Dutch Bros (NYSE:BROS) Given “Buy” Rating at TD Cowen

TD Cowen reissued their buy rating on shares of Dutch Bros (NYSE:BROS) in a research note released on Tuesday morning,Benzinga reports. They currently have a $86.00 target price on the stock.

A number of other research firms have also recently commented on BROS. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 target price (up previously from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. TD Securities reaffirmed a “buy” rating and issued a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. Stifel Nicolaus decreased 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. Guggenheim upped their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, UBS Group decreased their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average target price of $79.76.

Dutch Bros Trading Down 2.5%

Shares of BROS stock opened at $63.7340 on Tuesday. The company’s 50-day moving average price is $65.05 and its 200-day moving average price is $65.85. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 135.61, a PEG ratio of 3.67 and a beta of 2.63. Dutch Bros has a twelve month low of $30.30 and a twelve month high of $86.88.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The company had revenue of $415.81 million for the quarter, compared to analysts’ expectations of $403.24 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. Dutch Bros’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, equities analysts predict 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 that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the sale, the insider directly owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the sale, the chairman owned 1,940,245 shares in the company, valued at $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. 42.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BROS. Coppell Advisory Solutions LLC boosted its holdings in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Dutch Bros in the second quarter valued at approximately $27,000. AdvisorNet Financial Inc acquired a new position in Dutch Bros in the first quarter valued at approximately $31,000. Cullen Frost Bankers Inc. acquired a new position in Dutch Bros in the first quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. boosted its holdings in Dutch Bros by 557.4% in the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares in the last quarter. 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.