Company Performance - Dutch Bros (BROS) closed at $61.94, reflecting a -0.86% change from the previous day, underperforming compared to the S&P 500's gain of 0.64% [1] - The stock has decreased by 23.78% over the past month, significantly worse than the Retail-Wholesale sector's loss of 11.57% and the S&P 500's loss of 7.69% [1] Earnings Projections - The upcoming EPS for Dutch Bros is projected at $0.12, indicating a 33.33% increase year-over-year [2] - The Zacks Consensus Estimate for revenue is $341.56 million, representing a 24.16% increase from the same period last year [2] - For the full year, analysts expect earnings of $0.62 per share and revenue of $1.58 billion, marking increases of +26.53% and +23.37% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Dutch Bros reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Dutch Bros at 3 (Hold) [6] Valuation Metrics - Dutch Bros has a Forward P/E ratio of 101.01, which is significantly higher than the industry average of 22.82 [7] - The company also has a PEG ratio of 2.98, compared to the Retail - Restaurants industry's average PEG ratio of 2.07 [7] Industry Context - The Retail - Restaurants industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 127, placing it in the top 50% of over 250 industries [8] - Research indicates that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [8]

The stock market has had a phenomenal run over the past few years, but it recently slumped into correction territory as traders grew concerned about the possibility that tariffs and a trade war could slow the U.S. economy. As of Thursday morning, the Nasdaq Composite was down about 13% from its peak, and the S&P 500 was off by almost 10%.History shows that market dips are generally great opportunities to buy quality growth stocks at lower valuations. Buying when Wall Street is pessimistic about the future c ...

Dutch Bros' (BROS 3.01%) stock price has roughly doubled over the past year. Given the growth that the coffee chain has achieved, that's perhaps not surprising. But there's a small problem here that investors have to consider: Is Dutch Bros growing enough to justify its price tag?What are investors paying for Dutch Bros?There are a number of traditional valuation metrics that investors lean on when trying to assess how attractive a stock is, including the price-to-sales (P/S), price-to-earnings (P/E), and p ...

Core Insights - Dutch Bros Inc. is experiencing significant growth, with a projected revenue increase of 30% in 2024 and an estimated 24% growth in 2025 [1] Company Summary - The company is a fast-growing coffee chain, indicating a strong market presence and potential for continued expansion [1] - The stock price is currently at a pivotal point, suggesting that investors should closely monitor its performance in relation to revenue growth [1] Financial Performance - The revenue growth rates of 30% for 2024 and 24% for 2025 highlight the company's robust financial health and operational efficiency [1]

Core Insights - Dutch Bros stock experienced a 27% increase in February, driven by strong fourth-quarter results and positive market sentiment towards its growth opportunities [1] - The company has surpassed the 1,000-store mark, indicating strong customer resonance and significant growth potential [2] - Dutch Bros operates primarily drive-thru locations with a unique coffee brand, expanding its presence to 18 U.S. states while maintaining a focus on the West Coast [3] Financial Performance - The fourth quarter of 2024 saw a 35% year-over-year sales increase and a 6.9% rise in same-store sales, with 32 new stores opened, totaling 151 for the year [4] - The contribution margin for company-operated shops improved to 28.9% in the fourth quarter, up from 26.5% the previous year, and net income shifted from a $3.8 million loss in 2023 to a positive $6.8 million in 2024 [5] Growth Strategy - Dutch Bros plans to maintain momentum through new store openings, menu expansion, and the rollout of digital ordering, alongside a revamped real estate strategy [6] - The company anticipates a 22% revenue increase and a 3% rise in same-store sales for the current year, with a target of opening 160 new stores [6] Market Valuation - Over the past year, Dutch Bros stock has risen by 157%, currently trading at a P/E ratio of 224, indicating that significant growth expectations are already priced in [7]

Core Viewpoint - Dutch Bros Inc. (BROS) has shown exceptional stock performance, gaining 38.1% over the past month, significantly outperforming the industry and the S&P 500 [1] Group 1: Price Performance - BROS's stock has outperformed peers such as Kura Sushi USA, Chipotle, and McDonald's during the same period [1] - The stock is currently trading above its 50-day moving average, indicating strong upward momentum and price stability [4][5] Group 2: Financial Performance - The company reported a 34.9% year-over-year revenue growth in Q4 2024, driven by strong brand momentum and customer engagement [6] - For 2025, BROS expects revenue growth of 21-23% and same-shop sales growth of 2-4% [10] - Adjusted EBITDA is projected to be between $265 million and $275 million, reflecting a year-over-year growth of 15-20% [10] Group 3: Mobile Ordering and Customer Engagement - As of December 31, 2024, approximately 96% of locations and 99% of company-operated stores offered mobile ordering, with Rewards members completing 5.4 million transactions [7] - Mobile orders accounted for about 8% of overall sales, with higher penetration in newer markets [8] Group 4: Expansion Strategy - Dutch Bros plans to open at least 160 new shops in 2025, with expectations for accelerated growth in 2026 [9] - The company has invested significantly in its development team and processes to enhance shop productivity and long-term growth [9] Group 5: Analyst Estimates - Analysts have revised earnings estimates for 2025 and 2026 upwards by 8.6% and 13.3%, respectively, indicating year-over-year growth rates of 28.6% and 35.6% [11] Group 6: Valuation and Market Position - BROS is trading at a premium valuation with a forward price-to-earnings ratio of 125.75X, compared to the industry average of 27.3X [14]

