Jefferies Financial Group Issues Pessimistic Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its target price dropped by research analysts at Jefferies Financial Group from $75.00 to $60.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 57.76% from the company’s current price.

BROS has been the topic of several other research reports. TD Cowen reiterated a “buy” rating and issued a $59.00 target price on shares of Dutch Bros in a research note on Friday, September 18th. Telsey Advisory Group raised their price target on shares of Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. UBS Group restated a “neutral” rating on shares of Dutch Bros in a report on Thursday, September 10th. Seaport Research Partners assumed coverage on Dutch Bros in a research report on Wednesday, September 16th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Melius Research cut their target price on Dutch Bros from $95.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and an average target price of $73.61.

Dutch Bros Stock Up 0.8%

Shares of BROS traded up $0.29 during trading hours on Tuesday, hitting $38.03. The company had a trading volume of 287,088 shares, compared to its average volume of 4,278,191. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 52.88, a P/E/G ratio of 1.35 and a beta of 2.28. The firm has a fifty day moving average price of $50.87 and a 200-day moving average price of $55.33. Dutch Bros has a 52-week low of $37.40 and a 52-week high of $74.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35.

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

Insider Transactions at Dutch Bros

In related news, Director Todd Penegor purchased 2,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $51.56 per share, with a total value of $103,120.00. Following the acquisition, the director directly owned 7,358 shares in the company, valued at $379,378.48. The trade was a 37.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 38.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BROS. Wellington Management Group LLP increased its stake in shares of Dutch Bros by 38.0% in the second quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after purchasing an additional 851,075 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Dutch Bros by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after buying an additional 39,349 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Dutch Bros during the 4th quarter valued at $108,948,000. Norges Bank bought a new position in Dutch Bros in the 4th quarter worth $96,951,000. Finally, Bank of America Corp DE boosted its holdings in Dutch Bros by 33.4% in the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after buying an additional 454,036 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.

Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.

The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.