NEW YORK (TheStreet) -- In an attempt to boost afternoon sales, Starbucks Corp. (SBUX) has announced a new line of "Fizzio Handcrafted Soda" beverages which will be available to customers at 3,000 locations beginning Tuesday.
The company, popular for its line of bold coffee flavors, will offer three handmade soda choices- spiced root beer, Golden Ginger Ale, and Lemon Ale.
Prices will start at about $2.45 for a "tall" (small) Fizzio, the Detroit Free Press reports.
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Shares of Starbucks are down -0.40% to $76.29 in early trading on Monday morning.
Separately, TheStreet Ratings team rates STARBUCKS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate STARBUCKS CORP (SBUX) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."