1 Growth Stock Down 30% to Buy Right Now

Dutch Bros (NYSE: BROS) went public at $23 a share on Sept. 15, 2021. By Nov. 1, the drive-thru coffee-chain's stock had more than tripled to a record closing price of $76.25.At the time, the bulls were dazzled by the company's rapid growth. The buying frenzy in growth and meme stocks also caused investors to overlook its soaring valuations.Today, however, Dutch Bros' stock trades 30% below that level at about $53. The bulls retreated as the company's growth cooled off and rising rates squeezed its valuations. Let's see why that pullback might represent a good buying opportunity for growth investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool