Best Growth Stock

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Best Growth Stock

The Best Growth Stock To Buy Right Now

Do you have some spare cash and are looking for a good growth stock to buy? If we start looking at growth stocks, there are many options in the market, and one of them is Dutch Bros (BROS).

The Dutch Bros is a coffee chain that is growing at a very fast rate. They also offer premium beverages to consumers, which are very popular among the young generation.

Dutch Bros Plans To Open 7000 Stores

When compared with Starbucks (SBUX), it becomes clear why Dutch Bros is so different. The Dutch Bros only operates via its drive-thru kiosks, which makes it different from Starbucks.

Also, the Dutch Bros only has 1081 locations while Starbucks has around 40990 locations. To put things into perspective, the stores of Starbucks are a lot more than McDonald's!

So, if the Dutch Bros is smaller than Starbucks, then what makes it a good option? Well, the thing is that Starbucks has been around for multiple decades, which makes it a little old.

The reality is that the world has changed, and consumers now want something different. Surprisingly, the premise of Dutch Bros offers a more casual feel, and consumers actually like it over Starbucks.

The Dutch Bros also has a very ambitious growth plan as they want to now operate 7000 stores. The target was just 4000 stores last year, but that has been revised higher.

There's no doubt that Dutch Bros will need many years to open that many stores. But the bottom line is that people are now preferring this coffee chain, and that represents a big shift.

Considering the success enjoyed by Starbucks over the years, it makes sense to include some of Dutch Bros' shares in your portfolio. The key here is to only allocate a small portion of your portfolio to this, as it is still a new player in town.

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