Dutch Bros Stock Soars to 52-Week High After Strong Earnings Report

The coffee chain's shares surged nearly 40% as it exceeded earnings expectations and raised its full-year revenue guidance.

Dutch Bros reported third-quarter earnings with adjusted EPS of 16 cents, beating analyst estimates of 12 cents.
The company saw a 28% year-over-year increase in revenue, reaching $338.21 million, surpassing the expected $325.14 million.
Dutch Bros raised its full-year revenue guidance to between $1.25 billion and $1.26 billion, up from the previous range of $1.21 billion to $1.23 billion.
The coffee chain opened 38 new stores in the third quarter, most of which are company-operated, enhancing its growth strategy.
Analysts responded positively, with multiple firms raising their price targets for Dutch Bros stock following the earnings report.