On Tuesday, Dutch Bros got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
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The new rating shows the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria.
Dutch Bros is not currently near a proper buy zone. Look for the stock to form and break out of a new chart pattern.
The stock sports a 98 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 98% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported 56% earnings growth for Q1. Top line growth fell to 29%, down from 35% in the prior quarter.
Dutch Bros holds the No. 1 rank among its peers in the Retail-Restaurants industry group. Brinker International and Shake Shack Cl A are also among the group's highest-rated stocks.
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