimulating and everyone&#39;s back&#8230; Perfect&#8230;.Sorry to be so cynical. But if you want stimulus plays: BABA, AAPL and SBUX will do
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1840670203350270232?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cramer's call comes at a pivotal moment for Starbucks. The coffee giant faces headwinds in its second-largest market, China. Last quarter, Starbucks saw a 14% drop in same-store sales in China. The U.S. market experienced a more modest 2% decline.
Read Also: <a href="https://www.zacks.com/stock/news/2342528/is-starbucks-stock-a-buy-sell-or-retain-at-24-79x-p-e?cid=CS-BENZ-FT-analyst_blog&#x7C;most_popular_stocks-2342528">Is Starbucks Stock a Buy, Sell or Retain at 24.79x P/E?</a>
Despite these challenges, the technicals suggest Starbucks stock is gearing up for a strong push forward. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM.png" alt="" class="wp-image-572328" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Golden Cross — a key technical indicator where the 50-day moving average crosses above the 200-day moving average— signals that bullish momentum is taking hold.
With the current share price at $97.36, Starbucks stock remains well above its 50-day SMA of $88.43 and 200-day SMA of $87.26, reinforcing the bullish signal.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM.png" alt="" class="wp-image-572330" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Additionally, Starbucks stock is trading above its shorter-term moving averages, with its eight-day SMA at $96.18 and its 20-day SMA at $95.33, both of which are also bullish signals. This alignment of moving averages shows that Starbucks stock has maintained consistent upward momentum, even amid some broader market volatility.
While Starbucks continues to navigate its union negotiations in the U.S., CEO Brian Niccol has signaled a new era of constructive dialogue, which could further stabilize the company's U.S. operations. 
Investors are keen to see if Cramer's endorsement and the Golden Cross can help fuel the stock's next move higher. 
As the coffee retailer navigates both economic pressures and labor relations, the technicals suggest the stock is well-positioned for a breakout.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/space/24/09/41008140/intuitive-machines-rockets-240-year-to-date-forms-golden-cross-after-4-8b-nasa-contract">Intuitive Machines Rockets 240% Year-To-Date, Forms Golden Cross After $4.8B NASA Contract</a></li>
</ul>
Image: Shutterstock

Technicals

Restaurants

Signals

AAPL

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

Jim Cramer Calls Starbucks A 'Stimulus Play': Golden Cross Signals Bullish Run Ahead

China has gone all out to stimulate the domestic economy and a slew of measures the government and the central bank proposed has kickstarted a<a href="https://www.benzinga.com/markets/asia/24/09/41084907/japans-nikkei-plummets-over-2-000-points-amid-change-of-guard-while-chinese-market-extends-stimulus"> strong rally in the domestic stock market.</a> CNBC Mad Money host Jim Cramer weighed in on the development and recommended a few stocks that could be potential beneficiaries.
What Happened: &#8220;The Chinese are, once again, stimulating and everyone&#8217;s back,&#8221; said Cramer in a post on X, formerly Twitter. He also recommended Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) and Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) for those looking for stimulus plays.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back in action after some nice time off and i see that the Chinese are, once again, stimulating and everyone&#39;s back&#8230; Perfect&#8230;.Sorry to be so cynical. But if you want stimulus plays: BABA, AAPL and SBUX will do
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1840670203350270232?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In a separate post, Cramer said he would love for China to set up a stock stabilization fund and use it to cushion any downside in stocks.
On Monday, the Chinese Shanghai Composite Index settled 8.06% higher 3,336.50 after Caixin manufacturing and services sector purchasing managers&#8217; indices disappointed to the downside. The index has gained nearly 22% since Sept. 20 and is up about a little over 12% for the year.
The People&#8217;s Bank of China announced last week it will in the near future cut the reserve requirement ratio, which is the amount of cash banks must hold as reserves, by 50 basis points freeing up about 1 trillion yuan ($142 billion) for new lending, Reuters reported.
The central bank hinted at the possibility of reducing it by an incremental 0.25-0.50% points. The PBoC also said it would lower the seven-day repo rate by 0.2 points, the interest rate on a medium-term lending facility by about 30 basis points and loan prime rates by 20-25 basis points.
See Also: <a href="https://www.benzinga.com/money/best-chinese-stocks">Best Chinese Stocks</a>
Why It&#8217;s Important: For Apple, China is a key market both from the perspective of supply and demand. Cupertino counts China as its major manufacturing base despite its efforts to diversify its production base. China is also a key market for the company&#8217;s consumer electronics products, specifically its iPhone, and its services business. Of late, <a href="https://www.benzinga.com/news/24/09/40823119/china-is-eating-apples-lunch-where-smartphone-maker-ranks-vs-asian-competitors">Apple has been stymied by domestic competition </a>that is flooding the market with cheaper smartphones. Huawei has re-emerged as a key rival for Apple in the Chinese smartphone market.
Coffee chain retailer Starbucks has a strong presence in China. The weakening of economic fundamentals in China has impacted the company&#8217;s sales in recent quarters. In the June quarter, Starbucks&#8217; same-store sales in China fell 14% compared to a more modest 2% drop in the U.S.
Alibaba&#8217;s fortunes are closely tied to the Chinese economy as it generates the bulk of its e-commerce sales from China.
Apart from Cramer&#8217;s recommendation, a Chinese economic revival may also bode well for commodity and energy stocks and those multinational corporations have a big presence in the country such as Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
The iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) rallied 3.35% to $52.70 in premarket trading on Monday, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
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<li><a href="https://www.benzinga.com/opinion/24/09/41053956/a-win-either-way-trade-on-chinas-new-stimulus-package">A &#8220;Win-Either-Way&#8221; Trade On China&#8217;s New Stimulus Package</a></li>
</ul>
Photo by s_bukley on Shutterstock

