NEW YORK ( TheStreet) -- Starbucks Corporation (Nasdaq: SBUX) hit a new 52-week high Friday as it is currently trading at $42.01, above its previous 52-week high of $42 with 3.6 million shares traded as of 3:10 p.m. ET. Average volume has been 8.8 million shares over the past 30 days. Starbucks has a market cap of $31 billion and is part of the services sector and leisure industry. Shares are up 27.9% year to date as of the close of trading on Thursday. Starbucks Corporation purchases and roasts whole bean coffees. It operates approximately 16,858 stores, including 8,833 company-operated stores and 8,025 licensed stores. The company offers approximately 30 blends and single-origin premium arabica coffees. The company has a P/E ratio of 27.3, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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