Shares of Starbucks Corporation (NASDAQ:SBUX) traded today at $121.92, eclipsing its 52-week high. Approximately 331,000 shares have changed hands today, as compared to an average 30-day volume of 5.1 million shares.
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.
Based on a current price of $121.71, Starbucks Corporation is currently 10.1% above its average consensus analyst price target of $109.43.
In the past 52 weeks, shares of Starbucks Corporation have traded between a low of $74.56 and a high of $121.92 and is now at $121.71, which is 63% above that low price.
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