DA Davidson Initiates Coverage on Dutch Bros (NYSE:BROS)

Research analysts at DA Davidson initiated coverage on shares of Dutch Bros (NYSE:BROS) in a research note issued on Friday, MarketBeat reports. The firm set a “buy” rating and a $67.00 price target on the stock. DA Davidson’s price target would indicate a potential upside of 30.25% from the stock’s current price.

BROS has been the topic of several other research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Dutch Bros in a report on Friday, February 13th. Zacks Research cut shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Barclays lifted their price objective on Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating 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. Finally, TD Cowen reaffirmed a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.71.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $51.44 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.28. Dutch Bros has a one year low of $46.52 and a one year high of $77.88. The business’s 50-day moving average price is $56.92 and its two-hundred day moving average price is $58.20. The company has a market capitalization of $8.46 billion, a P/E ratio of 80.38, a price-to-earnings-growth ratio of 1.84 and a beta of 2.54.

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

Hedge Funds Weigh In On Dutch Bros

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

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.