FY2024 Earnings Estimate for Dutch Bros Inc. (NYSE:BROS) Issued By Wedbush

Dutch Bros Inc. (NYSE:BROS) – Equities research analysts at Wedbush increased their FY2024 earnings estimates for Dutch Bros in a research report issued on Monday, October 14th. Wedbush analyst N. Setyan now anticipates that the company will post earnings of $0.38 per share for the year, up from their prior forecast of $0.36. Wedbush currently has a “Outperform” rating and a $45.00 target price on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.32 per share. Wedbush also issued estimates for Dutch Bros’ FY2025 earnings at $0.49 EPS.

Several other analysts also recently issued reports on the stock. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, August 15th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and set a $47.00 price objective on shares of Dutch Bros in a report on Thursday, September 12th. Barclays decreased their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $36.00 in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.20.

Dutch Bros Stock Performance

Shares of BROS opened at $34.87 on Tuesday. The company’s fifty day moving average is $32.24 and its 200-day moving average is $34.65. Dutch Bros has a 12 month low of $23.31 and a 12 month high of $43.49. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 193.72, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently modified their holdings of the stock. Creative Planning grew its position in shares of Dutch Bros by 5.6% during the 2nd quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after buying an additional 405 shares during the period. Jamison Private Wealth Management Inc. grew its position in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. Keudell Morrison Wealth Management grew its position in shares of Dutch Bros by 5.2% during the 2nd quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock worth $437,000 after buying an additional 524 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros during the 2nd quarter worth approximately $27,000. Finally, Wealth Management Partners LLC grew its position in shares of Dutch Bros by 4.2% during the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after buying an additional 756 shares during the period. 85.54% of the stock is owned by institutional investors.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the transaction, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the transaction, the chairman now directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock valued at $36,124,009 in the last ninety days. Insiders own 46.50% of the company’s stock.

Dutch Bros Company Profile

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.