Zacks: Brokerages Anticipate Dutch Bros Inc. (NYSE:BROS) Will Announce Earnings of $0.10 Per Share

Wall Street analysts expect Dutch Bros Inc. (NYSE:BROS – Get Rating) to post earnings of $0.10 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Dutch Bros’ earnings. The highest EPS estimate is $0.18 and the lowest is ($0.01). The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Dutch Bros will report full-year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from ($0.03) to $0.45. For the next fiscal year, analysts expect that the business will post earnings of $0.45 per share, with EPS estimates ranging from $0.18 to $0.69. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Dutch Bros.

Dutch Bros (NYSE:BROS – Get Rating) last announced its earnings results on Wednesday, May 11th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03).

A number of analysts have recently commented on the stock. Cowen dropped their target price on shares of Dutch Bros from $65.00 to $35.00 in a report on Thursday, May 12th. Bank of America dropped their price target on shares of Dutch Bros from $80.00 to $64.00 in a research note on Thursday, May 12th. Robert W. Baird dropped their price target on shares of Dutch Bros from $60.00 to $30.00 in a research note on Thursday, May 12th. Gordon Haskett started coverage on shares of Dutch Bros in a research note on Wednesday, April 13th. They issued a “buy” rating and a $64.00 price target on the stock. Finally, Zacks Investment Research cut shares of Dutch Bros from a “buy” rating to a “hold” rating in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $50.91.

Shares of BROS stock traded up $0.76 during mid-day trading on Friday, reaching $27.75. 1,770,753 shares of the company’s stock traded hands, compared to its average volume of 2,282,597. Dutch Bros has a 12 month low of $20.05 and a 12 month high of $81.40. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.40 and a current ratio of 0.64. The company’s 50-day moving average price is $49.02 and its 200-day moving average price is $50.88.

In other news, CEO Joth Ricci sold 71,125 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $46.08, for a total transaction of $3,277,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brian Maxwell sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $60.44, for a total transaction of $725,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,222,250 shares of company stock worth $267,655,469 in the last 90 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Raymond James & Associates purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at about $731,000. Advisor Group Holdings Inc. purchased a new stake in Dutch Bros in the 3rd quarter worth approximately $1,349,000. TD Asset Management Inc. purchased a new stake in Dutch Bros in the 3rd quarter worth approximately $637,000. BlackRock Inc. purchased a new stake in Dutch Bros in the 3rd quarter worth approximately $2,600,000. Finally, Alliancebernstein L.P. purchased a new stake in Dutch Bros in the 3rd quarter worth approximately $28,865,000.

Dutch Bros Company Profile (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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