Dutch Bros..
I'm sure many of us here have been bagholding this for a while.. I bought the dip after earnings thinking market was overreacting and it's only kept on dipping since then.. it's at a 7.5ish B market cap right now and I've been buying most of these dips ($47-48 average currently). Is there something I'm missing as to why the stock's beat down really hard?
I'm aware that entire discretionary f&b sector has been gettin hit (CAVA,JMKE, CELH, etc.) but it still surprises be that BROS keeps goin lower and lower.. I don't have a stop loss set yet but I was planning on setting $39 as the stop loss. Anyone have any insights on what could be causing the stock to get beat down this bad?
Position: Roughly 750 shares with a $47 avg