Why Dutch Bros Stock Fell 15% in April [Yahoo! Finance]
Dutch Bros Inc. (BROS)
Company Research
Source: Yahoo! Finance
the company in April, but investors were unenthused by the 2023 fourth-quarter report in March, and negative sentiment about the economy continued into April. Meet the newest coffee chain in town Dutch Bros operates a small chain of coffee shops across the West Coast, but it has large expansion plans and has been steadily moving east, opening new stores. As of the end of 2023, it has 831 stores in 16 U.S. states and it plans on opening up to 165 more this year. Although it's often compared to mammoth competitor Starbucks , Dutch Bros has its own culture and feel. It's focused on speed and a friendly atmosphere, and it's slightly cheaper than Starbucks. It opened 159 stores last year, exceeding its guidance for 150, and it sees the opportunity for at least 4,000 stores over the next eight or so years. While these stores are generating higher revenue, comparable sales (comps) haven't been growing at a fast clip. They fell to declines for a short time, though they've been acceler
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BROS
News
- With Shares Down Nearly 55%, Is Now the Time to Buy This Restaurant Stock? [Yahoo! Finance]Yahoo! Finance
- The Ultimate Growth Stock to Buy With $500 Right Now [Yahoo! Finance]Yahoo! Finance
- 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