10 Best High Growth Consumer Stocks to Buy Now

3. Dutch Bros Inc. (NYSE:BROS)

5-Year Average Revenue Growth: 39.98%

Number of Hedge Fund Holders: 47

Market Cap: $10.33 billion

Dutch Bros Inc. (NYSE:BROS) is one of the best high growth consumer stocks to buy now. On August 19, TD Cowen analyst Andrew Charles maintained his Buy rating on Dutch Bros Inc. (NYSE:BROS), with a price target of $86, a solid 36.6% implied upside from the current price of $62.94.

On August 6, the company reported its quarterly earnings, with revenue of $415.81 million, growing 28% year-over-year, and beating Wall Street estimates of $403.75 million. The surge in revenue came from solid same-store growth, which in turn was a result of increasing consumer footfall. The company offers attractive loyalty benefits and an innovative menu, which has led to repeat business.

The more impressive beat, though, was the EPS, which stood at $0.26 per share in Q2, a 47.46% earnings surprise. Dutch Bros saw margin expansion in Q2, for which the company reported a net margin of 6.16%, as against 4.32% in the quarter before that and 3.67% in the same quarter last year. The company has been improving its operational efficiency.

Dutch Bros has built a strong customer experience in its coffee shops, with its unique menu, like “Protein Coffee”, a resonance with Gen Z, as a result of authenticity and community engagement, which could drive growth as the company looks to expand its operations.