Dutch Bros (NYSE:BROS) Upgraded at Stephens

Stephens upgraded shares of Dutch Bros (NYSE:BROS) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

A number of other brokerages also recently issued reports on BROS. UBS Group reiterated a “buy” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Oppenheimer upped their price objective on Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 30th. TD Cowen reaffirmed a “buy” rating and set a $73.00 price objective on shares of Dutch Bros in a research report on Wednesday, June 10th. KeyCorp lifted their target price on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Citigroup boosted their target price on shares of Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Dutch Bros Stock Up 4.5%

Shares of Dutch Bros stock opened at $68.28 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 106.69, a PEG ratio of 2.21 and a beta of 2.31. The firm’s 50-day moving average is $61.73 and its two-hundred day moving average is $57.33. Dutch Bros has a 1 year low of $44.58 and a 1 year high of $74.65.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.69 million. During the same quarter in the previous year, the business posted $0.14 EPS. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. As a group, research analysts expect that Dutch Bros will post 0.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christine Barone sold 42,031 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the transaction, the chief executive officer owned 44,573 shares in the company, valued at $2,680,174.49. This represents a 48.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 9.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BROS. Osterweis Capital Management Inc. purchased a new stake in shares of Dutch Bros during the second quarter valued at $27,000. Rakuten Securities Inc. raised its stake in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after acquiring an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in Dutch Bros in the 4th quarter worth $31,000. Ankerstar Wealth LLC acquired a new stake in Dutch Bros during the 4th quarter worth about $31,000. Finally, Quarry LP lifted its position in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after acquiring an additional 273 shares during the period. Institutional investors and hedge funds 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.