The Seattle-based Starbucks Corporation (NASDAQ:SBUX) is looking to present an extra tempting menu, with a $100 million cash agreement to acquire a small bakery chain.
The coffee shop chain mentions baked goods from La Boulange would start substituting its present arrangement early next year, starting with French pastries like the croissant. Products would start showing in Bay Area stores first then even out countrywide.
Also, Starbucks reports it aims to transform the San Francisco-region bakery into a national presence in the years ahead.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Peet’s Coffee & Tea, Inc (NASDAQ:PEET) increased +2.67% to settle at $58.04, Green Mountain Coffee Roasters Inc (NASDAQ:GMCR) moved up +3.83% to end at $12.21 while Dunkin Brands Group Inc (NASDAQ:DNKN) increased +1.50% to finish on Monday at $31.75.
Starbucks Corporation (NASDAQ:SBUX) on June 04, 2012 it increased +3.36% to the closing price of $53.90. The overall volume in the last trading session was 12.26 million shares. Its fifty two week range was $33.72-$62.00. The total market capitalization remained $40.88 billion.
SBUX is ahead its 52 week low with +61.55% and lagging behind from its 52 week high price with -12.80%. SBUX last month stock price volatility remained 2.67%. In its share capital SBUX has 758.50 million outstanding shares among them 737.87 million shares have been floated in market exchange. SBUX stock institutional ownership remained 78.09% while insider ownership included 2.43%.
The stock price of SBUX is moving down from its 20 days moving average with -0.30% and remote negatively from 50 days moving average with -4.14%. SBUX current year earnings per share experienced an addition with +30.80% while its current quarter performance remained +10.25%. Company’s beta coefficient included 1.23. Beta factors measures the amount of market risk associated with market trade.
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