Goldman Sachs analyst Christine Cho has lowered the price target for Dutch Bros (BROS) to $72, an 11.11% decrease from the previous target of $81. The Neutral rating remains unchanged, despite the adjustment in the price target. This move comes after a series of positive outlooks and previous upward adjustments in price targets by various analysts. The average one-year price target from 16 analysts is $81.76, with a high estimate of $92.00 and a low estimate of $72.00, suggesting an upside of 56.20% from the current price.
Goldman Sachs analyst Christine Cho has recently reduced the price target for Dutch Bros (BROS) to $72, marking an 11.11% decrease from the previous target of $81. Despite this downward adjustment, the Neutral rating remains unchanged. This move follows a series of positive outlooks and previous upward revisions in price targets by various analysts. The average one-year price target from 16 analysts is $81.76, with a high estimate of $92.00 and a low estimate of $72.00, suggesting an upside of 56.20% from the current price
The Goldman Sachs Group Cuts Dutch Bros (NYSE:BROS) Price Target to $72.00[1].
The latest earnings report from Dutch Bros, released on August 6, 2023, showed a strong performance with earnings per share (EPS) of $0.26, surpassing the consensus estimate of $0.18 by $0.08. Revenue for the quarter was $415.81 million, up 28.0% year-over-year. The company's net margin was 3.94%, and return on equity was 8.86%
The Goldman Sachs Group Cuts Dutch Bros (NYSE:BROS) Price Target to $72.00[1].
Institutional investors have shown significant interest in Dutch Bros, with hedge funds and other institutional investors owning 85.54% of the stock
The Goldman Sachs Group Cuts Dutch Bros (NYSE:BROS) Price Target to $72.00[1]. Recent insider selling activity has also been notable, with major shareholders and the chairman reducing their positions
The Goldman Sachs Group Cuts Dutch Bros (NYSE:BROS) Price Target to $72.00[1].
Despite the recent price target reduction, Dutch Bros continues to receive a strong average rating of "Buy" from analysts, with two Strong Buy ratings and sixteen Buy ratings
The Goldman Sachs Group Cuts Dutch Bros (NYSE:BROS) Price Target to $72.00[1]. The company's market capitalization stands at $8.60 billion, with a PE ratio of 110.93 and a beta of 2.64
The Goldman Sachs Group Cuts Dutch Bros (NYSE:BROS) Price Target to $72.00[1].
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