RBC Capital Initiates a Buy Rating on Dutch Bros Inc (BROS)
RBC Capital analyst Logan Reich initiated coverage with a Buy rating on Dutch Bros Inc (BROS – Research Report) today and set a price target of $83.00. The company’s shares closed yesterday at $70.23.
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According to TipRanks, Reich is an analyst with an average return of -8.0% and a 36.00% success rate. Reich covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Domino’s Pizza, and Sweetgreen.
In addition to RBC Capital, Dutch Bros Inc also received a Buy from William Blair’s Sharon Zackfia in a report issued on May 8. However, on the same day, Piper Sandler maintained a Hold rating on Dutch Bros Inc (NYSE: BROS).
Based on Dutch Bros Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $355.15 million and a net profit of $15.35 million. In comparison, last year the company earned a revenue of $275.1 million and had a net profit of $7.06 million
Read More on BROS:
Disclaimer & DisclosureReport an Issue
- Dutch Bros Inc. Reports Strong Growth Amid Challenges
- ‘Expect BROS Stock to Keep Climbing,’ Say Wall Street Analysts
- Dutch Bros price target lowered to $82 from $85 at Stifel
- Optimistic Buy Rating for Dutch Bros Inc: Strong Q1 Performance and Strategic Growth Initiatives Drive Positive Outlook
- Dutch Bros price target lowered to $63 from $70 at Piper Sandler
