Starbucks (NASDAQ:SBUX) Fiscal Q1 Profit Hikes 13% on Sales Growth in America – SBUX, GMCR, CBOU, DNKN

The Seattle-based Starbucks Corporation (NASDAQ:SBUX) announced on Thursday that profit moved up 13% in its fiscal Q1, meeting analysts’ forecasts, as sales moved up in the Americas and plunged in Europe, the Middle East and Africa region.

Starbucks, the world’s biggest coffee-shop operator, reported in a statement that net income moved up to $432.2 million or 57 cents per share, from $382.1 million or 50 cents per share in similar period a year ago.

Bloomberg gathered data confirms that 27 analysts on average forecasted company to earn 57 cents per share.

Analysts expected a boost of 5.9% and a decline of 0.3%, respectively, as shown by the median forecasts of 24 analysts.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) rose +6.59% to settle at $43.78, Caribou Coffee Company, Inc. (NASDAQ:CBOU) moved down -0.06% to end at $15.99 while Dunkin Brands Group Inc (NASDAQ:DNKN) jumped +1.73% to finish at $36.45 on Thursday.

Starbucks Corporation (NASDAQ:SBUX) on Jan 24, 2013 increased +0.20% to the closing price of $54.57. The overall volume in the last trading session was 11.74 million shares. Its fifty two weeks range was $43.04 – $62.00. The total market capitalization remained at $40.58 million.

SBUX is ahead of its 52-week low with 27.83% and lagging behind from its 52-week high price with -11.00%. SBUX’s last month’s stock price volatility remained 1.53%. In its share capital SBUX has 743.60 million outstanding shares, among them 722.66 million shares have been floated in market exchange. SBUX’s stock’s institutional ownership remained 76.86% while insider ownership included 2.76%.

The stock price of SBUX is moving forward from its 20 days moving average with 0.11% and remote positively from 50 days moving average with 3.21%. SBUX’s current year’s earnings per share experienced an addition with 10.61% while its current quarter performance remained at 19.93%. Company’s beta coefficient included 1.18. Beta factors measure the amount of market risk associated with market trade.

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