BROS - Dutch Bros Continues to Press This Key Growth Accelerator. Time to Buy the Stock?
2024-03-08 08:30:00 ET
Dutch Bros (NYSE: BROS) came public in late 2021, so it's a fairly young public company. But the coffee chain has big ambitions as it works through an aggressive expansion plan. Growth-minded investors should pay close attention to two key numbers as they consider the stock.
When the company held its initial public offering (IPO), it operated 471 locations. From day one, the plan was to open more coffee houses. That's basically how relatively small restaurant chains can most easily grow.
The math isn't hard to figure out, as each new store adds more revenue to the top line. This approach can be successfully applied for years, assuming management doesn't overdo the effort.
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Dutch Bros Continues to Press This Key Growth Accelerator. Time to Buy the Stock?