Dutch Bros (NYSE:BROS) Now Covered by Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Dutch Bros (NYSE:BROS) in a research note published on Monday morning, MarketBeat.com reports. The firm issued an outperform rating and a $77.00 target price on the stock.

A number of other brokerages have also recently issued reports on BROS. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a research note on Friday, January 9th. Barclays boosted their price target on shares of Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. DA Davidson started coverage on shares of Dutch Bros in a research report on Friday. They set a “buy” rating and a $67.00 price target for the company. The Goldman Sachs Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, March 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Dutch Bros in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $76.73.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $52.34 on Monday. The stock’s 50-day moving average is $56.68 and its 200 day moving average is $58.09. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 81.78, a P/E/G ratio of 1.84 and a beta of 2.54. Dutch Bros has a 1-year low of $46.52 and a 1-year high of $77.88. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22.

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 the consensus estimate of $0.10 by $0.07. The business had revenue of $443.61 million during the quarter, compared to analyst estimates of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.Dutch Bros’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. On average, sell-side analysts anticipate that Dutch Bros will post 0.57 EPS for the current fiscal year.

Institutional Trading of Dutch Bros

A number of institutional investors have recently modified their holdings of BROS. RiverPark Advisors LLC increased its holdings in Dutch Bros by 4.8% during 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 during the period. KLP Kapitalforvaltning AS increased its stake in shares of Dutch Bros by 0.8% during the third quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock valued at $1,319,000 after buying an additional 200 shares during the period. Oppenheimer & Co. Inc. raised 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 valued at $975,000 after acquiring an additional 200 shares in the last quarter. Moody Lynn & Lieberson LLC raised its holdings in shares of Dutch Bros by 3.9% during the third quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock valued at $282,000 after acquiring an additional 204 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Dutch Bros by 31.5% in the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock worth $45,000 after acquiring an additional 205 shares during the period. 85.54% of the stock is currently owned by hedge funds and other 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.