Hedgeye CEO Keith McCullough is adding Dutch Bros (BROS) to the long side of Investing Ideas. Below is a brief note.
What's nice about episodic-and-non-TRENDING US stock market corrections is that you get to buy new things on sale...
Alongside TOST (which I'd be buying more of here alongside ONON), one of Consumables analyst Howard Penney's new IPO Longs is Dutch Bros. (BROS). It's on sale here today.
Here's a good intro to the company from our Consumable's Pro research product:
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Takeaway: We hosted a BROS pre-IPO deck on 9/14 @ 2 PM ET. The Dutch Bros concept looks strong and is an interesting competitor to SBUX. BROS is an owner-operator and franchisor of drive-thru shops that focus on serving quality, hand-crafted beverages with substantial average unit volumes. Founded in 1992 by Dane and Travis Boersma, Dutch Bros began with an espresso machine and a pushcart in Grants Pass, Oregon. Once public, BROS will be one of the fastest-growing restaurant companies by new store growth at 20% annually. |
Buyem on red so that you aren't chasing on green,
KM
