Dutch Bros Inc reports results for the quarter ended March 31 - Earnings Summary

• Dutch Bros Inc BROS.N reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 7 cents to 13 cents per share.

• Revenue rose 29.1% to $355.15 million from a year ago; analysts expected $344.67 million.

• Dutch Bros Inc's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $15.35 million.

• Dutch Bros Inc shares had fallen by 3.5% this quarter and gained 13.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the restaurants & bars peer group is also "buy"

• Wall Street's median 12-month price target for Dutch Bros Inc is $77.00

This summary was machine generated from LSEG data May 7 at 09:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)