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Dutch Bros (BROS) Stock Jumps 6.6%: Will It Continue to Soar?
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Dutch Bros (BROS - Free Report) shares rallied 6.6% in the last trading session to close at $33.60. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.4% loss over the past four weeks.
The Dutch Bros stock rallied after an upgrade by an analyst at TipRanks. The analyst at TipRanks believes that the stock, which was down more than 30% since August, has upside now. Earlier, the analyst downgraded the stock in August believing that the shares were fairly valued at the time.
Additionally, JP Morgan upgraded the stock’s rating two days before TipRanks. The JP Morgan analyst noted that the stock has become attractive after the recent sell-off, given the company’s continued stability over time on differentiated drinks portfolio. The company offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products. It also features Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels.
This drive-thru coffee chain operator and franchisor is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -73.9%. Revenues are expected to be $195.87 million, up 50.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Dutch Bros, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BROS going forward to see if this recent jump can turn into more strength down the road.
Dutch Bros is part of the Zacks Beverages - Soft drinks industry. Coca-Cola FEMSA (KOF - Free Report) , another stock in the same industry, closed the last trading session 2% higher at $59.93. KOF has returned -7.6% in the past month.
For Coca-Cola FEMSA, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.79. This represents a change of -2.5% from what the company reported a year ago. Coca-Cola FEMSA currently has a Zacks Rank of #3 (Hold).
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Dutch Bros (BROS) Stock Jumps 6.6%: Will It Continue to Soar?
Dutch Bros (BROS - Free Report) shares rallied 6.6% in the last trading session to close at $33.60. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.4% loss over the past four weeks.
The Dutch Bros stock rallied after an upgrade by an analyst at TipRanks. The analyst at TipRanks believes that the stock, which was down more than 30% since August, has upside now. Earlier, the analyst downgraded the stock in August believing that the shares were fairly valued at the time.
Additionally, JP Morgan upgraded the stock’s rating two days before TipRanks. The JP Morgan analyst noted that the stock has become attractive after the recent sell-off, given the company’s continued stability over time on differentiated drinks portfolio. The company offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products. It also features Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels.
This drive-thru coffee chain operator and franchisor is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -73.9%. Revenues are expected to be $195.87 million, up 50.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Dutch Bros, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BROS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Dutch Bros is part of the Zacks Beverages - Soft drinks industry. Coca-Cola FEMSA (KOF - Free Report) , another stock in the same industry, closed the last trading session 2% higher at $59.93. KOF has returned -7.6% in the past month.
For Coca-Cola FEMSA, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.79. This represents a change of -2.5% from what the company reported a year ago. Coca-Cola FEMSA currently has a Zacks Rank of #3 (Hold).