00:00It's Benzinga bringing Wall Street to Main Street
00:02Dutch Bros shares fell more than 4% Tuesday amid a broader sell-off in restaurant and
00:06beverage stocks.
00:07The move follows TD Cowan's decision Friday to maintain a buy rating while lowering its
00:11price target to $59.
00:13Dutch Bros also recently declined to increase its offer to acquire up to 65 Salad & Go locations.
00:19Shares are trading below every major moving average, including 11.3% below the 20-day
00:24average and 25.7% below the 200-day average.
00:27The stock's RSI of 26.75 signals oversold conditions but does not confirm a lasting
00:33bottom.
00:33Dutch Bros faces key resistance at $43.15 and support at $42.31 after falling below its prior
00:4152-week low.
00:42Shares were down 4.29% at $42.17 on Tuesday, according to Benzinga Prodata.
00:49For all things money, visit Benzinga.com.
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