Why Dutch Bros Stock Dropped 21% in September
Market sentiment remained low as inflation soars.
Overview
Dutch Bros (NYSE:BROS) stock fell 21% in September, according to data provided by S&P Global Market Intelligence. The company is still feeling negative market sentiment after some disappointing earnings updates in August.
Dutch Bros is a relatively small coffee shop chain that has ambitious expansion plans. It owns 1,177 stores as of the end of the second quarter, and it plans to reach 2,029 stores by 2029, nearly doubling today's count.
Image source: Dutch Bros.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.