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

The stock may offer better value than it appears at first glance.Investors saw a lot to like in the latest earnings report from Dutch Bros (BROS -0.62%). 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 ...