2 Growth Stocks Down 40% to Buy Right Now

Group 1: Dutch Bros - Dutch Bros is expanding its drive-thru beverage shops across the U.S., with the stock currently trading about 40% off its previous high and quarterly revenue more than doubling since the end of 2022 [3][4] - The stock has a high price-to-earnings ratio of 81, but the price-to-sales ratio is around 4, which is reasonable for a fast-growing restaurant concept [4] - Revenue increased by 29% year-over-year in the fourth quarter, with net income rising from $6.4 million in Q4 2024 to $29.2 million in Q4 2025 [5] - Dutch Bros has over 1,100 shops nationwide and aims for long-term potential of 7,000 locations, indicating significant room for expansion [8] Group 2: Deckers Outdoor - Deckers' Ugg footwear line has proven to be a long-term success, with a $1,000 investment in 2006 now worth $53,000, despite a recent 53% sell-off [9] - The company has experienced strong double-digit annual growth, with revenue growing at a 16% annualized rate and net income up nearly 29% over the last three years [11] - In the recent quarter, total net sales grew 7% year-over-year, and earnings per share increased 11%, indicating continued growth despite a challenging consumer spending environment [12] - The stock trades at just 15 times forward earnings estimates, with management highlighting "meaningful untapped global opportunities" for Hoka, presenting a compelling opportunity for new investors [13]