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Dutch Bros (BROS 6.46%) stock is finally getting some market love. It's more than doubled in value over the past year, and it trades at a P/E ratio of 193.
Growth stocks have been leading the market higher for the past two decades, and at this point, there is nothing to suggest that won't continue. Two of the best sectors to find attractive growth stocks are the technology and consumer spaces.
From a technical perspective, Dutch Bros (BROS) is looking like an interesting pick, as it just reached a key level of support. BROS recently overtook the 200-day moving average, and this suggests a long-term bullish trend.
Investors interested in stocks from the Retail - Restaurants sector have probably already heard of BJ's Restaurants (BJRI) and Dutch Bros (BROS). But which of these two stocks offers value investors a better bang for their buck right now?
Earnings from Q2 are in, and fast food continues to fade from American eaters' appetites. For most of the post-pandemic era, fast-casual establishments have been stealing market share from Quick-Serve Restaurants (QSRs), and that trend accelerated again in Q2.
Investing in the restaurant industry presents challenges. These include changing consumer tastes and economic pressures that cause people to cut back on discretionary spending.
The consensus price target hints at a 26.7% upside potential for Dutch Bros (BROS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Retail sales surged in July, and stocks like Levi Strauss, Walmart, Dutch Bros and Wayfair look primed for solid portfolio gains.
Growth stocks have been the driving force in the market for the past five years, and there is no reason to think they won't continue to lead the market over the next five.
Here is how Dutch Bros (BROS) and Walmart (WMT) have performed compared to their sector so far this year.