Why Dutch Bros Stock Skyrocketed 76% in October

Shares of Dutch Bros (NYSE: BROS) were scorching hot in October, climbing 76% according to data from S&P Global Market Intelligence.

A combination of a bullish round of analyst ratings and data showing the company is seeing tremendous growth sent the stock soaring. 

As you can see from the chart below, the stock gained pretty steadily over the last three weeks, showing investor interest building for the recent IPO.

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Source Fool.com