Dutch Bros (NYSE:BROS) Receives “Hold” Rating from TD Cowen

Dutch Bros (NYSE:BROS)‘s stock had its “hold” rating reaffirmed by equities research analysts at TD Cowen in a research report issued on Friday, Benzinga reports. They presently have a $33.00 price objective on the stock. TD Cowen’s price target would suggest a potential upside of 15.42% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Barclays reduced their price objective on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. JPMorgan Chase & Co. raised their price objective on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Guggenheim reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Dutch Bros in a report on Friday, April 5th. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $40.00 target price on shares of Dutch Bros in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and an average target price of $34.44.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $28.59 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. Dutch Bros has a fifty-two week low of $22.67 and a fifty-two week high of $36.17. The firm has a fifty day moving average price of $31.25 and a two-hundred day moving average price of $29.00. The company has a market cap of $5.06 billion, a PE ratio of 953.00, a price-to-earnings-growth ratio of 4.48 and a beta of 2.41.

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

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $5,682,234.18. Following the completion of the sale, the insider now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $5,682,234.18. Following the completion of the sale, the insider now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total transaction of $231,200,000.00. The disclosure for this sale can be found here. Insiders sold 17,907,188 shares of company stock worth $561,438,392 in the last quarter. 46.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Cedar Mountain Advisors LLC boosted its stake in shares of Dutch Bros by 61.4% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock valued at $25,000 after purchasing an additional 415 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Dutch Bros by 41.8% in the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after purchasing an additional 471 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after purchasing an additional 590 shares during the last quarter. Wealth Management Partners LLC boosted its stake in shares of Dutch Bros by 4.2% in the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock valued at $620,000 after purchasing an additional 756 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Dutch Bros by 5.3% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 19,654 shares of the company’s stock valued at $457,000 after purchasing an additional 995 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.