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 Inc. (NYSE:BROS) shares surged after reporting Q1 earnings that exceeded expectations and raising its full-year revenue guidance. Earnings per share were 9 cents, surpassing the 2 cents estimate by 350%. Sales reached $275.1 million, an 8.09% beat over the $254.5 million estimate and a 39.46% increase year-over-year. The company also announced a partnership with Olo, Inc. (NYSE:OLO) for mobile app ordering and payment. Dutch Bros revised its 2024 revenue outlook upwards and expects to open 150 to 165 new shops. Wedbush analyst Nick Setyan raised the price target for BROS from $37 to $39.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 2:02 pm

In Wednesday's pre-market session, 12 consumer discretionary stocks showed significant movement. Gainers included Neo-Concept International, Cricut, Dutch Bros, Genius Sports, American Public Education, and RumbleON, with increases attributed to Q1 earnings reports. Losers were Volcon, CarParts.com, Twin Vee PowerCats, Selina Hospitality, Coupang, and LL Flooring Holdings, also reacting to their Q1 earnings. The movements reflect immediate market reactions to the latest earnings reports.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 12:06 pm

Wedbush analyst Nick Setyan maintains an Outperform rating on Dutch Bros (NYSE:BROS) and raises the price target from $37 to $39.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:34 am

Dutch Bros Inc. shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its revenue guidance for FY24, signaling stronger future performance.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:14 am

Dutch Bros Inc. shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its revenue guidance for FY24, signaling stronger future performance.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:48 pm

Dutch Bros has revised its FY24 outlook, increasing total revenue projections to $1.20B-$1.215B from the previous $1.19B-$1.205B, and raising adjusted EBITDA estimates to $195M-$205M from $185M-$195M. The company expects to maintain its total system shop openings in the range of 150-165, with same shop sales growth in the low single digits and capital expenditures between $280M-$320M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:20 pm

Dutch Bros reported Q1 adjusted earnings of $0.09 per share, surpassing the $0.02 estimate, with sales of $275.10M exceeding the $254.50M forecast. This represents a 39.46% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:10 pm

Dutch Bros (NYSE:BROS) has partnered with Olo (NYSE:OLO), a leading restaurant technology provider, to implement Olo's Order and Pay products at all 850 Dutch Bros locations. This partnership aims to enhance operational efficiency and improve the customer experience by enabling seamless mobile ordering and payment. The rollout, expected to be completed by the end of 2024, will integrate with Dutch Bros' mobile app and rewards program, offering payment options like Google Pay and Apple Pay.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:05 pm

Shares of dining and fast food stocks are trading lower after Starbucks reported weak earnings, impacting the broader sector.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:46 pm

Analysts have diverse opinions on Dutch Bros (NYSE:BROS), with recent evaluations showing a mix of bullish to bearish sentiments. The average 12-month price target for BROS has slightly increased to $34.85. The company's financial performance indicates strong revenue growth but challenges in profitability and efficiency metrics. Analysts maintain various ratings, with some raising and others lowering their price targets based on the company's recent performance and market conditions.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 8:00 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.