Dutch Bros (NYSE:BROS) Rating Reiterated by TD Cowen

Dutch Bros (NYSE:BROS)‘s stock had its “buy” rating reissued by TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They currently have a $47.00 price objective on the stock. TD Cowen’s target price indicates a potential upside of 38.15% from the stock’s previous close.

Several other research firms have also commented on BROS. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, August 15th. Robert W. Baird dropped their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Piper Sandler lowered Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $41.00 to $36.00 in a report on Monday, August 19th. Finally, Stifel Nicolaus dropped their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.73.

Dutch Bros Stock Up 0.1 %

Shares of BROS stock opened at $34.02 on Thursday. The stock’s 50-day simple moving average is $35.13 and its 200-day simple moving average is $34.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The firm has a market capitalization of $5.25 billion, a PE ratio of 190.18, a P/E/G ratio of 2.70 and a beta of 2.49. Dutch Bros has a fifty-two week low of $22.67 and a fifty-two week high of $43.49.

Dutch Bros (NYSE:BROS) last posted 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 firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. Equities analysts expect that Dutch Bros will post 0.32 earnings per share for the current year.

Insider Activity

In related news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the transaction, the insider now owns 512,300 shares in the company, valued at $16,593,397. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the transaction, the insider now owns 512,300 shares in the company, valued at $16,593,397. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 800 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now directly owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. The disclosure for this sale can be found here. Insiders have sold a total of 1,096,452 shares of company stock worth $35,018,776 over the last quarter. 46.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after buying an additional 1,661,778 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Dutch Bros in the second quarter valued at $57,435,000. Wasatch Advisors LP acquired a new stake in shares of Dutch Bros in the first quarter valued at $41,988,000. Concurrent Investment Advisors LLC grew its stake in shares of Dutch Bros by 846.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after buying an additional 1,109,370 shares in the last quarter. Finally, Joho Capital LLC grew its stake in shares of Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after buying an additional 1,106,511 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.