Dutch Bros Inc. (NYSE:BROS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $77.05.

A number of equities research analysts have weighed in on the company. Stifel Nicolaus cut their target price on Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Mizuho boosted their price objective on Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Piper Sandler cut their price objective on Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Evercore set a $73.00 target price on Dutch Bros in a report on Monday, January 5th. Finally, Zacks Research cut shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Osterweis Capital Management Inc. bought a new stake in Dutch Bros during the second quarter worth approximately $27,000. Rakuten Securities Inc. increased its holdings in shares of Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after buying an additional 379 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of Dutch Bros during the 4th quarter valued at $31,000. Ankerstar Wealth LLC bought a new stake in shares of Dutch Bros during the 4th quarter worth $31,000. Finally, Quarry LP grew its holdings in shares of Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after acquiring an additional 273 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Up 6.1%

Dutch Bros stock opened at $53.97 on Friday. Dutch Bros has a 52 week low of $46.52 and a 52 week high of $80.62. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 84.33, a PEG ratio of 1.83 and a beta of 2.54. The company’s 50-day moving average price is $58.24 and its two-hundred day moving average price is $58.77. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The business had revenue of $443.61 million during the quarter, compared to analysts’ expectations of $424.44 million. During the same period last year, the firm posted $0.07 earnings per share. The business’s revenue was up 29.4% on a year-over-year basis. On average, analysts expect that Dutch Bros will post 0.57 EPS for the current fiscal year.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.