Where Will Dutch Bros Stock Be in 10 Years?
Management for drive-thru coffee chain Dutch Bros (NYSE: BROS) is quite open about its long-term vision for the company. It intends to have 4,000 locations someday, up substantially from its 794 locations as of the third quarter of 2023.
Using this long-term goal as a guide and looking at current business trends, investors can try to approximate where Dutch Bros stock will be in 10 years. And this will help determine whether it's a good stock to buy today.
In 2022, Dutch Bros opened 133 new locations. And in 2023, it's on pace to open at least 150 new locations. This was good for 25% and 22% respective annual growth.
Source Fool.com