MCHI

Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy

Nike Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) marked this week with news of longtime executive Elliott Hill&rsquo;s triumphant return as the new CEO. Putting its global brand recognition aside, Nike&nbsp;has had its fair share of struggles over the past few years.&nbsp;Executive chairman Mark Parker alluded to the need for changing course, stating that Elliott&rsquo;s global expertise, leadership style, and deep understanding of the company&rsquo;s doings, paired with his passion for sport, Nike brands, products, consumers, athletes, and employees, make him the right person to unlock the next stage of growth.&nbsp;
<h3>Nike Needs To Return To Stock Market Glory</h3>
Nike&nbsp;has spent decades building one of the most recognizable brands&nbsp;and worked its way to a market capitalization of over $130 billion.&nbsp;But at one&nbsp;point in time,&nbsp;its market cap was over $280 billion.&nbsp;During the fiscal 2024 that ended on May 31st, Nike&rsquo;s struggles got worse. While the running shoes trend sprinted, Nike stagnated. Fourth-quarter sales dropped 2% YoY with Nike Direct sales contracting 7%, digital sales dropping 10%, while wholesale was a rare bright spot with 8% growth. Gains in performance products that increased in double digits were more than erased by struggles of the lifestyle business. For the current fiscal 2025, Nike guided for&nbsp;low-single-digit drop in revenue, while expecting a high single digit drop during the first half of the fiscal year. Nike&rsquo;s shift towards direct channels backfired, with too much reliance on those channels and losing touch with what its consumers really want being among its main issues.&nbsp;
<h3>The Iconic Sneaker And Sport Apparel Brand Needs To Get Back In Shape</h3>
Hill left the sporting apparel giant in 2020, but as&nbsp;a longtime Nike veteran, he&rsquo;s inspiring confidence in his ability to get Nike back in shape. Like the coffee giant, Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>), Nike took a chance on an outsider CEO with tech experience, hoping to raise their game. Starbucks got Kevin Johnson who had experience with no other than the tech titan, Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>). Nike hoped that it will change the game with John Donahoe who brought his eBay Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) know-how. But Nike admitted its mistake by changing course and going back to a CEO who knows the company inside and out. As of October 14th,&nbsp;Hill&nbsp;will have a shot at mending Nike&rsquo;s missteps and putting an end to its struggles.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Sports

EBAY

MSFT

Nike Goes Back To Its Roots In Hopes Of Getting Back In Shape

Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) has outperformed the market over the past 20 years by 2.7% on an annualized basis producing an average annual return of 11.11%. Currently, Starbucks has a market capitalization of $110.80 billion. 
Buying $100 In SBUX: If an investor had bought $100 of SBUX stock 20 years ago, it would be worth $828.39 today based on a price of $97.78 for SBUX at the time of writing.
<h3>Starbucks's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727456446_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Starbucks 20 Years Ago Would Be Worth This Much Today

