Q3 Earnings Estimate for Dutch Bros Issued By William Blair

Dutch Bros Inc. (NYSE:BROS) – Analysts at William Blair increased their Q3 2024 earnings estimates for Dutch Bros in a report issued on Wednesday, October 23rd. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.07. The consensus estimate for Dutch Bros’ current full-year earnings is $0.32 per share.

Dutch Bros (NYSE:BROS) last announced 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 business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share.

A number of other equities research analysts also recently issued reports on BROS. TD Cowen reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Dutch Bros in a research report on Thursday, September 12th. Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $41.00 to $36.00 in a research report on Monday, August 19th. UBS Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, August 15th. Stifel Nicolaus reduced their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Robert W. Baird reduced their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.20.

Dutch Bros Trading Down 2.3 %

NYSE:BROS opened at $35.09 on Monday. Dutch Bros has a one year low of $23.31 and a one year high of $43.49. 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 firm has a 50-day moving average of $32.91 and a 200-day moving average of $34.81. The company has a market cap of $6.22 billion, a PE ratio of 195.00, a PEG ratio of 2.55 and a beta of 2.49.

Institutional Trading of Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in BROS. Vanguard Group Inc. raised its position in shares of Dutch Bros by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock valued at $150,447,000 after buying an additional 135,918 shares in the last quarter. Wasatch Advisors LP purchased a new stake in shares of Dutch Bros during the 1st quarter valued at $41,988,000. Principal Financial Group Inc. purchased a new stake in shares of Dutch Bros during the 1st quarter valued at $395,000. Commonwealth Equity Services LLC grew its holdings in shares of Dutch Bros by 1.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 113,801 shares of the company’s stock valued at $3,755,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Dutch Bros by 96.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the sale, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dutch Bros news, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total value of $2,908,341.60. Following the sale, the chairman now directly owns 125,671 shares in the company, valued at $4,527,926.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,249,928 shares of company stock worth $40,485,189. 46.50% of the stock is owned by corporate insiders.

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.