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

Dutch Bros Inc. (NYSE:BROS) has been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $34.44.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. TD Cowen reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Dutch Bros in a report on Wednesday, April 10th. Wedbush reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of Dutch Bros in a report on Wednesday, April 10th. Barclays dropped their price objective on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Finally, Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $32.00 to $37.00 in a research note on Monday, March 4th.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 49,218 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $36.04, for a total value of $1,773,816.72. Following the completion of the transaction, the insider now owns 1,051,178 shares of the company’s stock, valued at approximately $37,884,455.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,907,188 shares of company stock valued at $561,438,392. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Dutch Bros by 42.9% during the 3rd quarter. FMR LLC now owns 8,581,751 shares of the company’s stock valued at $199,526,000 after purchasing an additional 2,578,145 shares in the last quarter. Wasatch Advisors LP bought a new stake in shares of Dutch Bros during the 1st quarter valued at about $41,988,000. Vanguard Group Inc. boosted its position in shares of Dutch Bros by 32.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock valued at $107,288,000 after purchasing an additional 1,120,908 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Dutch Bros by 191.7% during the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after purchasing an additional 773,616 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Dutch Bros during the 3rd quarter valued at about $11,549,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Stock Performance

NYSE:BROS opened at $28.78 on Tuesday. The stock has a market cap of $5.10 billion, a P/E ratio of 959.33 and a beta of 2.41. The stock has a 50 day simple moving average of $31.14 and a 200 day simple moving average of $28.94. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $36.17.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. Research analysts anticipate that Dutch Bros will post 0.26 earnings per share for the current year.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.