Where Will Dutch Bros Be in 5 Years? [Yahoo! Finance]
Dutch Bros Inc. (BROS)
Company Research
Source: Yahoo! Finance
At the end of 2023, the company operated 831 locations in 16 states. Clearly, growth is the big story, and that isn't likely to change over the next five years. Here's what you need to know before you buy the stock. Dutch Bros has achieved big things As the numbers above highlight, since going public less than three years ago, it has increased its store count by 360 locations. On a percentage basis, that's a roughly 75% jump. That's a massive expansion in a very short time. Management was right on target. In 2018, the company set a goal of having at least 800 locations by 2023. In other words, the company executed well on this aggressive goal. In 2024, Dutch Bros is looking to open another 150 to 165 coffee shops. So the audacious growth plans are nowhere near over. That said, it takes more effort to grow as a company increases in size. For example, Dutch Bros opened 71 locations in 2020. That equated to growth of nearly 20%. The high end of the growth plan for 2024 will lead
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BROS
News
- 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
- 3 Reasons to Buy Dutch Bros Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- Why Dutch Bros Was Climbing Again Today [Yahoo! Finance]Yahoo! Finance
BROS
Earnings
- 5/7/24 - Beat
BROS
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- 5/15/24 - Form 4
- BROS's page on the SEC website