Dutch Bros Inc. (NYSE:BROS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Dutch Bros Inc. (NYSE:BROS) has been given an average rating of “Moderate Buy” by the twenty-two analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $77.05.

Several brokerages recently issued reports on BROS. TD Cowen reissued a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a report on Friday, February 13th. Sanford C. Bernstein reiterated an “overweight” rating and issued a $76.00 target price on shares of Dutch Bros in a research note on Wednesday, January 7th. Citigroup reduced their price target on shares of Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a report on Friday, February 13th. Barclays upped their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Finally, Zacks Research downgraded shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $53.97 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22. Dutch Bros has a fifty-two week low of $46.52 and a fifty-two week high of $80.62. The firm has a 50-day simple moving average of $58.24 and a 200 day simple moving average of $58.77. The company has a market cap of $8.88 billion, a PE ratio of 84.33, a P/E/G ratio of 1.83 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last issued its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $443.61 million for the quarter, compared to analysts’ expectations of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. Dutch Bros’s revenue was up 29.4% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. On average, sell-side analysts anticipate that Dutch Bros will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds have recently made changes to their positions in the business. RiverPark Advisors LLC grew its holdings in Dutch Bros by 4.8% in the 2nd quarter. RiverPark Advisors LLC now owns 3,966 shares of the company’s stock worth $271,000 after buying an additional 181 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in Dutch Bros by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock worth $1,319,000 after acquiring an additional 200 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Dutch Bros by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock worth $975,000 after purchasing an additional 200 shares in the last quarter. Moody Lynn & Lieberson LLC grew its stake in shares of Dutch Bros by 3.9% in the third quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock worth $282,000 after purchasing an additional 204 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Dutch Bros by 31.5% during the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 205 shares during the period. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.