Where Will Dutch Bros Stock Be in 5 Years?
The main rules of successful investing are pretty simple: Buy low, sell high. There are some complicated parts, though, like determining what prices are low and whether or not they're going to get higher.
Dutch Bros (NYSE: BROS) stock is trading at a low price right now. Let's see where it might be in five years and if it deserves a place in your portfolio.
Dutch Bros does coffee differently than mammoth chain and other coffee chains. Although it's been around almost as long as Starbucks, it was a small, regional chain for decades before it noticed a white-space opportunity to expand its business a few years ago. It perfected its model for replication, and it went public as a company with stores partially owned and partially franchised. Since it began its growth phase in the digital era, it's opening stores with new trends in mind, something Starbucks, with its existing 39,000 stores, is having a hard time with. Dutch Bros has 912 stores as of the end of the second quarter, up from about 500 when it went public in 2021.
Source Fool.com
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