Dutch Bros (BROS) shares jumped 27% in recent Thursday trading after Wedbush and UBS boosted their price targets on the stock following higher Q4 results.
Wedbush raised its target to $100 from $65 and maintained its outperform rating. UBS boosted its target to $90 from $67 and kept the buy rating.
Dutch Bros reported Q4 adjusted net income late Wednesday of $0.07 per share, up from $0.04 a year earlier. Analysts polled by FactSet expected $0.02.
Revenue in the three months ended Dec. 31 rose to $342.8 million from $254.1 million a year earlier. Analysts surveyed by FactSet expected $318.8 million.
In 2025, the company expects revenue of $1.56 billion to $1.58 billion. Analysts expect $1.53 billion.
Price: 82.31, Change: +17.60, Percent Change: +27.20
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