The Goldman Sachs Group Begins Coverage on Dutch Bros (NYSE:BROS)

The Goldman Sachs Group assumed coverage on shares of Dutch Bros (NYSE:BROS) in a research note issued on Thursday, MarketBeat.com reports. The firm set a “neutral” rating and a $75.00 price target on the stock. The Goldman Sachs Group’s price target points to a potential upside of 8.18% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley set a $80.00 price objective on shares of Dutch Bros and gave the company an “overweight” rating in a research note on Monday, April 14th. UBS Group lowered their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Guggenheim increased their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, March 31st. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Dutch Bros in a research note on Monday, March 31st. Finally, TD Securities reissued a “buy” rating and issued a $78.00 price objective on shares of Dutch Bros in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.69.

Dutch Bros Stock Up 2.8%

BROS stock opened at $69.33 on Thursday. The company has a fifty day moving average price of $67.35 and a 200 day moving average price of $64.02. Dutch Bros has a 12 month low of $26.96 and a 12 month high of $86.88. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 177.78, a price-to-earnings-growth ratio of 3.93 and a beta of 2.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. The company had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the prior year, the firm earned $0.09 EPS. Dutch Bros’s quarterly revenue was up 28.7% on a year-over-year basis. Sell-side analysts expect that Dutch Bros will post 0.57 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the transaction, the insider now directly owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Travis Boersma sold 704,995 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $68.24, for a total value of $48,108,858.80. Following the completion of the transaction, the chairman now directly owns 2,218,611 shares of the company’s stock, valued at approximately $151,398,014.64. This trade represents a 24.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. AdvisorNet Financial Inc acquired a new stake in shares of Dutch Bros in the first quarter valued at $31,000. Cullen Frost Bankers Inc. bought a new stake in Dutch Bros during the 1st quarter worth about $31,000. Coppell Advisory Solutions LLC raised its holdings in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 447 shares during the last quarter. Banque Transatlantique SA bought a new stake in Dutch Bros during the 1st quarter worth about $38,000. Finally, Bernard Wealth Management Corp. bought a new stake in Dutch Bros during the 4th quarter worth about $43,000. 85.54% of the stock is owned by institutional investors.

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.