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 (NYSE:BROS) has seen a 12.05% increase in its short percent of float, now at 9.86% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 10.11%.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:15 pm

Dutch Bros Inc (NYSE:BROS) stock is gaining after an upgrade from Hold to Buy by TD Cowen, with a price target increase from $33 to $46. The company reported quarterly earnings and sales that beat analyst estimates, showing significant growth and beating consensus estimates. The upgrade is based on Dutch Bros' successful turnaround efforts, including beverage innovation and the Dutch Rewards loyalty program. The analyst also highlights the potential impact of mobile ordering on future sales, comparing it to Starbucks Corporation's (NASDAQ:SBUX) experience.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 5:22 pm

Diodes Incorporated shares fell by approximately 10% after reporting quarterly financial results that missed market expectations. Other stocks experienced significant movements, with notable gainers including Novavax, Inc. and iTeos Therapeutics, Inc., and losers like MacroGenics, Inc. and Greenwave Technology Solutions, Inc.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 4:44 pm

Genpact Limited reported better-than-expected Q1 financial results, leading to a 6.8% rise in its shares. Other companies like Novavax, iTeos Therapeutics, and Sweetgreen also saw significant gains following positive financial results or strategic announcements. The overall market sentiment was positive, with the Dow Jones gaining over 100 points.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 2:48 pm

Dutch Bros shares are trading higher following an upgrade from TD Cowen, moving from Hold to Buy, with a price target increase from $33 to $46.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:17 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies, impacting their stock performance. Notable adjustments include cuts and increases in price targets for companies like Allegro MicroSystems, Bloom Energy, Akamai Technologies, and others, with various analysts maintaining ratings from Buy to Neutral.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 12:25 pm

TD Cowen analyst Andrew Charles upgraded Dutch Bros (NYSE:BROS) from Hold to Buy and increased the price target from $33 to $46.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:10 am

Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Dutch Bros (NYSE:BROS) and increased the price target from $30 to $35.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:23 pm

Upstart Holdings, Inc. (UPST) shares fell by 10.3% after reporting Q1 financial results and issuing Q2 revenue guidance below estimates. Other stocks showed significant movement, with Reborn Coffee, Inc. (REBN) leading gainers with a 132.9% jump after announcing a market expansion into China. On the losing end, Treace Medical Concepts, Inc. (TMCI) dropped 60.8% after issuing FY24 revenue guidance below estimates.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 5:38 pm

Louisiana-Pacific Corporation (NYSE:LPX) and other companies such as Cricut, Inc. (NASDAQ:CRCT), Elanco Animal Health Incorporated (NYSE:ELAN), and American Public Education, Inc. (NASDAQ:APEI) saw significant stock price increases following better-than-expected quarterly results. The positive earnings reports led to a surge in stock prices for these companies, with LPX rising 15% after reporting a 24% year-over-year net sales growth.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 3:11 pm

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