Dutch Bros Inc. (NYSE:BROS) Receives $76.67 Consensus Target Price from Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have earned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $76.6842.

A number of brokerages recently issued reports on BROS. Piper Sandler dropped their target price on shares of Dutch Bros from $73.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a report on Wednesday, October 8th. Stifel Nicolaus reduced their target price on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, October 31st. UBS Group restated a “buy” rating on shares of Dutch Bros in a research note on Tuesday. Finally, Zacks Research cut Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,678,616 shares of Dutch Bros stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the sale, the chairman owned 9,817 shares in the company, valued at $544,254.48. The trade was a 99.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the completion of the sale, the insider directly owned 9,817 shares in the company, valued at $544,254.48. This trade represents a 98.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,465,214 shares of company stock valued at $189,800,291. 42.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedmont Private Capital grew its stake in shares of Dutch Bros by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 5,473 shares of the company’s stock valued at $363,000 after purchasing an additional 158 shares during the period. RiverPark Advisors LLC grew its position in Dutch Bros by 4.8% in the second quarter. RiverPark Advisors LLC now owns 3,966 shares of the company’s stock valued at $271,000 after acquiring an additional 181 shares during the period. KLP Kapitalforvaltning AS raised its stake in Dutch Bros by 0.8% during the third quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock worth $1,319,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Dutch Bros by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock valued at $975,000 after acquiring an additional 200 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its stake in shares of Dutch Bros by 3.9% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock valued at $282,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

NYSE BROS opened at $61.85 on Friday. The stock has a 50-day simple moving average of $56.14 and a 200 day simple moving average of $61.41. Dutch Bros has a twelve month low of $47.16 and a twelve month high of $86.88. The stock has a market capitalization of $10.18 billion, a PE ratio of 123.71, a P/E/G ratio of 3.11 and a beta of 2.55. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.52.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The firm had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s revenue was up 25.3% on a year-over-year basis. Research analysts anticipate that Dutch Bros will post 0.57 EPS for the current year.

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.