Starbucks Corporation (NASDAQ:SBUX) traded at a new 52-week high today of $119.99. This new high was reached on below average trading volume as 331,000 shares traded hands, while the average 30-day volume is approximately 4.8 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.
Starbucks Corporation (NASDAQ:SBUX) defies analysts with a current price ($119.67) 10.7% above its average consensus price target of $106.86.
In the past 52 weeks, Starbucks Corporation share prices are bracketed by a low of $71.81 and a high of $119.99 and is now at $119.67, 67% above that low price.
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