FY2024 Earnings Estimate for Dutch Bros Inc. (NYSE:BROS) Issued By Wedbush

Dutch Bros Inc. (NYSE:BROS) – Wedbush upped their FY2024 EPS estimates for Dutch Bros in a research report issued on Monday, October 14th. Wedbush analyst N. Setyan now anticipates that the company will post earnings of $0.38 per share for the year, up from their prior estimate of $0.36. Wedbush has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.32 per share. Wedbush also issued estimates for Dutch Bros’ FY2025 earnings at $0.49 EPS.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm 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%. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share.

A number of other research analysts have also recently issued reports on BROS. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Robert W. Baird reduced their price target 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. Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $41.00 to $36.00 in a report on Monday, August 19th. TD Cowen reiterated a “buy” rating and issued a $47.00 price target on shares of Dutch Bros in a report on Thursday, September 12th. Finally, Barclays reduced their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $40.20.

Dutch Bros Stock Up 2.0 %

Shares of NYSE BROS opened at $34.87 on Tuesday. The stock has a market cap of $6.18 billion, a P/E ratio of 193.72, a P/E/G ratio of 2.55 and a beta of 2.49. The firm has a 50 day moving average price of $32.24 and a 200 day moving average price of $34.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros has a 52-week low of $23.31 and a 52-week high of $43.49.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 800 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now owns 466,828 shares of the company’s stock, valued at $14,938,496. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $34.01, for a total transaction of $156,446.00. Following the sale, the insider now directly owns 507,700 shares of the company’s stock, valued at approximately $17,266,877. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the sale, the chairman now directly owns 466,828 shares in the company, valued at $14,938,496. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock valued at $36,124,009 over the last 90 days. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after purchasing an additional 1,661,778 shares during the period. Renaissance Technologies LLC bought a new position in shares of Dutch Bros in the second quarter valued at about $57,435,000. Wasatch Advisors LP bought a new position in shares of Dutch Bros in the first quarter valued at about $41,988,000. Concurrent Investment Advisors LLC raised its position in shares of Dutch Bros by 846.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock valued at $51,353,000 after purchasing an additional 1,109,370 shares during the period. Finally, Joho Capital LLC raised its position in shares of Dutch Bros by 428.9% in the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after purchasing an additional 1,106,511 shares during the period. 85.54% of the stock is owned by institutional investors.

About Dutch Bros

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.