Jim Cramer Believes Dutch Bros has Disrupted the Coffee Business

Dutch Bros Inc. (NYSE:BROS) is one of the stocks in Jim Cramer’s game plan for this week. Cramer shared positive comments about the company during the episode, as he said:

“After we close, we get two more companies that I like very much, and I bet they’ll give us good numbers. That’s Dutch Bros and e.l.f. Beauty. These two renegades, young companies that have disrupted the coffee and cosmetic business, wow, they got a lot of room to grow and take share, and that’s exactly what they’re going to do. Again, good stocks.”

Photo by Yiorgos Ntrahas on Unsplash

Dutch Bros (NYSE:BROS) operates and franchises drive-thru shops under the Dutch Bros and Blue Rebel brands, and provides coffee, energy drinks, and other beverages. When a caller asked for advice on the stock during the July 11 episode, Cramer responded:

“Let’s do this, let’s hold. It’s a very small part of whatever cost they have. Dutch Bros is in major expansion mode. You know, I think it’s terrific. I’ve had Christine Barone on the show many, many times… and I feel like the stock at $63, not necessarily a great level. I would wait till it comes down a little. Perhaps when it reports, there might be some sellers. They don’t report till August. Don’t be in a hurry, you have a nice gain. No need to add more stock right here.”

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Disclosure: None. This article is originally published at Insider Monkey.