Starbucks Stock Hits 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 $74.13, above its previous 52-week high of $73.73 with 1.7 million shares traded as of 12:11 p.m. ET. Average volume has been 4.6 million shares over the past 30 days.

Starbucks has a market cap of $53.57 billion and is part of the services sector and leisure industry. Shares are up 32.9% year to date as of the close of trading on Thursday.

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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. 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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