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

Shares of Dutch Bros Inc. (NYSE:BROS) have been given an average rating of “Buy” by the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $80.0588.

BROS has been the subject of a number of recent analyst reports. Guggenheim raised their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Bank of America lifted their target price on shares of Dutch Bros from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. UBS Group lifted their target price on shares of Dutch Bros from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 28th. TD Cowen reiterated a “buy” rating and issued a $86.00 target price on shares of Dutch Bros in a report on Tuesday, August 19th. Finally, Melius Research upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Monday, July 14th.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 1,250,371 shares of Dutch Bros stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the completion of the sale, the chairman directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. The trade was a 49.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of Dutch Bros stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the sale, the insider directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,161,101 shares of company stock valued at $207,633,882. Insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently modified their holdings of BROS. Marshall Wace LLP lifted its position in shares of Dutch Bros by 139.2% during the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock worth $171,593,000 after purchasing an additional 1,460,376 shares during the last quarter. Norges Bank purchased a new stake in Dutch Bros in the second quarter valued at $93,525,000. BNP Paribas Financial Markets lifted its position in Dutch Bros by 1,572.2% in the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock valued at $70,661,000 after acquiring an additional 1,076,045 shares during the last quarter. Invesco Ltd. lifted its position in Dutch Bros by 70.9% in the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock valued at $159,517,000 after acquiring an additional 967,861 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock valued at $211,163,000 after acquiring an additional 788,100 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Down 0.5%

Shares of NYSE BROS opened at $71.39 on Friday. The company has a 50 day simple moving average of $65.19 and a 200-day simple moving average of $65.88. The company has a market capitalization of $11.74 billion, a P/E ratio of 151.89, a P/E/G ratio of 4.03 and a beta of 2.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. Dutch Bros has a 1 year low of $30.49 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $415.81 million during 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%. The business’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS. On average, equities research analysts predict that Dutch Bros will post 0.57 earnings per share 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.