1 Growth Stock Down 63% to Buy Right Now
With its global footprint of almost 37,000 locations, there's no doubt that (NASDAQ: SBUX) has long dominated the quick-service coffee industry. It has incredibly strong brand recognition, which is key to its success. But because Starbucks is already ubiquitous, some investors worry that its growth prospects going forward aren't so great.
For those looking for higher growth, an up-and-coming coffeehouse chain called Dutch Bros (NYSE: BROS) presents an interesting alternative. Although the stock price is down 63% from its peak, here's why it's a growth stock worth considering buying right now.
As of March 31, Dutch Bros had 716 stores, mainly in the western part of the U.S., that serve coffee, espresso beverages, energy drinks, and smoothies in a drive-thru format. In comparison with Starbucks, it doesn't sound all that impressive. But consider that, at the end of 2015, Dutch Bros had just 254 shops. The company's expansion has been robust, with 133 new stores opening last year and an additional 45 locations in the first three months of 2023.
Source Fool.com
Starbucks Corp. Stock
With 23 Buy predictions and not a single Sell prediction Starbucks Corp. is an absolute favorite of our community.
With a target price of 98 € there is a positive potential of 42.96% for Starbucks Corp. compared to the current price of 68.55 €.
