Dutch Bros Inc. (NYSE:BROS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dutch Bros Inc. (NYSE:BROS) has earned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $77.50.

Several research firms have recently commented on BROS. Telsey Advisory Group initiated coverage on Dutch Bros in a report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price target on the stock. Stephens initiated coverage on shares of Dutch Bros in a research report on Thursday, July 16th. They set an “overweight” rating and a $80.00 price objective for the company. DA Davidson lifted their target price on shares of Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Finally, Piper Sandler increased their price target on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the transaction, the insider directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christine Barone sold 42,031 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total value of $2,527,324.03. Following the completion of the transaction, the chief executive officer owned 44,573 shares of the company’s stock, valued at $2,680,174.49. The trade was a 48.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is currently owned by company insiders.

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP raised its holdings in Dutch Bros by 15.1% in the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock valued at $189,677,000 after buying an additional 407,528 shares during the period. Ninety One UK Ltd boosted its stake in Dutch Bros by 1.5% during the fourth quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock worth $160,732,000 after buying an additional 39,781 shares during the period. Invesco Ltd. boosted its stake in Dutch Bros by 4.0% during the third quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock worth $127,011,000 after buying an additional 93,515 shares during the period. Geode Capital Management LLC increased its position in shares of Dutch Bros by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after acquiring an additional 39,349 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Dutch Bros by 1.8% in the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock valued at $123,671,000 after acquiring an additional 35,854 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $64.01 on Monday. Dutch Bros has a one year low of $44.58 and a one year high of $74.65. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 100.02, a PEG ratio of 1.94 and a beta of 2.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The business’s 50 day moving average price is $63.20 and its 200 day moving average price is $57.41.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, research analysts predict that Dutch Bros will post 0.84 EPS for the current year.

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.