Dutch Bros CEO details nationwide expansion strategy as company nears 900 locations [CNBC]
Dutch Bros Inc. (BROS)
Company Research
Source: CNBC
Jim Cramer , saying the coffee chain focuses on training employees when they go to a new market. “We only grow as we're ready to have people who are ready to go into these new markets and open new shops,” Barone said. “So, we have our operators that move from all over the country to our new markets.” Barone said Dutch Bros is “on the path” to 4,000 stores and hit 876 locations this quarter. The chain first opened in Oregon and now has stores in 17 states, many on the West Coast and in the South. She added that Dutch Bros just opened its first two shops in Florida, saying they're focused on that market as well as Texas and Tennessee, but will start to move up the East Coast. Dutch Bros beat analysts' expectations when it reported earnings Tuesday evening, and shares closed 11.79% higher Wednesday. The company's success follows a weaker-than-expected quarter from competitor Starbucks . The coffee giant's CEO Laxman Narasimhan indicated on the conference call that customers have be
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BROS
News
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- Dutch Bros Inc. (NYSE: BROS) had its price target raised by analysts at Wedbush from $39.00 to $45.00. They now have an "outperform" rating on the stock.MarketBeat
- Dutch Bros Inc.'s (NYSE:BROS) high institutional ownership speaks for itself as stock continues to impress, up 24% over last week [Yahoo! Finance]Yahoo! Finance
- 1 Wall Street Analyst Thinks Dutch Bros Stock Is Going to $46. Is It a Buy Around $36? [Yahoo! Finance]Yahoo! Finance
BROS
Earnings
- 5/7/24 - Beat
BROS
Sec Filings
- 5/17/24 - Form 144
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- BROS's page on the SEC website