Forget Dutch Bros: Consider This Magnificent Coffee Stock Instead
Thanks to its outsize growth potential, Dutch Bros (NYSE: BROS) has drawn keen interest from some investors as a possible long-term holding in a diversified portfolio. However, this upstart drive-thru coffee chain has yet to reward shareholders. The stock currently sits some 64% below its all-time high and just a tad above its 2021 initial public offering price.
There's still hope, though. Should this business make substantial progress toward management's goals, the shares might be a big winner. However, I'm here to tell investors they should just forget about Dutch Bros altogether -- and consider an already dominant coffee stock instead.
Investors love to see companies grow, and Dutch Bros has been doing plenty of it, opening 39 net new locations in just the third quarter alone. This brings its total store count to 794, which is up from 641 a year ago. Clearly, aggressively opening new locations is a key part of the leadership team's strategy, as it sees the potential for 4,000 stores one day.
Source Fool.com
