TD Cowen Reaffirms “Hold” Rating for Dutch Bros (NYSE:BROS)

TD Cowen restated their hold rating on shares of Dutch Bros (NYSE:BROS) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $33.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on BROS. Stifel Nicolaus reissued a buy rating and set a $40.00 target price on shares of Dutch Bros in a report on Wednesday, April 3rd. William Blair reissued an outperform rating on shares of Dutch Bros in a report on Thursday, February 22nd. Barclays lowered their target price on shares of Dutch Bros from $31.00 to $30.00 and set an equal weight rating on the stock in a report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the company an overweight rating in a report on Tuesday, March 19th. Finally, Piper Sandler raised shares of Dutch Bros from a neutral rating to an overweight rating and upped their price target for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros currently has an average rating of Moderate Buy and a consensus target price of $34.44.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $28.59 on Friday. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $36.17. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $31.25 and its 200-day moving average price is $29.05. The company has a market capitalization of $5.06 billion, a PE ratio of 953.00, a PEG ratio of 4.43 and a beta of 2.41.

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

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 98,017 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $36.04, for a total value of $3,532,532.68. Following the transaction, the chairman now owns 672,439 shares of the company’s stock, valued at $24,234,701.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Dm Trust Aggregator, Llc sold 49,218 shares of the stock in a transaction on 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 transaction, the insider now owns 1,051,178 shares of the company’s stock, valued at $37,884,455.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 98,017 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $36.04, for a total value of $3,532,532.68. Following the completion of the transaction, the chairman now directly owns 672,439 shares in the company, valued at approximately $24,234,701.56. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock valued at $561,438,392 over the last 90 days. 46.50% of the stock is owned by insiders.

Institutional Trading of Dutch Bros

Several institutional investors have recently added to or reduced their stakes in BROS. Cedar Mountain Advisors LLC boosted its position in Dutch Bros by 61.4% during the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock valued at $25,000 after buying an additional 415 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Dutch Bros during the fourth quarter valued at about $40,000. Avior Wealth Management LLC boosted its position in Dutch Bros by 1,610.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after buying an additional 1,208 shares during the period. Allworth Financial LP boosted its position in Dutch Bros by 41.8% during the fourth quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after buying an additional 471 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its position in Dutch Bros by 31.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after buying an additional 590 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

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.