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

Dutch Bros Inc. (NYSE:BROS) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, 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 12-month price objective among brokers that have covered the stock in the last year is $44.30.

BROS has been the subject of several recent research reports. Barclays boosted their price objective on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday. Stifel Nicolaus lowered 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. Robert W. Baird increased their price target on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $47.18 on Friday. 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 stock has a market cap of $7.27 billion, a PE ratio of 188.72, a PEG ratio of 3.64 and a beta of 2.47. The company’s fifty day moving average is $33.85 and its 200 day moving average is $35.12. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $50.24.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. Research analysts anticipate that Dutch Bros will post 0.33 earnings per share for the current year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of Dutch Bros stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the transaction, the insider now directly owns 432,518 shares of the company’s stock, valued at $13,849,226.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,689,583 shares of company stock worth $55,164,707 over the last 90 days. 46.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently made changes to their positions in the business. Baillie Gifford & Co. bought a new position in shares of Dutch Bros during the third quarter valued at $224,461,000. Vanguard Group Inc. increased its stake in Dutch Bros by 35.0% during the 1st 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 in the last quarter. Renaissance Technologies LLC purchased a new position in Dutch Bros in the second quarter worth about $57,435,000. Concurrent Investment Advisors LLC lifted its stake 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 worth $51,353,000 after buying an additional 1,109,370 shares in the last quarter. Finally, Joho Capital LLC grew its holdings in shares of Dutch Bros by 428.9% during the first quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock valued at $45,029,000 after buying an additional 1,106,511 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other 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.