Shares of Dutch Bros Inc. Class A (NYSE:BROS) traded today at $54.39, eclipsing its 52-week high. This new high was reached on above average trading volume as 7 million shares traded hands, while the average 30-day volume is approximately 926,000 shares.
Dutch Bros Inc. Class A (NYSE:BROS) is currently priced 0.7% above its average consensus analyst price target of $42.92.
Dutch Bros Inc is a growing brand in the foodservice and restaurant industry in the United States. It has two operating segments. The company-operated shops segment, which is the key revenue driver, represents coffee shop sales to customers. The Franchising and other segment represents bean and product sales to franchisees and includes the initial franchise fees, royalties, marketing fees, and lease income.
Over the past year, Dutch Bros Inc. Class A has traded in a range of $32.42 to $54.39 and is now at $43.20, 33% above that low.
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