Dutch Bros Inc. (NYSE:BROS) Given Consensus Rating of “Buy” by Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have been given an average recommendation of “Buy” by the twenty analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $75.94.

A number of equities analysts have issued reports on BROS shares. Guggenheim raised their target price on Dutch Bros from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 31st. Piper Sandler cut their price target 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. Wells Fargo & Company began coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They set an “overweight” rating and a $80.00 price objective for the company. TD Securities reaffirmed a “buy” rating and issued a $78.00 target price on shares of Dutch Bros in a research note on Thursday, May 8th. Finally, UBS Group reduced their price target on shares of Dutch Bros from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, May 5th.

Dutch Bros Trading Down 1.6%

BROS opened at $62.85 on Thursday. Dutch Bros has a 1-year low of $26.96 and a 1-year high of $86.88. The firm has a 50-day moving average price of $68.71 and a two-hundred day moving average price of $65.11. The stock has a market capitalization of $10.34 billion, a PE ratio of 161.15, a PEG ratio of 3.83 and a beta of 2.65. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80.

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

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 722,841 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the transaction, the chairman owned 1,940,245 shares of the company’s stock, valued at approximately $129,647,170.90. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the sale, the insider directly owned 2,373,933 shares in the company, valued at $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 quarter, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. 42.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of Dutch Bros in the 4th quarter valued at about $267,000. Cherry Creek Investment Advisors Inc. lifted its stake in Dutch Bros by 63.9% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company’s stock valued at $1,312,000 after purchasing an additional 8,282 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Dutch Bros by 14.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock worth $268,095,000 after purchasing an additional 627,875 shares during the period. Granite Investment Partners LLC increased its position in Dutch Bros by 141.2% during the fourth quarter. Granite Investment Partners LLC now owns 695,430 shares of the company’s stock worth $36,427,000 after buying an additional 407,168 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in Dutch Bros by 558.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 107,139 shares of the company’s stock valued at $5,612,000 after buying an additional 90,867 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

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.