Dutch Bros (NYSE:BROS) Trading 5.6% Higher on Analyst Upgrade

Dutch Bros Inc. (NYSE:BROS) rose 5.6% during mid-day trading on Friday after Stephens upgraded the stock to a strong-buy rating. The stock traded as high as $68.11 and last traded at $69.0150. Approximately 318,771 shares were traded during trading, a decline of 93% from the average session volume of 4,355,249 shares. The stock had previously closed at $65.35.

Other research analysts also recently issued research reports about the stock. KeyCorp lifted their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. TD Cowen restated a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a report on Wednesday, June 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dutch Bros in a research report on Wednesday, May 20th. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. Finally, DA Davidson boosted their price objective on Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the sale, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 23.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the sale, the insider directly owned 2,410,800 shares in the company, valued at $151,928,616. This trade represents a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,086,245 shares of company stock valued at $243,021,771 over the last 90 days. 38.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in Dutch Bros in the first quarter worth about $318,000. Empowered Funds LLC boosted its holdings in Dutch Bros by 15.9% during the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock valued at $2,089,000 after purchasing an additional 4,633 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Dutch Bros by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after purchasing an additional 22,323 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Dutch Bros by 24.2% in the 2nd quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after purchasing an additional 38,697 shares during the period. Finally, State Street Corp grew its stake in shares of Dutch Bros by 6.6% in the 2nd quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $61.73 and a 200-day moving average price of $57.33. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 106.69, a PEG ratio of 2.21 and a beta of 2.31.

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