Starbucks Reaches New 52-Week High (SBUX)

NEW YORK ( TheStreet) -- Starbucks Corporation (Nasdaq: SBUX) hit a new 52-week high Monday as it is currently trading at $69.77, above its previous 52-week high of $69.72 with 263,633 shares traded as of 9:56 a.m. ET. Average volume has been 4.4 million shares over the past 30 days.

Starbucks has a market cap of $51.91 billion and is part of the services sector and leisure industry. Shares are up 29.3% year to date as of the close of trading on Friday.

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, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. 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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