Starbucks Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) stock is trading just below the Zacks Restaurant industry.&nbsp; With a forward 12-month Price/Earnings ratio of 24.79x, it sits marginally below the industry average of 24.97x. Despite this, SBUX remains priced higher than the broader Retail-Wholesale sector, which stands at 23.96x and the S&amp;P 500, which averages 21.86x.
In the past three months, Starbucks&#39; shares have surged 25.2% compared with the restaurant industry&#39;s 10.9% rise and the S&amp;P 500&#39;s 4.7% rise. Even among the top industry players, SBUX stands tall, outperforming McDonald&#39;s Corporation, which rose 19.2%, and leaving Chipotle Mexican Grill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>), down 7.3%, and Yum! Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yum#NYSE">YUM</a>), up 4.2%, in the rearview.
<h2>Stock Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/79503.jpg?v=1442114200" />
Image Source: Zacks Investment Research
Technical indicators suggest continued strong performance for SBUX. The stock trades above its 50 and 200-day moving averages, signaling robust upward momentum and price stability. This technical strength underscores positive market sentiment and confidence in SBUX&#39;s financial health and prospects.
<h2>50 &amp; 200-Day Moving Averages</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/07/79504.jpg?v=664760601" />
Image Source: Zacks Investment Research
<h2>Brian Niccol&#39;s Leadership: A Game Changer for SBUX</h2>
Starbucks&#39; recent stock rally can largely be attributed to the appointment of Brian Niccol as its new CEO, succeeding Laxman Narasimhan. Niccol, known for his successful leadership at Chipotle, where he guided the company through a significant turnaround and drove strong same-store sales growth, brings a wealth of experience to Starbucks.
His expertise in leveraging technology, automation and customer engagement is a perfect fit for Starbucks&#39; evolving needs. Niccol&#39;s strategic focus on efficiency and customer experience is expected to streamline operations and elevate the customer journey, which is crucial for managing Starbucks&#39; expansive and intricate menu offerings.
<h2>Expansion Efforts to Aid SBUX</h2>
The company is continuously focusing on expansion to drive growth. In the fiscal 2020, 2021, 2022 and 2023, the company added 1,400, 1,173, 1,120 and 2,327 net new stores, respectively. During the first-, second- and third-quarter fiscal 2024, the company opened 549, 364 and 526 net new stores. This brings the total global store count to 39,477 as of June 30, 2024, with 52% company-operated and 48% licensed stores. For the fiscal 2024, management projects global store growth to be approximately 6%.
Starbucks&#39; focus on operational excellence, backed by a reinvention plan, resulted in significant improvements. During the fiscal third quarter, out-of-the-window times have improved year over year, customer contact center calls for long order times have been reduced (by nearly 50%) and Mobile Order &amp; Pay and delivery uptime rates have reached 99%. These indicators reflect efforts to enhance customer wait times, product availability and the overall customer experience.
<h2>Menu Innovation Aids SBUX</h2>
In the third quarter, the company experienced a boost in store traffic due to a strong and innovative lineup of products and effective marketing strategies. Their share of cold beverages inched up 1% year over year, accounting for 76% of their beverage sales for the quarter. Customers responded positively to the new Summer-Berry Starbucks Refreshers with Pearls and the revamped iced coffee. Additionally, cold espresso products saw 4% growth year over year.
Building on its successes from the second quarter, SBUX is continuing to expand its product pipeline over the next two years while speeding up innovation. Acknowledging the rising popularity of energy drinks, they introduced new handcrafted iced energy beverages in U.S. locations.
Looking ahead to the fourth quarter, the company anticipates that its product offerings, including the highly-anticipated return of pumpkin spice and targeted marketing efforts, will attract more customers and enhance engagement with new and loyal patrons.
<h2>Comps and Margin Pressure Hurts SBUX</h2>
Starbucks is struggling with a slower recovery in China, facing fierce competition from value-oriented rivals. Global comparable store sales fell 3% in third-quarter fiscal 2024 year over year, driven by a 5% decline in transactions, despite a 2% rise in average ticket size. North America and International sales also decreased by 2% and 7%, respectively, due to cautious consumer spending. The company expects these challenges to persist, forecasting low single-digit declines to flat growth for global and U.S. comps in 2024, with China&#39;s comps projected to drop 12%.
Starbucks&#39; adjusted operating margin declined to 16.7% in third-quarter fiscal 2024, down 70 basis points from the previous year&#39;s tally, primarily due to rising costs from employee investments and promotional activities. However, some losses were offset by pricing strategies and better store efficiencies.
<h2>End Notes</h2>
The Zacks Rank #3 (Hold) company, trading slightly below the restaurant industry&#39;s average, though it remains higher than broader sectors. The stock&#39;s impressive gain in the past three months, outpacing competitors is bolstered by strong technical indicators, as it trades above its 50 and 200-day moving averages. This momentum is attributed to the new CEO, Brian Niccol, whose focus on efficiency and customer engagement is expected to elevate operations.
Its product innovations, particularly in cold beverages, have driven traffic, but challenges remain, including margin pressure and slow recovery in China, affecting global comparable store sales. Despite these headwinds, Starbucks&#39; reinvention plan and operational improvements offer potential, though margins remain under strain from rising costs.
For long-term investors confident in Starbucks&#39; ability to overcome its current challenges and sustain growth, the stock may present a solid value opportunity. However, new investors might want to hold off until there are more evident signs of recovery, especially in the international market, before committing.
<a href="https://www.zacks.com/stock/news/2342528/is-starbucks-stock-a-buy-sell-or-retain-at-24-79x-p-e?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2342528">To read this article on Zacks.com click here.</a>

