Dutch Bros (NYSE:BROS) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Dutch Bros (NYSE:BROSGet Rating) issued its quarterly earnings results on Wednesday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03), MarketWatch Earnings reports. Dutch Bros updated its FY 2022 guidance to EPS.

Shares of BROS stock traded up $1.14 on Friday, hitting $26.25. The stock had a trading volume of 43,076 shares, compared to its average volume of 1,198,837. The stock’s 50 day moving average is $51.29 and its 200-day moving average is $52.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.43 and a quick ratio of 0.27. Dutch Bros has a 52-week low of $20.05 and a 52-week high of $81.40.

In other Dutch Bros news, CFO Charles Jemley sold 5,000 shares of the stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $54.08, for a total transaction of $270,400.00. Following the transaction, the chief financial officer now directly owns 1,252,032 shares in the company, valued at approximately $67,709,890.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brian Maxwell sold 12,000 shares of the stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $40.63, for a total transaction of $487,560.00. Following the transaction, the chief operating officer now owns 1,243,620 shares in the company, valued at $50,528,280.60. The disclosure for this sale can be found here. Insiders sold 5,222,250 shares of company stock valued at $267,655,469 over the last 90 days.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors bought a new position in Dutch Bros during the 3rd quarter valued at $25,000. NEXT Financial Group Inc boosted its stake in Dutch Bros by 595.0% during the 4th quarter. NEXT Financial Group Inc now owns 695 shares of the company’s stock valued at $35,000 after acquiring an additional 595 shares during the last quarter. UBS Group AG bought a new position in Dutch Bros during the 3rd quarter valued at $44,000. Royal Bank of Canada bought a new position in Dutch Bros during the 3rd quarter valued at $82,000. Finally, JPMorgan Chase & Co. bought a new position in Dutch Bros during the 4th quarter valued at $308,000.

Several brokerages recently commented on BROS. Piper Sandler dropped their price target on shares of Dutch Bros from $85.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, April 5th. Cowen dropped their price target on shares of Dutch Bros from $65.00 to $35.00 in a research report on Thursday. Robert W. Baird dropped their price objective on shares of Dutch Bros from $60.00 to $30.00 in a research report on Thursday. Stifel Nicolaus lowered shares of Dutch Bros from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $70.00 to $30.00 in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Dutch Bros from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros has a consensus rating of “Buy” and an average price target of $50.91.

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.

Further Reading

Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.