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

Dutch Bros Inc. (NYSE:BROS) has received a consensus rating of “Moderate Buy” from the twenty-four analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $77.3333.

BROS has been the subject of several recent analyst reports. Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. DA Davidson lifted their price objective on Dutch Bros from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Telsey Advisory Group began coverage on Dutch Bros in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $66.00 price target for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. Finally, Citigroup upped their target price on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 7th.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chairman directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 23.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros 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 completion of the sale, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 9.77% 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 sold 4,086,245 shares of company stock valued at $243,021,771. Company insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. purchased a new stake in Dutch Bros during the 2nd quarter valued at about $27,000. Rakuten Securities Inc. raised its stake in shares of Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the period. Brown Lisle Cummings Inc. purchased a new position in shares of Dutch Bros during the fourth quarter worth $31,000. Ankerstar Wealth LLC acquired a new position in Dutch Bros in the 4th quarter valued at about $31,000. Finally, Quarry LP increased its stake in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Price Performance

BROS stock traded down $1.10 during trading on Thursday, hitting $66.99. 435,243 shares of the company’s stock traded hands, compared to its average volume of 4,456,099. Dutch Bros has a 52 week low of $44.58 and a 52 week high of $74.65. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 105.18, a P/E/G ratio of 2.33 and a beta of 2.31. The business has a fifty day simple moving average of $59.99 and a 200 day simple moving average of $57.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm 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%. The business’s revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. As a group, research analysts expect that Dutch Bros will post 0.84 EPS for the current fiscal year.

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.