As of January 16, 2024, analysts have set an average 12-month price target of $35.38 for Dutch Bros Inc. (NYSE:BROS), indicating a potential upside of 26.99% from the current price. Notable adjustments to ratings and price targets have been made by key analysts:
– Chris O’Cull from Stifel upgraded the rating to Buy, setting a new price target of $35.00, up from $32.00.
– Jeffrey Bernstein from Barclays also raised the rating to Equal-Weight, with a current price target of $31.00, up from $28.00.
– Nick Setyan from Wedbush upgraded the rating to Outperform, setting a new price target of $37.00, up from $35.00.
– John Ivankoe from JP Morgan upgraded the rating to Overweight, with a current price target of $35.00, up from $30.00.
However, there have also been some downgrades:
– Nick Setyan from Wedbush downgraded the rating to Outperform, with a current price target of $31.00, down from $37.00.
– Jeffrey Bernstein from Barclays also downgraded the rating to Equal-Weight, with a current price target of $26.00, down from $30.00.
Overall, the average 12-month price target has shown an upward trend, with the current average reflecting a 3.14% increase from the previous average price target of $31.86. Currently, the stock has been given a “Hold” rating by 8 analysts, with a 12-month stock price forecast of $33.25, representing an increase of 13.06% from the latest price.
BROS Stock Analysis: Price Rises 1.40% as Market Opens at $28.80 on January 16, 2024
On January 16, 2024, BROS stock opened at $28.80, which was $0.94 higher than its previous close. The stock managed to register a price increase of $0.39 since the market last closed, representing a rise of 1.40% in the stock’s value. Trading near the bottom of its 52-week range suggests relative weakness compared to its performance over the past year. Trading below its 200-day simple moving average indicates a downward trend. The opening price of $28.80 indicates positive market sentiment. Investors should closely monitor the price action of BROS in the coming days to determine its momentum. It is recommended to conduct further research and analysis before making any investment decisions.
BROS Stock Performance: Impressive Growth in Revenue, Net Income, and EPS in 2024
BROS Stock Performance: A Promising Start to 2024
On January 16, 2024, BROS showcased an impressive performance in terms of its stock performance. Let’s delve into the details of BROS’ stock performance on this significant day.
Comparing the total revenue of $739.01 million over the past year to the previous year, BROS has experienced a substantial increase of 48.43%. Additionally, the company’s total revenue also saw a notable increase of 5.85% since the last quarter, reaching $264.51 million.
Over the past year, the company’s net income stood at -$4.75 million. However, in the third quarter of the same year, BROS made a significant turnaround, reporting a net income of $4.21 million. This represents a remarkable increase of 63.19% since the previous year. Furthermore, BROS’ net income also experienced a substantial rise of 52.98% since the last quarter.
BROS has delivered impressive growth in earnings per share (EPS) as well. Over the past year, the company reported an EPS of -$0.09. However, in the third quarter of 2024, BROS achieved a notable increase in EPS, reaching $0.07. This represents a substantial growth of 64.62% since the previous year. Moreover, BROS’ EPS also witnessed a significant increase of 45.93% since the last quarter.
Overall, BROS has started the year 2024 on a highly positive note. The company’s stock performance on January 16, 2024, showcases significant growth in total revenue, net income, and earnings per share. With a 48.43% increase in total revenue since the previous year, BROS has demonstrated its ability to expand its market presence and generate higher levels of revenue. Additionally, the substantial increase in net income and EPS signifies BROS’ successful implementation of strategies to improve profitability and financial performance.
Investors and stakeholders can take confidence in BROS’ strong performance, which indicates the company’s potential for future growth and success. As BROS continues to execute its strategic initiatives and capitalize on market opportunities, it remains a stock to watch in the coming months.
