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

• Dutch Bros Inc. BROS.N reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 22 cents to 28 cents per share.

• Revenue rose 29.8% to $549.84 million from a year ago; analysts expected $547.41 million.

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

• The company reported quarterly net income of $27.16 million.

• Dutch Bros Inc. shares had risen by 13.0% this quarter and lost 28.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "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 $71.00, about 38% above its last closing price of $43.99

This summary was machine generated from LSEG data November 4 at 10:51 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)