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 $67.72, above its previous 52-week high of $67.68 with 2.6 million shares traded as of 4 p.m. ET. Average volume has been 4.5 million shares over the past 30 days.

Starbucks has a market cap of $50.01 billion and is part of the services sector and leisure industry. Shares are up 25.5% 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.

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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, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. 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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