I am an Equity Analyst and Accountant specializing in restaurant stocks, with a solid foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage spans multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining. We employ advanced analytical models and specialized valuation techniq ...

Core Viewpoint - Dutch Bros has reported strong fourth-quarter results and optimistic guidance, leading to a significant increase in its stock price, which has risen nearly 200% over the past year and more than 50% year-to-date [1] Expansion Strategy - Dutch Bros is primarily focused on expansion, having opened 151 new stores in 2024, with plans to open at least 160 new locations in 2025, representing approximately 16% unit growth [2] - The company ended 2024 with 982 locations, of which 670 were company-owned [2] Store Concept and Financial Returns - The newer concept stores are smaller, typically between 800 to 1,000 square feet, featuring multiple drive-thru lanes and a walk-up window [3] - The year-two cash-on-cash returns at the time of the IPO ranged from 35% to 75%, depending on the type of lease arrangement, indicating strong financial performance [3] Revenue and Sales Performance - Q4 revenue increased by 35% to $342.8 million, surpassing analyst expectations of $318.8 million [4] - Same-store sales rose by 6.9%, with company-operated comparable-store sales increasing by 9.5%, driven by innovation and successful limited-time offerings [5] Mobile Ordering and Gross Margins - 96% of locations now offer mobile ordering, with 8% of orders coming from mobile devices, and 71% of transactions are from rewards members [6] - Company-operated store gross margins improved by 280 basis points to 21.4%, despite rising coffee prices, indicating potential for strong profitability [6] Earnings Growth - Adjusted EBITDA increased by 41% year-over-year to $48.8 million, while adjusted EPS rose 75% from $0.04 to $0.07, exceeding analyst expectations [7] Future Projections - The company forecasts 2025 revenue between $1.555 billion and $1.575 billion, reflecting a growth of 22% at the midpoint, with same-store sales expected to grow between 2% and 4% [8] Food Offering Expansion - Initial food tests have shown promise, and the company plans to expand its food offerings, which currently account for only 2% of sales, compared to 19% at Starbucks [9][10] Stock Valuation - Dutch Bros has experienced significant stock price appreciation, now trading around 7 times its 2025 estimates, which is more than double that of Starbucks, indicating that the stock may no longer be a bargain [11]

Group 1: Dutch Bros - Dutch Bros has grown to 982 locations with trailing revenue of $1.3 billion and continues to report solid financial performance as it expands across the U.S. [2][4] - The company reported a 35% year-over-year revenue growth in the fourth quarter, driven by 32 new shop openings and a 6.9% increase in same-shop sales [4]. - Dutch Bros closed 2024 with adjusted net income of $88 million, up from $50 million in 2023, indicating improving margins [5]. - The company promotes new shop managers from within, fostering consistent service and brand passion, and has potential to open thousands of locations as it currently operates in only 18 states [6]. Group 2: Lululemon Athletica - Lululemon has established a powerful brand, starting from a retail space in a yoga studio in 1998 to 749 company-operated stores worldwide as of October 27, 2024, with 39% of revenue from online sales [8]. - The company has experienced close to 20% annual revenue growth over the last decade, with earnings growing slightly faster, and has significant room for global expansion [8]. - Revenue from the Americas accounted for 74% of the business in the fiscal third quarter, indicating growth potential in Europe and China [9]. - Comparable sales in China increased by 27% in the fiscal third quarter, highlighting the opportunity presented by the growing middle class [10]. - Women's products generated over $1.5 billion in revenue in fiscal Q3, making up 65% of total revenue, while high customer satisfaction scores suggest potential for increased male customer engagement [11]. - The stock trades at a reasonable valuation of around 26 times this year's earnings estimate, with a 500% increase over the last decade, indicating continued growth potential [12].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-K ______________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40798 ______________________________ DUTCH BROS INC. ...