Why Dutch Bros Stock Rocketed Higher Today

Shares of coffee shop chain Dutch Bros (NYSE: BROS) hit a new 52-week high today after the company reported strong third-quarter earnings. The fast-growing craft beverage maker also raised full-year 2024 guidance.Investors rallied around the report, and shares rocketed higher by nearly 40%. As of 10:52 a.m. ET, the stock held on to a gain of 38.6%. That's brought year-to-date returns of more than 50% as the stock hits its highest level in more than two years.Dutch Bros CEO Christine Barone highlighted the company's focus on its real estate strategy for achieving much of the successful growth it is seeing. Overall revenue in the third quarter soared 28% year over year, with same-store sales growth of 2.7%, exceeding the company's own estimates.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool