Previous close | 6.1300 |
Open | 6.0000 |
Bid | 4.6500 |
Ask | 5.1000 |
Strike | 130.00 |
Expiry date | 2023-01-20 |
Day's range | 4.9000 - 6.0000 |
Contract range | N/A |
Volume | |
Open interest | 2.33k |
The rising cost of milk curdled coffee shop Dutch Bros' (NYSE: BROS) first-quarter earnings report, causing the market to pour out its stock like day-old joe. While first-quarter sales and profits beat Wall Street expectations, the ravages of inflation hit harder than expected, leading Dutch Bros to lower its outlook for adjusted earnings and same-store sales for the year. The fast-growing coffee shop is still in expansion mode, boosting the number of new locations it will open this year by five to 130, most of which will be company-owned stores.
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It feels like the market is holding a fire sale. Avoid the really speculative stocks, but some dividend names look tempting.