Dutch Bros Inc. (NYSE:BROS) Receives Average Recommendation of “Moderate Buy” from Analysts

Dutch Bros Inc. (NYSE:BROS) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.73.

Several research firms have issued reports on BROS. Barclays lowered their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, August 15th. Bank of America raised their price target on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. TD Cowen restated a “buy” rating and issued a $47.00 price objective on shares of Dutch Bros in a research report on Thursday, September 12th. Finally, Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $41.00 to $36.00 in a research note on Monday, August 19th.

Insider Activity

In other news, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at $14,938,496. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Travis Boersma sold 800 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the completion of the sale, the chairman now owns 466,828 shares of the company’s stock, valued at $14,938,496. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of Dutch Bros stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total transaction of $57,600.00. Following the completion of the transaction, the insider now directly owns 712,819 shares in the company, valued at $22,810,208. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,128,885 shares of company stock valued at $36,124,009. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors LP bought a new stake in Dutch Bros in the first quarter valued at $41,988,000. Neuberger Berman Group LLC boosted its stake in shares of Dutch Bros by 17.7% during the 4th quarter. Neuberger Berman Group LLC now owns 27,759 shares of the company’s stock valued at $879,000 after purchasing an additional 4,170 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Dutch Bros during the first quarter valued at about $4,430,000. Janney Montgomery Scott LLC raised its stake in Dutch Bros by 96.4% in the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after buying an additional 13,395 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Dutch Bros in the first quarter worth about $200,000. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Up 0.9 %

NYSE:BROS opened at $34.85 on Friday. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $43.49. The stock’s fifty day moving average price is $34.45 and its two-hundred day moving average price is $34.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The company has a market cap of $6.17 billion, a P/E ratio of 193.61, a P/E/G ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 EPS. As a group, analysts expect that Dutch Bros will post 0.32 EPS for the current year.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.