Dutch Bros Inc reports results for the quarter ended June 30 - Earnings Summary

• Dutch Bros Inc BROS.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 16 cents to 21 cents per share.

• Revenue rose 28% to $415.81 million from a year ago; analysts expected $403.69 million.

• Dutch Bros Inc's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $25.62 million.

• Dutch Bros Inc shares had fallen by 16.0% this quarter and gained 9.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.9% 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 16 "strong buy" or "buy," 2 "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 $80.00, about 27.8% above its last closing price of $57.79

This summary was machine generated from LSEG data August 6 at 09:02 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)