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

43.65

Mkt cap

6.9B

Volume

19M

High

50.24

P/E Ratio

172.19

52-wk high

50.24

Low

43.50

Div yield

N/A

52-wk low

25.46

Dutch Bros has raised its FY24 revenue guidance from $1.20B-$1.215B to $1.215B-$1.230B, slightly below the $1.23B estimate. The company also increased its adjusted EBITDA guidance from $195M-$205M to $200M-$210M and adjusted SG&A from $183M-$189M to $190M-$200M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:11 pm

Dutch Bros (NYSE:BROS) reported Q2 2024 adjusted EPS of $0.19, beating the $0.13 estimate by 46.15%. Sales were $324.9M, surpassing the $316.81M estimate and marking a 30.02% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:10 pm

Shares of restaurant and fast food stocks are trading lower in possible sympathy with Domino's, which fell after reporting mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:48 pm

In the past three months, 16 analysts have provided ratings for Dutch Bros (NYSE:BROS), with a mix of bullish, somewhat bullish, and indifferent perspectives. Recent analyst actions include several rating raises and price target increases, reflecting a positive sentiment. The average 12-month price target is $40.31, up 5.44% from the previous average. Dutch Bros has shown strong revenue growth and net margin but faces challenges with ROE and ROA.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 1:01 pm

Baird analyst David Tarantino maintains a Neutral rating on Dutch Bros (NYSE:BROS) and raises the price target from $33 to $42.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 11:06 am

Benzinga's Stock Whisper Index highlights five stocks that are gaining interest among investors: TJX Companies, Dutch Bros, Rivian Automotive, Pacific Gas & Electric, and Danaher Corporation. Key developments include TJX's joint venture with Grupo Axo, Dutch Bros' new board member and positive analyst rating, Rivian's $5 billion investment with Volkswagen, analyst updates on Pacific Gas & Electric, and Danaher's FDA approval for a Hepatitis C test.

Portfolio Pulse from Chris Katje

June 28, 2024 | 3:03 pm

Dutch Bros's (NYSE:BROS) short interest has fallen 12.8% to 8.45% of its float. This indicates a more bullish sentiment compared to its peers, whose average short interest is 10.25%. It would take traders 2.78 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 8:30 pm

TD Cowen analyst Andrew Charles reiterates a Buy rating on Dutch Bros (NYSE:BROS) and maintains a $50 price target.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:38 am

TD Cowen analyst Andrew Charles maintains a Buy rating on Dutch Bros (NYSE:BROS) and raises the price target from $46 to $50.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:08 pm

Dutch Bros has announced a public offering of 8.762 million shares of common stock by selling stockholders associated with TSG Consumer Partners. Following the offering, Sean Sullivan, the remaining director nominated by the selling stockholders, is expected to resign from the board of directors.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 8:56 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.