Dutch Bros (NYSE:BROS) Given Outperform Rating at Wedbush

Wedbush reissued their outperform rating on shares of Dutch Bros (NYSE:BROS) in a research note published on Monday, Benzinga reports. They currently have a $45.00 price objective on the stock. Wedbush also issued estimates for Dutch Bros’ Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.38 EPS and FY2025 earnings at $0.49 EPS.

Other research analysts have also issued reports about the company. Stifel Nicolaus reduced their price target on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Barclays cut their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. 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. Finally, Robert W. Baird cut their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.20.

Dutch Bros Trading Down 0.5 %

Shares of BROS opened at $34.70 on Monday. The stock’s 50-day moving average price is $32.18 and its 200 day moving average price is $34.66. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 192.50, a P/E/G ratio of 2.55 and a beta of 2.49. Dutch Bros has a 12-month low of $23.31 and a 12-month high of $43.49.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the previous year, the firm earned $0.07 EPS. Dutch Bros’s quarterly revenue was up 30.0% on a year-over-year basis. As a group, research analysts predict that Dutch Bros will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 18,223 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total transaction of $621,950.99. Following the transaction, the chairman now directly owns 263,954 shares of the company’s stock, valued at approximately $9,008,750.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the transaction, the insider now owns 712,819 shares in the company, valued at $22,810,208. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 18,223 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $34.13, for a total value of $621,950.99. Following the completion of the transaction, the chairman now owns 263,954 shares of the company’s stock, valued at $9,008,750.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,128,885 shares of company stock worth $36,124,009. Corporate insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

A number of large investors have recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Dutch Bros in the 1st quarter worth about $26,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Dutch Bros in the second quarter worth about $27,000. Jamison Private Wealth Management Inc. boosted its position in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after acquiring an additional 500 shares during the period. Quest Partners LLC grew its stake in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Dutch Bros during the third quarter valued at approximately $38,000. 85.54% of the stock is owned by hedge funds and other 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.