Jim Cramer on Dutch Bros: “It’s Almost Like Wall Street’s Revisited the Quarter and Realized It Was a Good One”

Dutch Bros Inc. (NYSE:BROS) is one of the stocks Jim Cramer offered insights on. Cramer discussed the stock’s pull-back, followed by the rally after its earnings, as he remarked:

“This time, the company just reported a nice top and bottom line beat. Stock got hit the next day, that was wrong, sold off 4.2%, that was wrong mainly because Dutch Bros saw its shop level margins come in a little bit light, but that’s ridiculous. After the initial pullback on Thursday, this thing rallied on Friday. And then of course it really roared today as it should have, surging 6%. It’s almost like Wall Street’s revisited the quarter and realized it was a good one upon further review because people just don’t understand the stock or the company or the drink.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

Dutch Bros Inc. (NYSE:BROS) operates and franchises drive-thru coffee shops under brands including Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel.

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