Starbucks stock still in ‘sweet spot’

After all-time high, Starbucks still in 'sweet spot'

Starbucks stock hit an all-time high Wednesday, and the CNBC "Fast Money" traders said there was still room to run.

"Their Asian growth is absolutely incredible, and they're talking about that accelerating into the next year, into the next two years," OptionMonster's Pete Najarian said. "So, when you look at this company, I don't think it's over with. I think there's a lot more upside left in Starbucks."

(Read more: Starbucks CEO: We're in early stages of growth)

Despite a 40 percent year-to-date gain, shares of Starbucks still held plenty of promise because of costs and a strong leader in CEO Howard Schultz, Joe Terranova of Virtus Investment Partners said.

"I'm long, staying with it," he said. "Coffee prices right now relatively benign. Costs are coming down. Schultz doing a great job. It's in the sweet spot. Stay with it."

Stephen Weiss of Short Hills Capital agreed.

"And one of the best global brands there is without any taint whatsoever, that translates into every language," he added.

By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

Trader disclosure: On Sept. 11, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long AAPL; Jon Najarian is long BAC; Jon Najarian is long CSCO; Jon Najarian is long YHOO; Jon Najarian is long RL; Jon Najarian is long GRPN; Jon Najarian is long NUAN; Jon Najarian is long BIDU; Jon Najarian is long IBM; Jon Najarian is long AMAT; Jon Najarian is long SYK; Jon Najarian is long COP; Jon Najarian is long CERN; Jon Najarian is long FIO; Jon Najarian is long RKUS; Jon Najarian is long SVU; Stephen Weiss is long BAC; Stephen Weiss is long C; Stephen Weiss is long FB; Stephen Weiss is long M; Stephen Weiss is long TGT; Stephen Weiss is long QCOM; Stephen Weiss is long SODA; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long INTC; Pete Najarian is long MSFT; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long FB; Joe Terranova is long VRTS; Joe Terranova is long MS; Joe Terranova is long GS; Joe Terranova is long LTD; Joe Terranova is long SBUX; Joe Terranova is long OXY; Joe Terranova is long HOS; Joe Terranova is long HAL; Joe Terranova is long APC; Joe Terranova is long DANW; Joe Terranova is long EOG; Joe Terranova is long CXO; Joe Terranova is long PXD; Joe Terranova is long TRIP; Joe Terranova is short XBI.

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