Earnings

Offerings

Retail Sales

Management

Is Starbucks Stock a Buy, Sell or Retain at 24.79x P/E?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$255.00</td>
<td>$31.8K</td>
<td>17.3K</td>
<td>64.6K</td>
</tr>
<tr>
<td>NCLH</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$19.50</td>
<td>$26.4K</td>
<td>8.2K</td>
<td>8.5K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$105.00</td>
<td>$27.2K</td>
<td>9.8K</td>
<td>4.7K</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$72.0K</td>
<td>5.9K</td>
<td>3.4K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$185.00</td>
<td>$48.6K</td>
<td>10.4K</td>
<td>1.8K</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$26.00</td>
<td>$64.0K</td>
<td>214</td>
<td>1.4K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$130.00</td>
<td>$90.0K</td>
<td>755</td>
<td>1.0K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$33.00</td>
<td>$27.4K</td>
<td>192</td>
<td>237</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$41.8K</td>
<td>4.4K</td>
<td>175</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$175.00</td>
<td>$96.7K</td>
<td>163</td>
<td>142</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on September 27, 2024. This event was a transfer of 163 contract(s) at a $255.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $31.8K, with a price of $195.0 per contract. There were 17382 open contracts at this strike prior to today, and today 64692 contract(s) were bought and sold. 
• For NCLH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), we notice a put option trade that happens to be neutral, expiring in 8 day(s) on October 4, 2024. This event was a transfer of 2200 contract(s) at a $19.50 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $12.0 per contract. There were 8278 open contracts at this strike prior to today, and today 8532 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with bearish sentiment. It expires in 85 day(s) on December 20, 2024. Parties traded 33 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $827.0 per contract. There were 9850 open contracts at this strike prior to today, and today 4779 contract(s) were bought and sold. 
• For WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we notice a call option trade that happens to be bullish, expiring in 22 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $72.0K, with a price of $360.0 per contract. There were 5947 open contracts at this strike prior to today, and today 3423 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option sweep with bullish sentiment. It expires in 22 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $185.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $243.0 per contract. There were 10450 open contracts at this strike prior to today, and today 1868 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a call option trade that happens to be bullish, expiring in 50 day(s) on November 15, 2024. This event was a transfer of 305 contract(s) at a $26.00 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $210.0 per contract. There were 214 open contracts at this strike prior to today, and today 1454 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bearish sentiment. It expires in 29 day(s) on October 25, 2024. Parties traded 150 contract(s) at a $130.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $600.0 per contract. There were 755 open contracts at this strike prior to today, and today 1091 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on November 1, 2024. Parties traded 51 contract(s) at a $33.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $538.0 per contract. There were 192 open contracts at this strike prior to today, and today 237 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bullish sentiment. It expires in 85 day(s) on December 20, 2024. Parties traded 95 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $41.8K, with a price of $440.0 per contract. There were 4481 open contracts at this strike prior to today, and today 175 contract(s) were bought and sold. 
• Regarding CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we observe a call option trade with bullish sentiment. It expires in 176 day(s) on March 21, 2025. Parties traded 118 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $96.7K, with a price of $820.0 per contract. There were 163 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CROX

