2023-04-26 09:45:00 ET
Growth stocks are usually companies in their earlier stages of development, focused on rapidly increasing revenue, often at the expense of profits. Some of today's most prominent companies, including Amazon , Netflix , and Tesla , once fell into this category. While growth stocks are typically synonymous with cutting-edge technology or industries, that's not always the case.
Take Dutch Bros (NYSE: BROS) , a drive-thru coffee chain. It didn't invent coffee or the concept, yet it is scaling up incredibly fast, making it a compelling under-the-radar growth stock you should consider for your next buy-and-hold investment.
Dutch Bros started as a single pushcart in Oregon over 31 years ago and was growing modestly until a venture capital firm injected it with cash in 2018. The coffee chain would later go public in 2021 with 471 drive-thru locations in 11 states, all west of the Mississippi River.
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1 Under-the-Radar Growth Stock to Buy and Hold