Why Dutch Bros Stock Soared 27% in February
Shares of Dutch Bros (NYSE: BROS) stock jumped 27% in February according to data provided by S&P Global Market Intelligence. It reported phenomenal fourth-quarter results, and the market is getting more excited about its opportunities.
Dutch Bros is growing by leaps and bounds, and it surpassed the 1,000-store mark last month. That's large enough to know that it's resonating with customers, but small enough that the runway remains long and compelling.
It has a distinctive brand of coffee that it serves in its mostly drive-thru locations, but it has several different store formats to meet demand in different spaces. Although it's based in Oregon and is still concentrated on the West Coast, it's now available in 18 U.S. states and growing.
Source Fool.com
