Dutch Bros (NYSE:BROS) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Dutch Bros (NYSE:BROS) released its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07, FiscalAI reports. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%.

Dutch Bros Price Performance

BROS traded down $2.52 on Thursday, hitting $51.00. 7,209,299 shares of the company’s stock were exchanged, compared to its average volume of 4,919,743. Dutch Bros has a fifty-two week low of $47.16 and a fifty-two week high of $86.88. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 102.00, a P/E/G ratio of 2.31 and a beta of 2.54. The firm has a 50-day moving average price of $60.35 and a 200-day moving average price of $59.46. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Evercore set a $73.00 price target on Dutch Bros in a research note on Monday, January 5th. Stifel Nicolaus cut their price objective on Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Piper Sandler reduced their target price on Dutch Bros from $73.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Zacks Research cut shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, KeyCorp reissued an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average price target of $77.19.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 9,817 shares in the company, valued at approximately $544,254.48. The trade was a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 1,678,616 shares of the stock in a transaction dated 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 completion of the sale, the chairman owned 9,817 shares of the company’s stock, valued at approximately $544,254.48. The trade was a 99.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,465,214 shares of company stock worth $189,800,291. Insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BROS. Balyasny Asset Management L.P. boosted its position in shares of Dutch Bros by 196.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock valued at $95,112,000 after acquiring an additional 1,203,338 shares during the last quarter. Amundi raised its stake in Dutch Bros by 90.4% during the third quarter. Amundi now owns 1,390,216 shares of the company’s stock worth $68,162,000 after purchasing an additional 660,036 shares during the period. Freestone Grove Partners LP purchased a new position in Dutch Bros during the third quarter worth about $30,921,000. Goldman Sachs Group Inc. grew its stake in shares of Dutch Bros by 57.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,294,102 shares of the company’s stock valued at $79,225,000 after buying an additional 472,978 shares during the period. Finally, Mane Global Capital Management LP increased its holdings in shares of Dutch Bros by 66.1% during the 3rd quarter. Mane Global Capital Management LP now owns 873,135 shares of the company’s stock worth $45,700,000 after buying an additional 347,519 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.