Streetbeat News

BROS

Dutch Bros Inc.

https://www.dutchbros.com

Industry

Restaurants

Dutch Bros Inc., together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands. Dutch Bros Inc. was founded in 1992 and is headquartered in Grants Pass, Oregon.

Open

46.09

Mkt cap

7.2B

Volume

3.2M

High

46.82

P/E Ratio

155.37

52-wk high

50.24

Low

45.99

Div yield

N/A

52-wk low

25.46

Dutch Bros has announced a secondary public offering of 8 million shares of common stock, with an option for underwriters to purchase an additional 1.2 million shares. This offering involves certain selling stockholders associated with TSG Consumer Partners, L.P. Following the offering, a director nominated by the selling stockholders is expected to resign from the Dutch Bros board.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:39 pm

In the last three months, 8 analysts have rated Dutch Bros (NYSE:BROS), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $35.00, up from $32.00, indicating a positive outlook. Analyst actions include ratings and price target adjustments from firms like JP Morgan, Piper Sandler, and Barclays. Dutch Bros's financial health shows strong revenue growth but challenges in profitability and asset utilization. The company's market positioning and analyst ratings suggest potential for growth despite some operational challenges.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 4:00 pm

JP Morgan analyst John Ivankoe maintains an Overweight rating on Dutch Bros (NYSE:BROS) and raises the price target from $34 to $40.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:26 am

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' highlighting Sprout Social's potential despite not making money, expressing caution about MannKind, preferring Bitcoin over Riot Platforms, criticizing Transocean's expansion, praising Dutch Bros' strategy adjustment, and maintaining belief in SoFi Technologies despite a recent convertible note offering. He recommended SLB and Halliburton over Transocean. Recent financial updates and stock movements for these companies were also mentioned.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 2:13 pm

Dutch Bros (NYSE:BROS) has seen a decrease in short interest, now at 11.56% of its float, down 5.71% from the last report. With 7.62 million shares sold short, it would take about 6.23 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Compared to its peers, Dutch Bros has a higher short interest percentage, with the average being 8.62%. This information suggests that while short interest has decreased, the stock still has a relatively high level of bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:00 pm

Piper Sandler analyst Brian Mullan upgrades Dutch Bros (NYSE:BROS) from Neutral to Overweight and raises the price target from $32 to $37.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:47 am

Dutch Bros Inc. announced the pricing of its secondary public offering of 8 million shares of Class A common stock at $29.05 per share, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:24 pm

Dutch Bros Inc. has announced the pricing of a secondary public offering of 8 million shares of Class A common stock at $29.05 per share by selling stockholders associated with TSG Consumer Partners, L.P. The offering is expected to close around March 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:28 am

Dutch Bros Inc. announced the launch of a secondary public offering of 8 million shares of Class A common stock, sold by stockholders associated with TSG Consumer Partners, L.P. This offering does not involve the issuance of new shares by Dutch Bros, but rather the sale of existing shares by TSG Consumer Partners.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 9:59 pm

TD Cowen analyst Andrew Charles reiterated a 'Market Perform' rating on Dutch Bros (NYSE:BROS) and maintained a $33 price target.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:00 pm

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