Dutch Bros (NYSE: BROS) has taken investors on a wild ride since its initial public offering (IPO) in September 2021. The American drive-thru coffee chain went public at $23, opened at $32.50, and hit a record high of $76.25 during the apex of the growth stock rally on Nov. 1, 2021.

But today, Dutch Bros trades at about $38. Its stock was cut in half as its growth cooled off and rising interest rates compressed its valuations. So is it too late to embrace this former market darling -- or does its pullback represent a great buying opportunity?

Image source: Dutch Bros.

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Source Fool.com