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Dutch Bros (BROS) Gains As Market Dips: What You Should Know
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Dutch Bros (BROS - Free Report) closed the most recent trading day at $37.98, moving +1.88% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Shares of the drive-thru coffee chain operator and franchisor have depreciated by 15.37% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.63%, and the S&P 500's gain of 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of Dutch Bros in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.24, signifying a 26.32% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $550.38 million, up 29.94% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.98 per share and a revenue of $2.14 billion, signifying shifts of +28.95% and +30.44%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Dutch Bros. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.86% higher. Right now, Dutch Bros possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Dutch Bros is presently being traded at a Forward P/E ratio of 38.08. This valuation marks a premium compared to its industry average Forward P/E of 19.81.
One should further note that BROS currently holds a PEG ratio of 1.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Restaurants was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Dutch Bros (BROS) Gains As Market Dips: What You Should Know
Dutch Bros (BROS - Free Report) closed the most recent trading day at $37.98, moving +1.88% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Shares of the drive-thru coffee chain operator and franchisor have depreciated by 15.37% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.63%, and the S&P 500's gain of 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of Dutch Bros in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.24, signifying a 26.32% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $550.38 million, up 29.94% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.98 per share and a revenue of $2.14 billion, signifying shifts of +28.95% and +30.44%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Dutch Bros. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.86% higher. Right now, Dutch Bros possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Dutch Bros is presently being traded at a Forward P/E ratio of 38.08. This valuation marks a premium compared to its industry average Forward P/E of 19.81.
One should further note that BROS currently holds a PEG ratio of 1.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Restaurants was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.