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

Dutch Bros Inc. (NYSE:BROS) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $34.44.

Several equities research analysts recently commented on BROS shares. Guggenheim restated a “neutral” rating and issued a $30.00 price target on shares of Dutch Bros in a research report on Friday, April 5th. Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $37.00 in a research report on Monday, March 4th. Wedbush reiterated an “outperform” rating and issued a $37.00 target price on shares of Dutch Bros in a research report on Wednesday, April 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 target price on shares of Dutch Bros in a research report on Wednesday, April 3rd. Finally, TD Cowen reiterated a “hold” rating and issued a $33.00 target price on shares of Dutch Bros in a research report on Friday.

Insider Activity

In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 404,950 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the transaction, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,907,188 shares of company stock worth $561,438,392. 46.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BROS. FMR LLC grew its stake in Dutch Bros by 42.9% in the 3rd quarter. FMR LLC now owns 8,581,751 shares of the company’s stock valued at $199,526,000 after buying an additional 2,578,145 shares during the last quarter. Wasatch Advisors LP acquired a new position in Dutch Bros in the 1st quarter valued at $41,988,000. Vanguard Group Inc. grew its stake in Dutch Bros by 32.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock valued at $107,288,000 after buying an additional 1,120,908 shares during the last quarter. American Century Companies Inc. grew its stake in Dutch Bros by 191.7% in the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after buying an additional 773,616 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in Dutch Bros in the 3rd quarter valued at $11,549,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Down 1.0 %

Shares of NYSE:BROS opened at $28.59 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The company has a market cap of $5.06 billion, a PE ratio of 953.00, a price-to-earnings-growth ratio of 4.48 and a beta of 2.41. Dutch Bros has a 52 week low of $22.67 and a 52 week high of $36.17. The firm has a 50 day simple moving average of $31.25 and a 200 day simple moving average of $29.00.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. As a group, research analysts expect that Dutch Bros will post 0.26 earnings per share for the current year.

About Dutch Bros

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.