Stock Market Sell-Off: Is Dutch Bros a Buy Now?
The market has been especially unkind to former highfliers like drive-thru coffee shop Dutch Bros (NYSE: BROS). Dutch Bros stock is down 54% from the highs it hit following its initial public offering last September on fears that a recession will cause growth to slow. When consumers tighten their belts, coffee shop coffee is an easy discretionary purchase to cut out to save money.