Dutch Bros Inc. (NYSE:BROS) Receives $39.73 Consensus PT from Brokerages

Dutch Bros Inc. (NYSE:BROS) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $39.73.

A number of equities research analysts have commented on BROS shares. Stifel Nicolaus reduced their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research report on Thursday, August 8th. TD Cowen restated a “buy” rating and set a $47.00 price objective on shares of Dutch Bros in a report on Thursday, September 12th. Robert W. Baird decreased their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd.

Dutch Bros Trading Up 0.2 %

Shares of NYSE BROS opened at $34.92 on Friday. Dutch Bros has a 52-week low of $22.67 and a 52-week high of $43.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The firm has a 50 day moving average price of $34.34 and a two-hundred day moving average price of $34.74. The stock has a market cap of $6.19 billion, a P/E ratio of 194.00, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. As a group, equities analysts forecast that Dutch Bros will post 0.32 EPS for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,128,885 shares of company stock valued at $36,124,009. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Dutch Bros by 64.9% during the 4th quarter. Victory Capital Management Inc. now owns 14,443 shares of the company’s stock valued at $457,000 after purchasing an additional 5,685 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Dutch Bros during the 4th quarter valued at about $220,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dutch Bros by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 296,939 shares of the company’s stock valued at $9,404,000 after acquiring an additional 14,158 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Dutch Bros by 51.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 21,974 shares of the company’s stock valued at $696,000 after acquiring an additional 7,446 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Dutch Bros by 126.4% during the 4th quarter. UBS Group AG now owns 327,142 shares of the company’s stock valued at $10,361,000 after acquiring an additional 182,658 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.