NCLH

WYNN

10 Consumer Discretionary Stocks Whale Activity In Today's Session

WIIM

Starbucks shares are trading higher after Bernstein upgraded the stock from Market Perform to Outperform and raised its price target from $92 to $115.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Bernstein raised the price target for Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from $92 to $115. Bernstein analyst Danilo Gargiulo upgraded the stock from Market Perform to Outperform. Starbucks shares rose 1.2% to close at $95.62 on Wednesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities increased the price target for Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) from $550 to $635. JMP Securities analyst Andrew Boone maintained a Market Outperform rating. Meta shares gained 0.9% to close at $568.31 on Wednesday. <a href="https://www.benzinga.com/quote/META/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc raised Crocs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NYSE">CROX</a>) price target from $149 to $155. Keybanc analyst Ashley Owens maintained an Overweight rating. Crocs shares fell 1.2% to close at $143.04 on Wednesday. <a href="https://www.benzinga.com/quote/CROX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) price target from $280 to $320. Baird analyst David Tarantino maintained an Outperform rating. McDonald&#8217;s shares rose 0.1% to close at $300.47 on Wednesday. <a href="https://www.benzinga.com/quote/MCD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) price target from $194 to $209. Baird analyst Andrew Wittmann maintained a Neutral rating. Cintas shares gained 1.2% to close at $207.21 on Wednesday. <a href="https://www.benzinga.com/quote/CTAS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc raised the price target for On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) from $47 to $60. Keybanc analyst Ashley Owens maintained an Overweight rating. On Holding fell 0.7% to close at $50.20 on Wednesday. <a href="https://www.benzinga.com/quote/ONON/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised Lightspeed Commerce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSPD#NYSE">LSPD</a>) price target from $18 to $20. BMO Capital analyst Thanos Moschopoulos maintained an Outperform rating. Lightspeed Commerce shares jumped 12.9% to close at $15.68 on Wednesday. <a href="https://www.benzinga.com/quote/LSPD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised the price target for Ecolab Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) from $270 to $305. Piper Sandler analyst Charles Neivert maintained an Overweight rating. Ecolab shares gained 0.2% to close at $254.82 on Wednesday. <a href="https://www.benzinga.com/quote/ECL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised Flutter Entertainment plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) price target from $255 to $265. Benchmark analyst Mike Hickey maintained a Buy rating. Flutter Entertainment shares gained 5.1% to close at $239.86 on Wednesday. <a href="https://www.benzinga.com/quote/FLUT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs increased State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) price target from $98 to $100. Goldman Sachs analyst Alexander Blostein maintained a Buy rating. State Street shares fell 0.5% to close at $88.50 on Wednesday. <a href="https://www.benzinga.com/quote/STT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying META stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="514" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26084433/image-213-1024x514.png" alt="" class="wp-image-567631" style="width:586px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26084433/image-213-1024x514.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26084433/image-213-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26084433/image-213-768x386.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26084433/image-213.png 1316w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

CTAS

FLUT

LSPD

ONON

Meta To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Thursday

Bernstein analyst Danilo Gargiulo upgrades Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Market Perform to Outperform and raises the price target from $92 to $115.

