Jim Cramer on Dutch Bros: "Don't Expect it to Get Back in the 30s"

Dutch Bros Inc. (NYSE:BROS) is one of the stocks on Jim Cramer’s radar recently. A caller inquired how Cramer feels about the stock during the lightning round, and he said:

“I like Dutch Bros. Now, let me tell you something about Dutch Bros. This stock has now come down from 86 to 53 as the speculative froth comes out of it. I would say buy some here and then buy some in the 40s, and I think you’ll be in very good shape. Don’t expect it to get back in the 30s. That’d be way, way too cheap.”

Dutch Bros Inc. (NYSE:BROS) operates and franchises drive-thru coffee shops under brands such as Dutch Bros, Dutch Bros Coffee, Dutch Bros Rebel, and Blue Rebel. During the September 2 episode, a caller asked if it was a good entry point in the stock. Cramer responded:

“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.”

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