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 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

Analysts have varied opinions on Dutch Bros (NYSE:BROS), with recent ratings ranging from bullish to indifferent. The average 12-month price target is now $35.00, up 10.51% from the previous $31.67. Analyst actions include maintaining and raising ratings, with price targets adjusted accordingly. Dutch Bros's financial performance shows solid revenue growth but below-average profitability and efficiency metrics. Analyst ratings are crucial for investors, reflecting expert opinions on stock performance.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 12:00 pm

Wedbush analyst Nick Setyan has reiterated an Outperform rating on Dutch Bros (NYSE:BROS), maintaining a price target of $37.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:38 am

Dutch Bros is undertaking a large-scale organizational design initiative, moving certain positions to its Phoenix, Arizona office. This move is expected to cost $24 to $31 million, with an additional $6 to $10 million in capital expenditures for the Arizona office expansion. By January 1, 2025, about 40% of the support center staff will be located in Arizona.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:37 pm

Dutch Bros has projected its total revenues for 2024 to be between $1.190 billion and $1.205 billion, which is below the estimated $1.22 billion. The company also expects to open between 150 to 165 new shops in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:36 pm

Dutch Bros Inc. (NYSE:BROS) reported Q4 earnings of 4 cents per share, surpassing the 2 cents estimate by 100% and marking a 33.33% increase from the previous year. Quarterly sales reached $254.12 million, exceeding estimates by 0.54% and showing a 25.91% year-over-year growth. The company opened 159 new shops in 2023, with 146 being company-operated, and achieved a record system AUV since its IPO. For 2024, Dutch Bros anticipates opening 150 to 165 shops, expects revenues between $1.190 billion and $1.205 billion, and forecasts low single-digit same-shop sales growth. Shares rose 7.17% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 21, 2024 | 10:14 pm

Dutch Bros (NYSE:BROS) reported Q4 earnings with an EPS of $0.04, doubling the estimated $0.02 and marking a significant revenue increase of $52.30 million from the previous year. The company has consistently beaten EPS estimates over the past four quarters, with the share price increasing by 0.9% the day after last quarter's earnings announcement.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 9:30 pm

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