Dutch Bros Inc. (NYSE:BROS) Given Average Recommendation of “Hold” by Analysts

Dutch Bros Inc. (NYSE:BROS) has received an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.00.

Several research analysts have issued reports on BROS shares. Wedbush restated an “outperform” rating and set a $37.00 target price on shares of Dutch Bros in a research report on Wednesday, August 9th. Piper Sandler boosted their price objective on shares of Dutch Bros from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 23rd.

Dutch Bros Trading Up 3.5 %

NYSE BROS opened at $27.71 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.32 and a debt-to-equity ratio of 1.52. Dutch Bros has a 52 week low of $24.64 and a 52 week high of $41.44. The company has a 50-day moving average price of $29.65 and a 200-day moving average price of $29.98.

Dutch Bros (NYSE:BROS) last released its earnings results on Tuesday, August 8th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $249.88 million for the quarter, compared to analysts’ expectations of $254.26 million. As a group, analysts predict that Dutch Bros will post -0.05 EPS for the current year.

Insider Buying and Selling

In other news, CEO Joth Ricci sold 80,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $30.29, for a total transaction of $2,423,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,976,335 shares of the company’s stock, valued at approximately $59,863,187.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 49.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of Dutch Bros by 10.4% in the 1st quarter. FMR LLC now owns 6,849,489 shares of the company’s stock worth $216,649,000 after buying an additional 645,576 shares in the last quarter. RB Capital Management LLC increased its stake in Dutch Bros by 19.2% during the 1st quarter. RB Capital Management LLC now owns 12,827 shares of the company’s stock worth $406,000 after buying an additional 2,063 shares during the period. Carnegie Capital Asset Management LLC boosted its holdings in Dutch Bros by 32.9% in the first quarter. Carnegie Capital Asset Management LLC now owns 137,260 shares of the company’s stock valued at $4,342,000 after purchasing an additional 33,960 shares during the last quarter. Harfst & Associates Inc. purchased a new position in shares of Dutch Bros during the 1st quarter valued at approximately $200,000. Finally, Raymond James & Associates grew its holdings in Dutch Bros by 13.3% during the 4th quarter. Raymond James & Associates now owns 50,055 shares of the company’s stock worth $1,411,000 after acquiring an additional 5,886 shares in the last quarter.

Dutch Bros Company Profile

Dutch Bros Inc operates and franchises drive-thru shops. The company offers coffee-based beverages, including custom drinks, cold brews, and freeze blended beverages, as well as Blue Rebel energy drinks. It also provides tea, lemonade, sodas, smoothies, and other beverages through company-operated shops and online channels.