Why Dutch Bros Fell Almost 9% This Week
Shares of Dutch Bros (NYSE: BROS) fell 8.6% this week compared to where they closed last Friday, according to data provided by S&P Global Market Intelligence, as the California legislature approved the creation of a new wage- control board for the fast-food industry.
The board would have the right to not only raise the minimum wage paid by quick-serve restaurants, but also set working conditions, too. It's been recommended California hike its minimum wage to as much as $22 per hour.
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Source Fool.com
