Starbucks Stock Hits New 52-Week High (SBUX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Starbucks Corporation (Nasdaq: SBUX) hit a new 52-week high Thursday as it is currently trading at $66.44, above its previous 52-week high of $66.31 with 180,166 shares traded as of 9:41 a.m. ET. Average volume has been 4.6 million shares over the past 30 days.

Starbucks has a market cap of $48.47 billion and is part of the services sector and leisure industry. Shares are up 22.7% year to date as of the close of trading on Wednesday.

Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores. The company has a P/E ratio of 32.9, 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, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Starbucks Ratings Report.

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