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

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned a consensus rating of “Moderate Buy” from the twenty-four research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $76.7273.

A number of research analysts have weighed in on BROS shares. Barclays boosted their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, March 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of Dutch Bros in a research note on Friday, February 13th. Mizuho increased their price objective on Dutch Bros from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, Wolfe Research began coverage on Dutch Bros in a research report on Monday, March 9th. They issued an “outperform” rating and a $77.00 target price for the company.

Dutch Bros Stock Up 4.9%

Shares of NYSE:BROS opened at $52.44 on Tuesday. The company has a market capitalization of $8.63 billion, a PE ratio of 81.94, a price-to-earnings-growth ratio of 1.82 and a beta of 2.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.28. The business has a fifty day moving average price of $54.37 and a two-hundred day moving average price of $56.61. Dutch Bros has a 1 year low of $46.52 and a 1 year high of $77.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $443.61 million for the quarter, compared to the consensus estimate of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The firm’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. Analysts forecast that Dutch Bros will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new position in Dutch Bros during the second quarter worth about $27,000. Brown Lisle Cummings Inc. bought a new stake in shares of Dutch Bros in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. raised its position 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 purchasing an additional 379 shares during the period. Ankerstar Wealth LLC purchased a new stake in shares of Dutch Bros during the 4th quarter valued at approximately $31,000. Finally, Quarry LP boosted its holdings in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after buying an additional 273 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Company Profile

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.