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Why Dutch Bros Stock Jumped 18% in July

·2 min read

Shares of coffee shop chain Dutch Bros (NYSE: BROS) notched an 18% gain in July according to data provided by S&P Global Market Intelligence. While there was no news specific to Dutch Bros in July, it benefited from strong consumer spending and a rise in the overall market. Dutch Bros is a West Coast-based coffee shop chain with nearly 600 units in 12 states.