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Stock impact report

Dutch Bros (BROS) Rated Neutral by Piper Sandler Despite Strong Earnings Beat [Yahoo! Finance]

Dutch Bros Inc. (BROS) 
Company Research Source: Yahoo! Finance
Sandler decreased its price target on Dutch Bros Inc. (NYSE:BROS) from $63 to $59 while keeping a Neutral rating on the company's shares. The firm noted the company's distinct development approach as an indicator of prospective financial leverage and unique risk that is not shared by some of its casual unit growth counterparts. TD Cowen Maintains Buy on Dutch Bros (BROS) Amid Strong Growth According to analyst Brian Mullan, Dutch Bros Inc. (NYSE:BROS) is down about 16% year-to-date despite delivering solid earnings and providing optimistic projections. The company announced adjusted earnings per share of $0.17, which far exceeded the forecast of $0.09. The company's revenue for the quarter came in at $444 million, which exceeded projections of $423.79 million. On the same day, Wolfe Research began coverage of Dutch Bros Inc. (NYSE:BROS), assigning an Outperform rating and a $77 price target. According to the firm, Dutch Bros has numerous levers in place to maintain steady compar Show less Read more
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