Upgrades

Bernstein Upgrades Starbucks to Outperform, Raises Price Target to $115

Kevin Merritt, the research director at Wedbush Securities,<a href="https://www.benzinga.com/premarket-prep"> joined Benzinga's PreMarket Prep Wednesday </a>and highlighted the firm's top bank picks, opportunities in beaten-down names and more. Merritt also spoke about the adoption of AI, and which companies will benefit from the technology in the medium to long term. Merritt pointed out that despite the rally in large-cap techs largely driven by AI, it's a "mixed bag" in regards to which companies are the winners and losers of machine learning. 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Slow And Steady &#x7C; PreMarket Prep" width="500" height="281" src="https://www.youtube.com/embed/qvFe8gmisfo?start=1782&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
"I do think there's going to be a fairly heated debate about who else benefits or loses… IT services right now is quite a mixed bag," Merritt said. "The likes of Accenture has had some tough quarters over the last year… quite a bit of debate about cannibalization vs opportunity." Merritt highlighted Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) as a company that has already capitalized on AI growth, while others, like Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), are expected to take longer to realize revenue gains from AI adoption. But, Merritt said that as more corporations adopt AI, IT and tech consulting companies like Accenture should benefit in the long term. Read Also: <a href="https://www.benzinga.com/general/entertainment/24/09/41024168/bill-gates-uses-chatgpt-daily-microsoft-founder-shares-what-he-loves-most-about-ai-chatbot">Bill Gates Uses ChatGPT Daily: Microsoft Founder Shares What He Loves Most About AI Chatbot</a> Outside of tech and AI, Merritt pointed to the regional banking sector as one to watch. He said that Wedbush has recently become more bullish on the sector as economic conditions stabilize as the Fed cuts interest rates. "We have been quite cautious on the regional and mid-cap bank group for the past couple of years and we just recently in the past couple of months turned to a more balanced, neutral sector view,&#8221; Merritt said. &#8220;And the thought being that to the extent the economy is able to hang in there, credit metrics don't exhibit too much deterioration, and you see rates move in a more favorable direction, it's appropriate to have a more balanced stance." Merritt highlighted Western Alliance Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) as a name that Wedbush analysts recently selected for the firm's "Best Ideas" list. Merritt also mentioned Comerica Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) as a regional bank that Wedbush upgraded. Keep Reading: <a href="https://www.benzinga.com/markets/equities/24/08/40581306/can-regional-banks-outperform-large-institutions-as-fed-rate-cuts-loom-small-banks-are-plenty-ch">Can Regional Banks Outperform Large Institutions As Fed Rate Cuts Loom? &#8216;Small Banks Are Plenty Cheap,&#8217; But… </a> Merritt and the PreMarket Prep hosts also talked about some beaten-down retail investor favorites like Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) and Celsius Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>). Merritt said that he believes newly-appointed Starbucks CEO Brian Niccol will have a &#8220;heavy lift&#8221; to turn the story around, but that there could be "strategic value" in Celsius's stock. 
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Image created using artificial intelligence via Midjourney.

Exclusives

Interview

CELH

PLTR

AI's Uneven Growth, Regional Bank Picks, And Beaten-Down Retail Stocks In Focus As Wedbush Analyst Shares Insights

Investors with a lot of money to spend have taken a bearish stance on Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SBUX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Starbucks.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $262,675, and 3 are calls, for a total amount of $942,883.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $105.0 for Starbucks, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Starbucks's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Starbucks's whale activity within a strike price range from $95.0 to $105.0 in the last 30 days. 
<h3>Starbucks 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727284535_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.85</td>
<td>$5.75</td>
<td>$5.75</td>
<td>$100.00</td>
<td>$862.5K</td>
<td>3.3K</td>
<td>1.5K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$15.95</td>
<td>$15.5</td>
<td>$15.5</td>
<td>$105.00</td>
<td>$79.0K</td>
<td>60</td>
<td>111</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.65</td>
<td>$4.15</td>
<td>$4.5</td>
<td>$95.00</td>
<td>$70.2K</td>
<td>5.2K</td>
<td>158</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$15.6</td>
<td>$15.45</td>
<td>$15.45</td>
<td>$105.00</td>
<td>$54.0K</td>
<td>60</td>
<td>1</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.3</td>
<td>$5.25</td>
<td>$5.3</td>
<td>$97.50</td>
<td>$40.2K</td>
<td>3.4K</td>
<td>96</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
After a thorough review of the options trading surrounding Starbucks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Starbucks</h3>
<ul>
<li>With a trading volume of 2,705,072, the price of SBUX is up by 1.06%, reaching $95.45.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 36 days from now.</li>
</ul>
<h3>Expert Opinions on Starbucks</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $104.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Jefferies downgraded its rating to Underperform, setting a price target of $76. 
&#x2A; Reflecting concerns, an analyst from TD Cowen lowers its rating to Buy with a new price target of $110. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Starbucks with a target price of $110. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Starbucks, maintaining a target price of $118. 
&#x2A; Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Starbucks with a target price of $110. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Starbucks options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Starbucks Unusual Options Activity

