Where Will Dutch Bros Stock Be in 3 Years?
Dutch Bros (NYSE: BROS) is effectively trying to take on industry giants like Dunkin and (NASDAQ: SBUX). Although that's a "grande" order, so far the upstart seems to be doing fairly well in its expansion efforts. But the real benefit from new stores doesn't show up for a little while.
Here's why Dutch Bros' business, and likely its stock, could be in a better place in three years.
In the third quarter of 2023, Dutch Bros had 794 locations. That's up from 641 in the same quarter of 2022. Do the math on that, and the company opened a whopping 153 stores in a year, growing its store count by nearly 24%. That's incredibly rapid growth, even noting that the coffee chain is coming off a relatively small base. For reference, Starbucks operates well over 16,300 locations in the United States.
Source Fool.com
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