Starbucks Reaches New 52-Week High (SBUX)

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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TheStreet Ratings rates Starbucks as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Starbucks Ratings Report.

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