SBUX - Best Stock to Buy: Dutch Bros vs. Starbucks
2023-12-21 05:27:00 ET
Shares of coffee house giant Starbucks (NASDAQ: SBUX) are down roughly 2% over the past 12 months. The stock of tiny competitor Dutch Bros (NYSE: BROS) is basically flat over that same span. Clearly, investors wouldn't have benefited any more from owning one or the other of these two stocks over the past year. But if you are a growth-oriented investor, the opportunity set looks like it could be very different here as you look out to the distant future.
Starbucks has grown into a global coffee powerhouse. It has more than 38,000 locations around the world. In the United States alone it has a bit over 16,300 stores, or just about 43% of its total. The company turned in a strong year in fiscal 2023, which ended in October.
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Best Stock to Buy: Dutch Bros vs. Starbucks