Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessDutch Bros Earns an Upgrade at JPMorgan

Dutch Bros Earns an Upgrade at JPMorgan

Add to Favorite
Added to Favorite


Analysts at JPMorgan upgraded Dutch Bros (NYSE:BROS) from Neutral to Overweight, raising the price target from $30.00 to $35.00.
The analysts noted significant changes in Dutch Bros’ capital structure and shareholder composition in recent months. The company raised approximately $345 million through a primary equity offering on September 7, increasing the shares outstanding by about 8%. This capital infusion reduced the net debt-to-EBITDA ratio (including capital leases) from 4.4x to approximately 2.0x, enhancing the company’s liquidity.
Furthermore, on November 15, the financial sponsor TSG sold 5.9 million shares at $28.16 each, lowering its stake to around 27% of the total share base, or roughly 48 million shares. Co-founder and Executive Chairman Trav Boersma retains about 37% of the total shares.
The analysts’ upgrade follows a comprehensive review of Dutch Bros, incorporating insights from the third-quarter 2023 results and forecasts for fiscal year 2024, derived from extended discussions with company management.

Subscribe to get Latest News Updates

Latest News

You may like more
more

JPMorgan’s 2025 Global Economic Outlook: Resilience Amid Risks

Introduction JPMorgan’s latest "2025 Global Economic Outlook" projects a resilient...

Trump’s Nominations Signal Market Volatility: Insights from Piper Sandler

Key Takeaways from Piper Sandler’s Report 1. Increased Policy Uncertainty Piper...

Stock Market Update: Dow Rebounds Despite Target’s Slump

Introduction The stock market experienced a volatile session but closed...