Dutch Bros (NYSE:BROS) Stock Price Expected to Rise, DA Davidson Analyst Says

Dutch Bros (NYSE:BROS) had its target price boosted by DA Davidson from $75.00 to $90.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 28.86% from the company’s previous close.

A number of other brokerages have also recently commented on BROS. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Telsey Advisory Group began coverage on shares of Dutch Bros in a research report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 target price on the stock. Citigroup increased their price target on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating and issued a $87.00 price target on shares of Dutch Bros in a research report on Thursday, May 7th. Finally, Piper Sandler boosted their price objective on Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Dutch Bros Price Performance

Shares of NYSE BROS traded down $0.88 during midday trading on Monday, reaching $69.84. 170,954 shares of the stock traded hands, compared to its average volume of 4,550,288. The company’s 50 day moving average is $56.43 and its 200 day moving average is $56.41. Dutch Bros has a one year low of $44.58 and a one year high of $74.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. The stock has a market capitalization of $12.20 billion, a PE ratio of 109.41, a P/E/G ratio of 2.29 and a beta of 2.36.

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

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. This represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the sale, the chairman directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. The trade was a 23.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of Dutch Bros during the 1st quarter worth approximately $154,000. Pacer Advisors Inc. purchased a new stake in Dutch Bros in the first quarter worth $748,000. Parallel Advisors LLC increased its stake in Dutch Bros by 19.8% in the first quarter. Parallel Advisors LLC now owns 12,978 shares of the company’s stock worth $657,000 after purchasing an additional 2,145 shares during the period. Bank of America Corp DE lifted its position in shares of Dutch Bros by 33.4% during the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after purchasing an additional 454,036 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Dutch Bros by 8.5% during the first quarter. Janus Henderson Group PLC now owns 58,916 shares of the company’s stock valued at $2,987,000 after purchasing an additional 4,638 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

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.