"As the third-largest coffee shop in the U.S. behind Still, Dutch Bros is Starbucks (NASDAQ:SBUX) and Dunkin Brands, Dutch Bros has 950 stores in 18 states. But the company trails its rivals by a significant margin. In comparison, Dunkin has over 9,000 locations in the U.S. and over 13,000 globally. Starbucks is even bigger, with almost 16,500 locations domestically and another 12,600 or so in international markets."
"As investors, we want to know whether Dutch Bros will be a good investment over the next three or five years and beyond. 24/7 Wall St. is offering readers insights into our assumptions about the stock's prospects, what sort of growth we see in BROS stock for the next several years. We aim to give you our best estimates for Dutch Bros' stock price each year through 2030."
Shares of Dutch Bros rose 22.07% over the past month after a 5.99% decline the month before and remain more than 26% below their year-to-date high. The company has beaten earnings for 11 consecutive quarters and its shares are up 18.98% over the past year. Q3 results showed EPS of $0.19 versus $0.16 expected and revenue of $423.6 million versus $411.1 million expected, a 25.2% year-over-year increase. Dutch Bros operates 950 stores in 18 states, is rapidly expanding with 30+ store openings per quarter for 13 consecutive quarters, and anticipates about 150 new locations this year. Performance from 2021 through the first three quarters of 2024 includes revenues, operating losses, and share price evolution.
Read at 24/7 Wall St.
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