Where Will Dutch Bros Stock Be in 3 Years?
BROSDutch Bros(BROS) The Motley Fool·2024-11-04 02:37

The high-growth coffee chain still has a bright future.Dutch Bros (BROS 0.84%) has gone through some wild swings since its IPO in September 2021. The American drive-thru coffee chain went public at $23 a share, then more than doubled to a record high of $76.25 two months later, but now trades at about $35.The bulls initially embraced Dutch Bros because it was growing rapidly and seemed destined to disrupt Starbucks. However, they retreated as the company's growth cooled off and rising rates compressed their ...