Dutch Bros Inc. (NYSE:BROS) on Wednesday posted upbeat third-quarter fiscal 2026 results and narrowed its sales forecast.
Dutch Bros reported quarterly earnings of 25 cents per share, which beat the consensus estimate of 24 cents. Quarterly revenue came in at $549.84 million, just above analyst estimates of $547.41million.
“Dutch Bros continues to gain share in the high-growth beverage category. In the third quarter, we achieved our 14th consecutive quarter of positive same-shop sales and ninth consecutive quarter of same-shop customer visit growth,” said CEO Christine Barone.
Dutch Bros narrowed its fiscal 2026 revenue outlook to $2.1 billion, just shy of the $2.13 billion estimate.
Dutch Bros shares dipped 15.5% to $37.22 in pre-market trading
These analysts made changes to their price targets on Dutch Bros following earnings announcement.
- TD Cowen analyst Andrew M. Charles maintained the stock with a Buy and lowered the price target from $55 to $50.
- Stephens & Co. analyst Jim Salera maintained the stock with an Overweight rating and cut the price target from $65 to $47.
Considering buying BROS stock? Here’s what analysts think:
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