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 decrease in short interest, with the short percent of float falling 13.72% to 8.55%. This indicates a reduction in bearish sentiment among traders. The company's short interest is now lower than the peer group average of 8.73%. Short interest is a key indicator of market sentiment, and a decrease suggests traders are becoming more bullish on the stock.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:30 pm

Dutch Bros shares experienced an increase in trading volume and price after Stifel and Wedbush analysts reaffirmed their bullish stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 6:33 pm

Stifel analyst Chris O'Cull has maintained a Buy rating on Dutch Bros (NYSE:BROS) and kept the price target at $40.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:48 pm

Wedbush analyst Nick Setyan reiterates an Outperform rating on Dutch Bros (NYSE:BROS) and maintains a $37 price target.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:07 am

In Friday's pre-market session, 12 consumer discretionary stocks showed significant movement. Notably, Nova Lifestyle (NVFY) surged 66.5%, while Lululemon Athletica (LULU) dropped 13.1% following their Q4 earnings release. Other movers included Faraday Future (FFIE), Foresight Autonomous (FRSX), and Nike (NKE), which also declined after its Q3 earnings report.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 1:06 pm

Dutch Bros Inc (NYSE:BROS) shares fell after announcing the pricing of a public offering by TSG Consumer Partners, L.P. selling stockholders at $34.00 per share, a 4.5% discount to its closing price on March 22, 2024. The offering of 8 million shares is expected to close by March 26, 2024, with an option for underwriters to buy an additional 1.2 million shares. A director nominated by the selling stockholders will resign from the board upon completion. BROS shares dropped 6.23% to $33.40 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 22, 2024 | 12:17 pm

Dutch Bros Inc. announced the pricing of a secondary public offering of 8 million Class A common shares at $34 per share, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:07 am

Lululemon Athletica Inc. (NASDAQ:LULU) reported better-than-expected Q4 results but issued a weak Q1 forecast, leading to a 12.8% drop in pre-market trading. Other stocks also recorded losses in pre-market trading, including Ispire Technology Inc. (NASDAQ:ISPR), MMTec, Inc. (NASDAQ:MTC), SoundHound AI, Inc. (NASDAQ:SOUN), Grifols, S.A. (NASDAQ:GRFS), NIKE, Inc. (NYSE:NKE), Dutch Bros Inc. (NYSE:BROS), BeiGene, Ltd. (NASDAQ:BGNE), and Lufax Holding Ltd (NYSE:LU), with various reasons for their declines.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 9:40 am

Dutch Bros Inc. announced the pricing of a secondary public offering of 8M shares of Class A common stock at $34/share by TSG Consumer Partners, L.P. The offering is expected to close by March 26, 2024, with an option for underwriters to purchase an additional 1.2M shares.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:28 am

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

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