The Goldman Sachs Group Initiates Coverage on Dutch Bros (NYSE:BROS)

Stock analysts at The Goldman Sachs Group initiated coverage on shares of Dutch Bros (NYSE:BROS) in a research note issued on Thursday, Marketbeat reports. The brokerage set a “neutral” rating and a $75.00 price target on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 8.18% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Dutch Bros in a research note on Monday, March 31st. Morgan Stanley set a $80.00 target price on Dutch Bros and gave the company an “overweight” rating in a research note on Monday, April 14th. Stifel Nicolaus cut their target price on Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company assumed coverage on Dutch Bros in a research note on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 target price on the stock. Finally, UBS Group cut their target price on Dutch Bros from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.69.

Dutch Bros Price Performance

Dutch Bros stock opened at $69.33 on Thursday. The firm has a market capitalization of $11.40 billion, a P/E ratio of 177.78, a PEG ratio of 3.93 and a beta of 2.73. Dutch Bros has a 1 year low of $26.96 and a 1 year high of $86.88. The business has a 50-day moving average of $67.35 and a 200-day moving average of $64.02. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The business had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same period in the previous year, the firm earned $0.09 EPS. Dutch Bros’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, equities analysts anticipate that Dutch Bros will post 0.57 EPS for the current year.

Insider Activity

In other news, Chairman Travis Boersma sold 531,526 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the transaction, the chairman now directly owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This represents a 18.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total value of $7,855,436.40. Following the completion of the transaction, the insider now owns 2,099,499 shares of the company’s stock, valued at $138,461,959.05. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc purchased a new stake in Dutch Bros in the 1st quarter worth approximately $31,000. Cullen Frost Bankers Inc. purchased a new stake in Dutch Bros in the 1st quarter worth approximately $31,000. Coppell Advisory Solutions LLC lifted its holdings in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after buying an additional 447 shares during the period. Banque Transatlantique SA purchased a new stake in Dutch Bros in the 1st quarter worth approximately $38,000. Finally, Bernard Wealth Management Corp. purchased a new stake in Dutch Bros in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.