After launching with an approximate $3 billion valuation, coffee chain Dutch Bros (NYSE: BROS) continues flexing its market cap muscles. Unlike many IPOs, whose share price spikes briefly and then slumps in profit-taking, Dutch Bros' market capitalization has grown more than threefold since its debut at $23 a share on Sept. 15.
The momentum seems to be causing a feedback loop of new investment, while Wall Street analysts are giving the newly public company a slew of bullish ratings. The stock performance so far may partially be froth and excitement over a new public player in the sector, but there's at least one major reason for a solid bull case on Dutch Bros stock.
Image source: Dutch Bros.
For further details see:
1 Big Reason This Coffee Company's Value Is Soaring