Dutch Bros' Stock Opened Friday With a 17.7% Jump, Then Gave It All Back. Here's Why.

Dutch Bros' (NYSE: BROS) stock made some dramatic moves on Friday morning. The drive-through coffee shop operator started the day 17.7% above Thursday's closing price, inspired by a Street-stumping earnings report. But the increase didn't last long, and investors quickly refocused on Dutch Bros' guidance targets. By 11 a.m. ET, the stock had reversed, dropping 1.8% instead. The earnings were great, so what went wrong? Dutch Bros' fourth-quarter sales rose 29% year-over-year to $443.6 million. The analyst ...