Dutch Bros (NYSE:BROS) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Dutch Bros (NYSE:BROS) from a buy rating to a hold rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Dutch Bros Inc. is an operator and franchisor of drive-thru shops which focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Dutch Bros Inc. is based in GRANTS PASS, Ore. “

Other equities research analysts have also recently issued research reports about the company. Bank of America increased their price target on Dutch Bros from $55.00 to $80.00 and gave the company a buy rating in a research note on Wednesday, October 27th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $47.00 to $58.00 and gave the company an overweight rating in a research report on Tuesday, December 14th. Cowen upped their target price on Dutch Bros from $50.00 to $70.00 and gave the company an outperform rating in a research report on Thursday, November 11th. Jefferies Financial Group assumed coverage on Dutch Bros in a research report on Monday, October 11th. They set a buy rating and a $60.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on Dutch Bros from $52.00 to $70.00 and gave the company a buy rating in a research report on Thursday, November 11th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Buy and an average price target of $65.33.

Dutch Bros stock opened at $45.17 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.61 and a debt-to-equity ratio of 0.35. Dutch Bros has a 52 week low of $32.42 and a 52 week high of $81.40. The stock’s fifty day simple moving average is $52.13.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.15. The firm had revenue of $129.80 million during the quarter, compared to analyst estimates of $122.53 million. As a group, research analysts forecast that Dutch Bros will post -1.39 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Dutch Bros during the third quarter valued at approximately $41,762,000. Franklin Resources Inc. purchased a new stake in shares of Dutch Bros during the third quarter valued at approximately $33,357,000. Janus Henderson Group PLC purchased a new stake in shares of Dutch Bros during the third quarter valued at approximately $29,180,000. Alliancebernstein L.P. purchased a new stake in shares of Dutch Bros during the third quarter valued at approximately $28,865,000. Finally, Becker Capital Management Inc. purchased a new stake in shares of Dutch Bros during the third quarter valued at approximately $19,884,000. Institutional investors own 50.58% of the company’s stock.

About Dutch Bros

Dutch Bros Inc is an operator and franchisor of drive-thru shops which focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Dutch Bros Inc is based in GRANTS PASS, Ore.

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