BROS Stock Hits 52-Week High: Should You Buy Now or Wait for a Dip?
Dutch Bros(BROS) ZACKS·2024-11-27 15:20
Shares of Dutch Bros Inc. (BROS) have been showing impressive gains of late. On Tuesday, the stock reached a new 52-week high of $53.29 before closing slightly lower at $52.97.This milestone comes amid stellar third-quarter results and an optimistic outlook for the coming years, fueling a 51.6% surge in the stock price since the earnings announcement. The company's strong third-quarter performance exceeded expectations, with a 28% revenue increase and 2.7% systemwide same-shop sales growth, both on a year-o ...