Starbucks Corporation (SBUX · NASDAQ)

Starbucks shares have rebounded 7.5% over the past five days to $97.52, though the stock remains 5.0% lower over three months and 10.1% below its 52-week high, with fiscal Q4 and full-year results due after the close on October 29. The company beat estimates in its two most recent quarters, including fiscal Q3 EPS of $0.85 versus $0.66 expected, while trailing revenue slipped 1.4% year over year to $38.34B. Valuation remains rich at a 56.37 P/E and 23.8x EV/EBITDA against a 12.9% operating margin, and the balance sheet carries $22.43B in total debt at 4.0x EBITDA with a 0.76 current ratio. BTIG recently reiterated its Buy rating and $115 price target ahead of the print.