Dutch Bros Inc. (NYSE:BROS) Given Average Rating of “Moderate Buy” by Brokerages

Dutch Bros Inc. (NYSE:BROS) has been given a consensus recommendation of “Moderate Buy” by the twenty-three analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $77.1905.

A number of research analysts recently commented on the company. Mizuho increased their price target on Dutch Bros from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Sanford C. Bernstein reiterated an “overweight” rating and set a $76.00 target price on shares of Dutch Bros in a research note on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, January 21st. Zacks Research cut shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Morgan Stanley reduced their price objective on shares of Dutch Bros from $84.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th.

Dutch Bros Price Performance

BROS opened at $54.38 on Monday. The company has a fifty day simple moving average of $60.89 and a 200 day simple moving average of $59.84. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 108.76, a PEG ratio of 2.29 and a beta of 2.54. Dutch Bros has a twelve month low of $47.16 and a twelve month high of $86.88. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $423.58 million for the quarter, compared to analyst estimates of $414.81 million. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. Equities research analysts expect that Dutch Bros will post 0.57 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 1,678,616 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the sale, the chairman directly owned 9,817 shares of the company’s stock, valued at $544,254.48. The trade was a 99.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $35,930,054.16. Following the sale, the insider owned 9,817 shares in the company, valued at $544,254.48. The trade was a 98.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,465,214 shares of company stock valued at $189,800,291 over the last quarter. Insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently added to or reduced their stakes in BROS. Osterweis Capital Management Inc. acquired a new stake in shares of Dutch Bros during the second quarter worth $27,000. Brown Lisle Cummings Inc. bought a new stake in shares of Dutch Bros during the 4th quarter valued at about $31,000. Rakuten Securities Inc. raised its stake in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after acquiring an additional 379 shares during the period. Kiker Wealth Management LLC raised its stake in Dutch Bros by 4,423.1% during the second quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock worth $40,000 after acquiring an additional 575 shares during the period. Finally, Caitlin John LLC bought a new position in Dutch Bros in the third quarter worth about $44,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.