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

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

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.