Jim Cramer on Dutch Bros: “Let’s Hold”

Dutch Bros Inc. (NYSE:BROS) is one of the stocks in Jim Cramer’s spotlight. Highlighting the recent tariff announcement around Brazil and the fact that the company imports its beans from the country and other South American countries, a caller asked if they should add to their position, ring the register, or hold. In response, Cramer said:

“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.”

A closeup of a customer tasting a freshly-made cold brew coffee product from the company’s shop.

Dutch Bros (NYSE:BROS) operates and franchises drive-thru coffee shops and provides beverages under brands like Dutch Bros Coffee and Blue Rebel.

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