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

Shares of Dutch Bros Inc. (NYSE:BROS) have received an average rating of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $77.15.

A number of equities analysts recently weighed in on the stock. DA Davidson cut their price target on shares of Dutch Bros from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. KeyCorp raised their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research report on Friday, July 17th. Oppenheimer boosted their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada reduced their target price on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th.

Insider Activity at Dutch Bros

In related 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 value of $47,265,000.00. Following the transaction, the chairman owned 2,410,800 shares in the company, valued at approximately $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This trade represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,351,718 shares of company stock worth $201,734,008. 38.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in Dutch Bros in the 1st quarter valued at about $318,000. Empowered Funds LLC boosted its position in Dutch Bros by 15.9% during the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after purchasing an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Dutch Bros by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after purchasing an additional 22,323 shares during the period. California Public Employees Retirement System increased its stake in shares of Dutch Bros by 24.2% in the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock worth $13,598,000 after purchasing an additional 38,697 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Dutch Bros by 6.6% in the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock worth $135,266,000 after purchasing an additional 121,683 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 1.6%

BROS stock opened at $51.11 on Friday. The stock’s fifty day simple moving average is $62.56 and its two-hundred day simple moving average is $56.82. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. Dutch Bros has a 1-year low of $44.58 and a 1-year high of $74.65. The stock has a market cap of $8.93 billion, a P/E ratio of 70.98, a P/E/G ratio of 1.85 and a beta of 2.32.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The firm had revenue of $550.85 million during the quarter, compared to the consensus estimate of $525.38 million. During the same quarter in the prior year, the company earned $0.26 EPS. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. Analysts expect that Dutch Bros will post 0.87 EPS for the current 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.