Shares of Starbucks Corporation (SBUX) Exceed 52-Week High

July 14, 2021 10:24:34

Shares of Starbucks Corporation (NASDAQ:SBUX) traded at a new 52-week high today of $120.82. Approximately 331,000 shares have changed hands today, as compared to an average 30-day volume of 4.9 million shares.

Starbucks Corporation (NASDAQ:SBUX) is currently priced 11.3% above its average consensus analyst price target of $106.86.

Starbucks is one of the most widely recognized restaurant brands in the world, operating 32,900 stores across 83 countries as of March 2021. The firm operates in three segments: the Americas, international markets, and through retail channels via channel development. Starbucks primarily generates revenue from company-operated stores, with additional sales coming from royalties, sales of equipment and products to license partners, ready-to-drink beverages, fresh coffee, and single-serve coffee products.

Over the past year, Starbucks Corporation has traded in a range of $71.81 to $120.82 and is now at $120.54, 68% above that low.

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