Forget Starbucks: Billionaires Are Buying Up This Coffee Chain Stock Instead
made big news last week with its poaching of Chipotle Mexican Grill's superstar CEO Brian Niccol. Starbucks stock shot up more than 20% after the announcement, and it was a shot of caffeine that the coffee king has been desperately needing.
Investors have confidence in Niccol's ability to get Starbucks back to growth, but it's somewhat premature. He's not even starting until September, and it's going to take a few quarters at the very least to demonstrate results from whatever new changes he implements.
But there's another coffee chain that's been catching billionaire investors' attention, and that's newbie stock Dutch Bros (NYSE: BROS). Let's see who's buying and if you should follow their lead.
Source Fool.com
Starbucks Corp. Stock
€85.51
-0.130%
With 31 Buy predictions and 1 Sell predictions Starbucks Corp. is one of the favorites of our community.
With a target price of 94 € there is a slightly positive potential of 9.93% for Starbucks Corp. compared to the current price of 85.51 €.
