I ran through the fundamentals and BROS is an interesting one. The business itself looks strong. Q2 revenue grew 32.5 percent year over year, company operated same shop sales grew 8.3 percent, systemwide same shop sales grew 5.8 percent, and management raised its 2026 revenue and EBITDA outlook. The problem for me is valuation. The trailing P/E is still around 70, forward P/E is around 43, PEG is roughly 1.3, and debt to EBITDA is around 3.1. The stock still looks expensive at the current valuation.

So would I buy it?

I think BROS could make sense for someone focused on long term growth, but I would not call the stock cheap at the current price. If I were considering it, I would probably start with a small position rather than buy aggressively. I would also be comfortable waiting for a better entry if the valuation comes down. The business itself looks strong, but even a good company can be a poor investment if the price is too high. As for the broader market today, I am slightly more optimistic than bearish. This is just my personal view and analysis, not investment advice.