BROS - 1 Growth Stock Down 68% to Buy Right Now
2024-01-06 17:23:00 ET
Dutch Bros (NYSE: BROS) stock appears to have started off its life as a public company on the wrong foot. It sells today at a 68% discount to the all-time high it set soon after it went public in the fall of 2021
Still, even as investors were bidding down the stock, Dutch Bros was pushing headlong into its nationwide expansion plan, adding coffee shops at a rapid clip and growing revenue. This growth, along with other factors, should bode well for the coffee stock over time.
Dutch Bros appears to have been a victim of the 2022 bear market. This was unfortunate timing on the company's part as its stock launched near the peak of a bull market.
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1 Growth Stock Down 68% to Buy Right Now