Dutch Bros Inc. (NYSE:BROS) Receives Average Recommendation of “Buy” from Analysts

Dutch Bros Inc. (NYSE:BROS) has been assigned an average recommendation of “Buy” from the twenty brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $77.8235.

BROS has been the topic of several research analyst reports. Melius Research upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Monday, July 14th. Robert W. Baird raised their price objective on shares of Dutch Bros from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. CICC Research initiated coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an “outperform” rating and a $80.00 price objective on the stock. Stifel Nicolaus lowered their price objective 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. Finally, Piper Sandler lowered 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 note on Thursday, May 8th.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of Dutch Bros stock in a transaction on 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 completion of the transaction, the insider directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 722,841 shares of Dutch Bros 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 transaction, the chairman directly owned 1,940,245 shares of the company’s stock, valued at approximately $129,647,170.90. The trade was a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,465,214 shares of company stock valued at $237,721,138. Company insiders own 42.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of Dutch Bros in the fourth quarter valued at about $267,000. West Michigan Advisors LLC bought a new position in shares of Dutch Bros in the first quarter valued at about $401,000. Cherry Creek Investment Advisors Inc. raised its holdings in shares of Dutch Bros by 63.9% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 21,253 shares of the company’s stock valued at $1,312,000 after buying an additional 8,282 shares during the last quarter. Private Advisory Group LLC bought a new position in shares of Dutch Bros in the first quarter valued at about $910,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Dutch Bros by 14.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,118,265 shares of the company’s stock valued at $268,095,000 after buying an additional 627,875 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Trading Down 5.9%

Shares of BROS stock opened at $66.15 on Monday. Dutch Bros has a 12 month low of $28.48 and a 12 month high of $86.88. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $65.95 and its two-hundred day moving average is $65.66. The company has a market cap of $10.88 billion, a PE ratio of 140.75, a price-to-earnings-growth ratio of 4.20 and a beta of 2.63.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The business had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. Dutch Bros’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share. Equities analysts predict that Dutch Bros will post 0.57 EPS for the current year.

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.