<a href="https://www.cnbc.com/2024/09/25/new-starbucks-ceo-brian-niccol-commits-to-working-with-union.html#:~:text=Restaurants-,New%20Starbucks%20CEO%20Brian%20Niccol%20commits%20to,union%20as%20talks%20move%20forward&amp;text=Starbucks%20CEO%20Brian%20Niccol%20said,bargaining%20agreements%20for%20unionized%20cafes.">https://www.cnbc.com/2024/09/25/new-starbucks-ceo-brian-niccol-commits-to-working-with-union.html#:~:text=Restaurants-,New%20Starbucks%20CEO%20Brian%20Niccol%20commits%20to,union%20as%20talks%20move%20forward&amp;text=Starbucks%20CEO%20Brian%20Niccol%20said,bargaining%20agreements%20for%20unionized%20cafes.</a>
&nbsp;
<ul>
<li>Starbucks CEO Brian Niccol said he respects the rights of the coffee chain's baristas to unionize.</li>
<li>Starbucks and Workers United are negotiating a framework for collective bargaining agreements for unionized cafes.</li>
<li>Today, Workers United represents more than 490 of Starbucks' U.S. cafes and over 10,500 of its employees.</li>
</ul>
<a href="https://www.cnbc.com/quotes/SBUX/">Starbucks</a> CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the two sides work to craft a labor deal.
"I deeply respect the right of partners to choose, through a fair and democratic process, to be represented by a union," Niccol wrote on Tuesday in a letter to the union obtained by CNBC. "If our partners choose to be represented, I am committed to making sure we engage constructively and in good faith with the union and the partners it represents."
&nbsp;
He was responding to a <a href="https://sbworkersunited.org/letter-to-starbucks-ceo-from-bargaining-delegates-our-mutual-commitment-to-the-future/">letter from the Starbucks Workers United</a> bargaining delegation sent a day earlier, ahead of another bargaining session between Starbucks and the union. The two sides are negotiating a framework that would be the basis for collective bargaining agreements between individual stores and the company. The union is pushing for fair scheduling, living wages and racial and gender equity, the delegation said in its letter.
"We know that many of your dedicated customers – as well as future generations of customers – have a vested interest in the outcome of our negotiations and reaching a foundational agreement," the group wrote in its letter to Niccol.
Three years ago, Starbucks baristas started unionizing under Workers United, an affiliate of the Service Employees International Union. For two and a half years, the coffee giant tried to curb the union push, leading to battles that played out in headlines, social media and courts.
But the turning point for both parties came six months ago when they <a href="https://www.cnbc.com/2024/02/27/starbucks-and-workers-united-union-agree-to-framework-for-talks.html">agreed to work</a> together on a path forward after mediation to resolve lawsuits sparked by the union's posts on social media.
Niccol joined Starbucks several weeks ago, making him a newcomer to the union discussions. In his previous role as CEO of <a href="https://www.cnbc.com/quotes/CMG/">Chipotle Mexican Grill</a>, only one location, in Lansing, Michigan, <a href="https://www.cnbc.com/2022/08/25/chipotle-restaurant-in-michigan-votes-to-unionize-in-a-first-for-the-chain.html">successfully unionized</a>. Last year, the burrito chain <a href="https://www.cnbc.com/2023/03/27/chipotle-to-pay-ex-employees-closing-location-union.html">agreed to pay</a> former employees of an Augusta, Maine, location $240,000 as part of a settlement for closing the restaurant when workers tried to unionize. Chipotle denied any wrongdoing.
Today, Workers United represents more than 490 of Starbucks' U.S. cafes and over 10,500 of its employees. The company has more than 16,700 locations in the U.S., more than half of which are owned by the company.

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