Dutch Bros Inc

BROS is in a Stage 3 distribution phase marked by a terminal Blow-Off Top and failure to reclaim declining short EMAs, signaling medium-term bearish posture and favoring selling on rallies into moving average resistance.

• ↑Q1 revenue $464 M (+31% YoY) with adj. EBITDA $79 M (+26%)
• ↑Analysts project EPS $0.29 next quarter (+11.5% YoY) on positive revisions
• ↓~60 bps COGS hit from elevated coffee prices; CFO foresees 200 bps margin headwind