Dutch Bros (NYSE:BROS) Lowered to “Hold” at Stifel Nicolaus

Dutch Bros (NYSE:BROSGet Rating) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Thursday, Briefing.com reports. They currently have a $30.00 price target on the stock, down from their prior price target of $70.00. Stifel Nicolaus’ target price indicates a potential downside of 12.71% from the company’s previous close.

Several other brokerages have also recently weighed in on BROS. Zacks Investment Research cut Dutch Bros from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Gordon Haskett began coverage on Dutch Bros in a research note on Wednesday, April 13th. They set a “buy” rating and a $64.00 price objective on the stock. Cowen dropped their price objective on Dutch Bros from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 2nd. Finally, Piper Sandler decreased their price objective on Dutch Bros from $85.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, April 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $59.70.

Shares of BROS opened at $34.37 on Thursday. Dutch Bros has a 12-month low of $32.42 and a 12-month high of $81.40. The business’s fifty day moving average is $51.78 and its 200 day moving average is $52.66. 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 Wednesday, May 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. On average, equities research analysts expect that Dutch Bros will post -0.05 EPS for the current fiscal year.

In other Dutch Bros news, COO Brian Maxwell sold 12,000 shares of Dutch Bros stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $60.44, for a total transaction of $725,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tsg7 A. Management Llc sold 5,000,000 shares of Dutch Bros stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $51.47, for a total value of $257,350,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,222,250 shares of company stock valued at $267,655,469 in the last ninety days.

Several institutional investors and hedge funds have recently modified their holdings of BROS. Massachusetts Financial Services Co. MA bought a new stake in Dutch Bros in the 3rd quarter worth approximately $41,762,000. Franklin Resources Inc. bought a new stake in Dutch Bros in the 3rd quarter worth approximately $33,357,000. Invesco Ltd. lifted its position in Dutch Bros by 331.9% in the 4th quarter. Invesco Ltd. now owns 900,326 shares of the company’s stock worth $45,836,000 after buying an additional 691,872 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Dutch Bros in the 3rd quarter worth approximately $29,180,000. Finally, Alliancebernstein L.P. bought a new stake in Dutch Bros in the 3rd quarter worth approximately $28,865,000.

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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