Dutch Bros Stock Skyrockets. Is It Too Late to Buy Shares?

16.11.24 10:05 Uhr

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Investors saw a lot to like in the latest earnings report from Dutch Bros (NYSE: BROS). The company reported better-than-expected results in the third quarter, and management raised guidance for the full year. At the time of writing, the stock is up 39% since the report was released on Nov. 6. On the surface, Dutch Bros stock might appear expensive, recently trading at a price-to-earnings ratio of 169, but that valuation metric is misleading considering the company's early stage of growth. A closer look reveals its valuation might not be all that expensive. In fact, the stock may have room to run in 2025.Here's why investors might want to consider adding shares to their portfolio if they haven't already.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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