WEN - Why is Dutch Bros stock up today?
Dutch Bros Inc. (BROS +8.2%) shares power forward as strong upward momentum continues and the stock remains popular among WS analysts and Reddit WSB users as one of the few small-cap restaurant growth plays. The stock trades above its average sell-side analyst price target of $57 while 8 of 9 analysts are bullish on the stock. The stock currently trades at a monstrous 546 P/E ratio, valuing the Western U.S. bagel chain above names that include Texas Roadhouse (TXRH +2.1%), Wendy's (WEN -0.3%), and Papa John's (PZZA +1.4%). None of the restaurants ranked by SA's Quant Rating have a P/E ratio over 200.
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Why is Dutch Bros stock up today?