Piper Sandler raised the firm’s price target on Dutch Bros (BROS) to $70 from $51 and keeps an Underweight rating on the shares following quarterly results. In summary, it was a stand-out quarter, with system-wide same-store sales of +6.9% and company-operated same-store sales of +9.5%, both of which were well ahead of consensus, and also ahead of the firm’s sense of investor expectations as well, Piper notes.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BROS:
- Dutch Bros Inc. Achieves Robust Growth in 2024
- Dutch Bros Inc: Promising Growth Outlook with Buy Rating and Increased Price Target
- Closing Bell Movers: Cisco gains 7%, Robinhood up 15% on earnings
- Dutch Bros up 28% at $83.05 after Q4 earnings beat, above-consensus guide
- Dutch Bros Inc. Reports Strong 2024 Financial Growth