3 Reasons to Buy Dutch Bros Stock Like There's No Tomorrow
Dutch Bros (NYSE: BROS) made some incredible progress in the first quarter. If you've been looking for a great growth stock to add to your portfolio or have been concerned about Dutch Bros' performance, let me walk you through three reasons it looks like an excellent stock to buy right now.
Dutch Bros runs a coffee shop chain, and it had 876 locations in 17 U.S. states as of March 31. The company opened 45 stores last quarter and plans to open 150 to 165 total this year. That includes a gradual eastward expansion into new states.
Its drive-thru-focused concept and products have proven popular in existing markets, and management sees the opportunity to reach 4,000 stores long term, a huge growth driver on its own.
Source Fool.com
