Jim Cramer on Dutch Bros: “I Like This Stock so Much”

Dutch Bros Inc. (NYSE:BROS) is one of the stocks Jim Cramer answered questions about recently. A caller asked if it is a good entry point in the stock in light of the tariffs. In response, Cramer said:

“I’m going to say that because I like this stock so much, the answer is yes. But as good as it is, I think people are losing track of a note that I talked about this morning about pumpkin latte and Starbucks. Yes, we’ve all had some problems with Starbucks being late, blah blah, blah, but imagine this: we’re still going there, and this pumpkin latte is very strong, SBUX.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Dutch Bros Inc. (NYSE:BROS) operates and franchises drive-thru coffee shops and provides coffee, beverages, and related products under its Dutch Bros and Blue Rebel brands. A caller asked for Cramer’s advice on the stock in a July episode and he 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.