Stoney.... near term BROS is a bit risky... but if you buy it and just forget about it, I think you'll do well. The only thing I don't like is they forecast same store sales in the mid single digits. When Chipotles was at this stage, same store sales were 30%+ quarter after quarter. And they beat them too. Other than that, the growth is there. But that said, its pricey af so near term, you might see it drop below $40. That's the best I can tell ya brother.
SHORT INTEREST DECLINERS Estimated short interest in Ortex screen newcomer Dutch Bros (BROS) has receded this week, falling from 36% to 27.7%, while days-to-cover on the name also slipped by about 1.5 points to 4.7 – the lowest level in two months for both measures. The stock has come under some heavy insider selling this month – CEO Joth Ricci sold over $3M in stock on March 7 and Dutch Bros COO and CFO also reported incremental sales into strength last week. I know I'm bad with months.. But those sales right before that lockup exp right? They are probably going to murder the number! I sense UPSIDE....
GOD HELP ME I'M IN- @$48 Action Quantity Description Price type Price Duration Buy 200 DUTCH BROS INC CL A (BROS) Market MKTMarket Good for Day $47.99<-----
If you don't hear from me again it's Gordon's fault. Dutch Bros initiated with a Buy at Gordon Haskett 04/13 BROS Gordon Haskett analyst Jeff Farmer initiated coverage of Dutch Bros with a Buy rating and $64 price target. The company is "without peer" when it comes to brick and mortar value creation potential over the next five years, Farmer tells investors in a research note. The analyst believes Dutch Bros has recently reached a unit development and "value creation tipping point" and that it should deliver a multi-year run of high-teens unit growth and 35% EBITDA growth.