Dutch Bros (NYSE:BROS) Upgraded at Melius Research

Melius Research upgraded shares of Dutch Bros (NYSE:BROS) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

BROS has been the topic of several other reports. Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the stock an “overweight” rating in a research report on Monday, April 14th. Stifel Nicolaus decreased their price target on shares of Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. CICC Research started coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an “outperform” rating and a $80.00 price target on the stock. Guggenheim upped their price target 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. Finally, UBS Group cut their price objective on shares of Dutch Bros from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $75.94.

Dutch Bros Trading Down 1.6%

BROS opened at $62.85 on Monday. The firm’s fifty day moving average is $68.71 and its two-hundred day moving average is $65.11. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.75 and a current ratio of 1.95. The firm has a market cap of $10.34 billion, a PE ratio of 161.15, a price-to-earnings-growth ratio of 3.83 and a beta of 2.65. Dutch Bros has a twelve month low of $26.96 and a twelve month high of $86.88.

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

Insider Buying and Selling at Dutch Bros

In related news, Chairman Travis Boersma sold 722,841 shares of Dutch Bros stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the sale, the chairman directly owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This trade represents a 27.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the completion of the sale, the insider owned 2,373,933 shares of the company’s stock, valued at $170,970,654.66. The trade was a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock valued at $237,721,138 in the last three months. Insiders own 42.40% of the company’s stock.

Institutional Inflows and Outflows

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