Dutch Bros, Inc.

Dutch Bros, Inc. (NYSE: BROS) owns and runs drive-thru restaurants. Through company-operated shops and online platforms, the company sells Dutch Bros hot and cold espresso-based beverages, cold brew coffee products, Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages.

Key Highlights:

• The company plans to open at least 30 system stores in the Q4FY21 and 125 by FY22.
• The company reported a growth of 49.79% in revenues to USD 129.80 million in Q3FY21 (ended September 30, 2021) compared to USD 86.66 million in Q3FY20.
• However, the company incurred a net loss of USD 117.14 million in Q3FY21 vs. a net income of USD 6.66 million in Q3FY20.
• On January 4, 2022, BROS announced the appointment of Leigh Gower as the first Chief Technology Officer of Dutch Bros Coffee, a drive-thru beverage firm.
• Stock is currently trading below its crucial short-term (50-day) SMA support levels, a bearish indicator.
• The stock is leaning towards the lower end of its 52-week range of USD 32.42 to USD 81.40.

Technical Price Chart (as of January 12, 2022). Analysis by Kalkine

Conclusion: We propose a "Watch" rating on the stock at the current price of USD 45.99, down 8.40%, as of January 12, 2022, based on the growth in top-line performance, increase in the number of stores, profitability issues, as well as decent technical indicators.

*The reference data in this report has been partly sourced from REFINITIV.

Iris Energy Limited

Iris Energy Limited (NASDAQ: IREN) is a green Bitcoin mining company that promotes local communities, energy market decarbonization, and the global Bitcoin network. Its mining operations make money by earning Bitcoin through block rewards and transaction fees and then exchanging those Bitcoin for currencies like USD or CAD daily.

Key Highlights:

• After completing a USD 232 million Nasdaq IPO in November 2021, IREN has moved quickly to invest its cash, making significant progress in British Columbia, Canada, and several other locations under construction.
• The company is installing the latest generation hardware (1,666 Bitmain S19j Pro) to replace current lower efficiency hardware resulted in a 14% increase in hashrate.
• In December 2021, 124 Bitcoins were mined (up 10%), producing USD 6.2 million in monthly operating revenue.
• Design, planning, and electrical connection studies have made significant progress on potential large-scale project sites in Texas.
• The stock currently operates at an RSI level of 33.37, indicating an oversold zone.
• The stock is leaning towards the lower end of its 52-week range of USD 11.04 to USD 28.25.

Technical Price Chart (as of January 12, 2022). Analysis by Kalkine

Conclusion: As the company is working on low-cost renewables, long-term infrastructure stability, and technical indicators, we recommend that investors keep an eye on the stock currently trading at USD 12.41, up 0.65% as of January 12, 2022.

*The reference data in this report has been partly sourced from REFINITIV.

Disclaimer

References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.

This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.

The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. No advice or information, whether oral or written, obtained by you from Kalkine or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation.

Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall NOT be held liable for any investment or trading losses you may incur by using the opinions expressed in our publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.

Kalkine Media Limited, an affiliate of Kalkine Limited, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.