Dutch Bros Stock Is Down 49% From Its High Despite Revenue Rising 32%. Should You Buy Now or Stay Away?
Customers are still flocking to its drive-thrus, but the coffee chain's sales multiple slid after Wall Street flinched at management's growth guidance.
Overview
Dutch Bros (NYSE: BROS) stock looks like a buy after its recent pullback. The coffee chain posted strong second-quarter results on Aug. 5, with revenue up 32% year over year and healthy margins, but as of Sept. 25, the stock is down 49% from its 52-week high after management's near-term outlook came in softer than investors wanted.
Here's why the market's focus on the third quarter is creating an attractive entry point in this company's long-term growth story.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.