Where Will Dutch Bros Stock Be in 10 Years?
After debuting on the public markets to strong gains at the end of 2021, Dutch Bros (NYSE: BROS) has seen its shares plummet. The stock had a volatile 2023, even though it ended up rising by 12% last year, a gain that underperformed the S&P 500.
But it's always good to adopt a long-term approach when investing in the stock market. As we look out a decade from now, where could this up-and-coming coffee stock be?
It's not a surprise that investors are probably most drawn to this stock because of its growth potential. Dutch Bros added 159 net new locations to its footprint in 2023, which represented 24% year-over-year growth. The current count of 831 is significantly higher than 370 at the end of 2019.
Source Fool.com
