Dutch Bros. CEO Christine Barone described the coffee chain’s cross-country expansion plans in a Friday interview with CNBC’s Jim Cramer, saying it may be some time before the Oregon-based company opens stores in the Northeast region.”We’re really growing in a contiguous way, so that we’re growing across states that are next to each other,” Barone said. “We just had the ability to enter Florida this year. So, we still have a lot of growth ahead of us. We will be there, but it’ll be a little while.”Dutch Bros. operates in 18 states on the West Coast and in the South,…
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Kenneth Duda, the Chief Technology Officer and Senior Vice President of Software (ETR:) Engineering at Arista Networks , Inc. (NYSE:NYSE:), recently executed a series of transactions involving the company’s common stock. According to a filing with the Securities and Exchange Commission, Duda sold shares worth approximately $8.4 million on November 6, 2024. The shares were sold at prices ranging from $414.14 to $423.555 per share. In addition to these sales, Duda exercised options to acquire 20,000 shares at $17.085 per share. Following these transactions, Duda’s direct ownership in Arista Networks stands at 3,244 shares. The transactions were conducted under a…
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see what these Wall Street heavyweights think about Alphabet (GOOGL). Alphabet currently has an average brokerage recommendation (ABR) of 1.34, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold,…
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As the market eagerly awaits earnings from artificial intelligence (AI) powerhouse Nvidia (NASDAQ: NVDA), investors will be happy to hear that the company’s CEO, Jensen Huang, has announced a new partnership with Lenovo that will accelerate sales in a key area: enterprise. The lion’s share of Nvidia’s revenue is derived from companies like Microsoft, Meta Platforms, and Amazon. The tech giants use its hardware to build gargantuan server farms that run their consumer-facing AI products like Gemini and Meta AI. These companies have poured billions of dollars into Nvidia’s coffers and have no plans to stop in the near future.…
Scott E. Lerner, Executive Vice President and General Counsel of B&G Foods Inc. (NYSE:BGS), recently acquired 7,611 shares of the company’s common stock. The transaction was completed on November 8, with shares purchased at a weighted average price of $6.5692, totaling approximately $49,998. The purchase was executed in multiple trades, with prices ranging from $6.5550 to $6.5700 per share. Following this acquisition, Lerner’s direct ownership in B&G Foods stands at 196,755 shares. In other recent news, B&G Foods reported mixed third-quarter earnings, with net sales reaching $461.1 million and adjusted EBITDA at $70.4 million, both figures falling short of expectations.…
Angela Mago, KeyCorp’s (NYSE:) Chief Human Resources Officer, recently sold 15,011 common shares of the company. The shares were sold at an average price of $19.59 each, amounting to a total sale value of approximately $294,065. Prior to this sale, Mago acquired the same number of shares at a price of $14.11 per share, as part of a transaction that increased her total holdings to 249,593 shares. Following the sale, her total direct ownership now stands at 234,582 shares. In other recent news, KeyCorp reported a 7% quarter-over-quarter increase in net interest income during its Third Quarter 2024 Earnings Call.…
The Chicago Bears will host the New England Patriots at Soldier Field on Sunday, and they’ll again be searching for success on the offensive side of the ball. That starts with their rookie quarterback and his receivers, a group that was invested heavily in but hasn’t produced much this season. 1st & 10: Empty Investments Chicago invested heavily in overhauling its wide receiver room during the offseason. GM Ryan Poles invested the ninth overall selection in the 2024 NFL Draft, a fourth-rounder, and a whopping four-year, $110 million extension in Rome Odunze, Keenan Allen, and DJ Moore. Poles’ heavy investment…
When Blackrock’s Larry Fink put the kibosh on the very term ESG in July 2023, suggesting that it had been weaponized and showing remorse at ever having been involved in such a political debate, it seemed likely that this form of investing would dwindle somewhat. But a year and a half on and the firm still has sustainability on the balance sheet. In fact, in that period even one of the most vocal advocates of the anti-ESG movement, Strive Asset Management, indicated a softening of its anti-woke agenda in order to broaden appeal to a wider audience.Nonetheless Fink’s words have…
(Reuters) -Enphase Energy will cut its global workforce by about 17%, impacting about 500 employees and contractors, it said on Friday, as the solar inverter maker streamlines operations amid slowing residential solar demand. The company, which has been grappling with a deteriorating market for residential solar in Europe, will focus contract manufacturing in four existing locations – two in the US, one in India and one in China. The company will cease its contract manufacturing operations in Guadalajara, Mexico, it added. Enphase’s shares have fallen close to 50% so far this year, with demand for its services weighed down by…