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Dutch Bros' stock rises after beating earnings expectations, despite insider sales.
Dutch Bros Inc., a U.S. drive-thru coffee shop operator, saw its shares rise significantly despite insiders selling nearly 3.5 million shares recently.
The company topped earnings expectations, reporting $0.14 EPS for the quarter, and has a market cap of $11.40 billion.
Goldman Sachs initiated coverage with a neutral rating and a $75.00 price target.
Dutch Bros' revenue increased by 28.7% year-over-year, and analysts project 0.57 EPS for the current year.
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Las acciones de Dutch Bros suben tras superar las expectativas de ganancias, a pesar de las ventas internas.