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3 Reasons Why Dutch Bros Stock Will Likely Rise in 2024

TheMotleyFool

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3 Reasons Why Dutch Bros Stock Will Likely Rise in 2024: https://g.foolcdn.com/editorial/images/757300/iced-coffee-drink-on-a-table.jpg

Dutch Bros (NYSE: BROS) has likely frustrated its longer-term shareholders. Since its 2021 IPO, shares of the drive-thru coffee chain have fallen amid rising costs and an uncertain economy, even as it carries out a massive expansion plan.

Nonetheless, the lower stock price could change perceptions of the coffee stock. Three reasons may explain why it deserves a second look.

The Grants Pass, Oregon-based coffee chain is now in 16 states and has increased its store count by 25% over the past 12 months. It has repeatedly outlined a goal of 4,000 shops, a plan reiterated in the Q3 earnings report.

Source Fool.com

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