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

Dutch Bros Inc. (NYSE:BROS) has been given a consensus rating of “Moderate Buy” by the twenty-three ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $77.3333.

BROS has been the topic of several recent research reports. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. KeyCorp boosted their target price on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Oppenheimer upped their target price on Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wolfe Research assumed coverage on Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 target price for the company. Finally, Morgan Stanley reiterated an “overweight” rating and set a $87.00 price target on shares of Dutch Bros in a research report on Thursday, May 7th.

Insider Activity

In related news, CEO Christine Barone sold 42,031 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the transaction, the chief executive officer owned 44,573 shares of the company’s stock, valued at approximately $2,680,174.49. This trade represents a 48.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the transaction, the chairman owned 2,410,800 shares in the company, valued at approximately $151,928,616. The trade was a 23.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 4,086,245 shares of company stock valued at $243,021,771. Corporate insiders own 38.90% of the company’s stock.

Institutional Trading of Dutch Bros

Institutional investors have recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the second quarter valued at about $27,000. Rakuten Securities Inc. lifted its stake in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Dutch Bros in the 4th quarter valued at about $31,000. Ankerstar Wealth LLC purchased a new stake in Dutch Bros during the 4th quarter valued at about $31,000. Finally, Quarry LP boosted its holdings in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after acquiring an additional 273 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Up 2.3%

BROS opened at $73.46 on Thursday. The stock has a market cap of $12.83 billion, a PE ratio of 114.78, a P/E/G ratio of 2.32 and a beta of 2.31. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Dutch Bros has a 52 week low of $44.58 and a 52 week high of $74.65. The business’s fifty day simple moving average is $59.03 and its 200 day simple moving average is $56.96.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business had revenue of $464.41 million for the quarter, compared to the consensus estimate of $449.69 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. As a group, research analysts expect that Dutch Bros will post 0.84 earnings per share for the current fiscal 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.