Why Dutch Bros Stock Skyrocketed 62% Last Month [Yahoo! Finance]
Dutch Bros Inc. (BROS)
Company Research
Source: Yahoo! Finance
Intelligence . It's not uncommon to see a stock jump after a positive financial report, and the company did report financial results for the third quarter of 2024 on Nov. 6. But a jump of this magnitude is unusual and signals that something extra special happened. Throughout 2024, an increasing number of investors have been betting against Dutch Bros stock -- this is known as short selling . As the chart shows, short interest has been increasing and hit an all-time in late September. And it was still elevated going into November. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » At the risk of oversimplifying things, it seems investors were generally becoming more pessimistic about Dutch Bros going into the Q3 report. But the company shocked investors by turning in a strong report that showed 28% year-over-year revenue growth and net income of nearly $22 million. When investors have low expectations, and the compa
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BROS
News
- Traditional Fast Food Stocks Q3 Earnings: Dutch Bros (NYSE:BROS) Firing on All Cylinders [Yahoo! Finance]Yahoo! Finance
- Dutch Bros Inc. (NYSE: BROS) had its price target raised by analysts at JPMorgan Chase & Co. from $48.00 to $58.00. They now have an "overweight" rating on the stock.MarketBeat
- KFC opening spinoff restaurant Saucy this weekend: What to know [USA TODAY]USA TODAY
- Dutch Bros Expanding Faster Than You Can Say Iced Cofree [Forbes]Forbes
- Dutch Bros Inc. (NYSE: BROS) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
BROS
Earnings
- 11/6/24 - Beat
BROS
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- BROS's page on the SEC website