Dutch Bros (NYSE: BROS) is serving up impressive growth with accelerating profitability. Shares of the drive-thru coffee shop operator and franchiser are up more than 20% so far in 2024.

There's a lot to like about this innovative quick-service beverage concept still in the early stages of a national expansion strategy. At the same time, a pricey valuation warrants some caution and could be one reason for investors to avoid chasing this caffeine buzz.

So is the stock a buy now? Here's what you need to know.

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Source Fool.com