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NEW YORK ( TheStreet) -- Peet's Coffee & Tea (Nasdaq: PEET) hit a new 52-week high Friday as it is currently trading at $65.11, above its previous 52-week high of $65 with 59,727 shares traded as of 10 a.m. ET. Average volume has been 133,900 shares over the past 30 days. Peet's Coffee & Tea has a market cap of $762 million and is part of the consumer goods sector and food & beverage industry. Shares are down 0.9% year to date as of the close of trading on Thursday. Peet's Coffee & Tea, Inc. operates as a specialty coffee roaster and marketer of fresh roasted whole bean coffee and tea in the United States. It offers whole bean coffee and related products consisting of products for home brewing, tea, and packaged foods; and beverages and pastries. The company has a P/E ratio of 45.7, above the average food & beverage industry P/E ratio of 43 and above the S&P 500 P/E ratio of 17.7.