Why Dutch Bros Stock Rocketed Higher Today
BROSDutch Bros(BROS) The Motley Fool·2024-11-08 00:06

Dutch Bros stock hit a new 52-week high today.Shares of coffee shop chain Dutch Bros (BROS 36.75%) hit a new 52-week high today after the company reported strong third-quarter earnings. The fast-growing craft beverage maker also raised full-year 2024 guidance.Investors rallied around the report, and shares rocketed higher by nearly 40%. As of 10:52 a.m. ET, the stock held on to a gain of 38.6%. That's brought year-to-date returns of more than 50% as the stock hits its highest level in more than two years.Re ...