NEW YORK ( TheStreet) -- Starbucks Corporation (Nasdaq: SBUX) hit a new 52-week high Wednesday as it is currently trading at $57.22, above its previous 52-week high of $57.17 with 3.3 million shares traded as of 11:55 a.m. ET. Average volume has been 5.6 million shares over the past 30 days. Starbucks has a market cap of $35.52 billion and is part of the services sector and leisure industry. Shares are up 23.7% year to date as of the close of trading on Tuesday. Starbucks Corporation purchases and roasts whole bean coffees. It operates 6,705 company-operated stores and 4,082 licensed stores in the United States; and 2,326 company-operated stores and 3,890 licensed stores in Canada, the U.K., China, Germany, Thailand, and internationally. The company has a P/E ratio of 33.9, above the average leisure industry P/E ratio of 29.4 and above the S&P 500 P/E ratio of 17.7.
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