Dutch Bros Inc. (NYSE:BROS) Receives Consensus Rating of “Buy” from Analysts

Dutch Bros Inc. (NYSE:BROSGet Rating) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $63.70.

Several analysts have weighed in on BROS shares. Gordon Haskett began coverage on shares of Dutch Bros in a research note on Wednesday, April 13th. They set a “buy” rating and a $64.00 price objective on the stock. Piper Sandler dropped their price target on Dutch Bros from $85.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, April 5th. Cowen decreased their target price on Dutch Bros from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Finally, Zacks Investment Research upgraded Dutch Bros from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, January 12th.

Shares of NYSE:BROS opened at $48.14 on Friday. The business’s fifty day moving average price is $52.27 and its two-hundred day moving average price is $53.15. Dutch Bros has a fifty-two week low of $32.42 and a fifty-two week high of $81.40. The company has a current ratio of 0.43, a quick ratio of 0.27 and a debt-to-equity ratio of 0.40.

Dutch Bros (NYSE:BROSGet Rating) last issued its earnings results on Tuesday, March 1st. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.04). The firm had revenue of $140.08 million for the quarter, compared to the consensus estimate of $134.70 million. The business’s quarterly revenue was up 55.8% on a year-over-year basis. Sell-side analysts predict that Dutch Bros will post -0.05 EPS for the current year.

In other news, CEO Joth Ricci sold 71,125 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $46.08, for a total value of $3,277,440.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Charles Jemley sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $54.08, for a total value of $270,400.00. Following the completion of the sale, the chief financial officer now owns 1,252,032 shares of the company’s stock, valued at approximately $67,709,890.56. The disclosure for this sale can be found here. Insiders have sold a total of 5,139,125 shares of company stock valued at $264,147,230 over the last three months.

Institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $41,762,000. Commonwealth Equity Services LLC acquired a new stake in Dutch Bros in the third quarter worth $2,233,000. National Asset Management Inc. bought a new position in shares of Dutch Bros during the fourth quarter worth $267,000. Lord Abbett & CO. LLC acquired a new position in shares of Dutch Bros in the 3rd quarter valued at $5,848,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Dutch Bros in the 4th quarter valued at $374,000.

About Dutch Bros (Get Rating)

Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of December 31, 2021, it operated 538 drive-thru coffee locations in Arizona, California, Colorado, Idaho, Kansas, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, and Washington.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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