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

Shares of Dutch Bros Inc. (NYSE:BROS) have been given a consensus rating of “Buy” by the seventeen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $75.73.

A number of research firms recently weighed in on BROS. Piper Sandler reduced their price objective on shares of Dutch Bros from $70.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $58.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Wells Fargo & Company assumed coverage on shares of Dutch Bros in a research report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 target price on the stock. Stifel Nicolaus reduced their target price on shares of Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Robert W. Baird raised their target price on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th.

Insider Activity

In other Dutch Bros news, Chairman Travis Boersma sold 540,638 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $35,655,076.10. Following the completion of the sale, the chairman now directly owns 2,099,499 shares in the company, valued at $138,461,959.05. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the completion of the sale, the insider now owns 2,373,933 shares of the company’s stock, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,465,214 shares of company stock worth $237,721,138. Corporate insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently bought and sold shares of BROS. FIL Ltd acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $176,298,000. FMR LLC boosted its stake in Dutch Bros by 98.1% in the fourth quarter. FMR LLC now owns 6,516,479 shares of the company’s stock valued at $341,333,000 after acquiring an additional 3,227,435 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Dutch Bros in the fourth quarter valued at approximately $94,478,000. BNP Paribas Financial Markets lifted its stake in shares of Dutch Bros by 1,572.2% during the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock worth $70,661,000 after buying an additional 1,076,045 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in shares of Dutch Bros by 29.9% during the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock worth $211,163,000 after buying an additional 788,100 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Stock Performance

Dutch Bros stock opened at $70.10 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58. Dutch Bros has a 1-year low of $26.96 and a 1-year high of $86.88. The firm has a market capitalization of $11.53 billion, a P/E ratio of 206.18, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company’s 50-day moving average is $62.55 and its 200 day moving average is $61.09.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The company had revenue of $355.15 million for the quarter, compared to analyst estimates of $343.30 million. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. Research analysts forecast that Dutch Bros will post 0.57 EPS 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.