Dutch Bros (NYSE:BROS) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of Dutch Bros (NYSE:BROS) in a report issued on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $82.00 price target on the stock.

Several other analysts have also issued reports on BROS. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Tuesday, December 16th. Zacks Research cut shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Morgan Stanley reduced their target price on shares of Dutch Bros from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Wells Fargo & Company lowered their price target on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada boosted their price objective on Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and a consensus price target of $77.19.

Dutch Bros Stock Performance

NYSE BROS opened at $57.39 on Monday. Dutch Bros has a 12-month low of $47.16 and a 12-month high of $86.88. The firm has a market cap of $9.44 billion, a P/E ratio of 114.78, a price-to-earnings-growth ratio of 2.41 and a beta of 2.55. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $60.76 and its 200-day moving average is $59.97.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The business had revenue of $423.58 million during the quarter, compared to the consensus estimate of $414.81 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. Sell-side analysts predict that Dutch Bros will post 0.57 earnings per share for the current year.

Insider Activity at Dutch Bros

In related news, 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 stock was sold at an average price of $55.44, for a total value of $35,930,054.16. Following the transaction, the insider directly owned 9,817 shares in the company, valued at approximately $544,254.48. This represents a 98.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 1,678,616 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,465,214 shares of company stock worth $189,800,291. Corporate insiders own 42.40% of the company’s stock.

Institutional Trading of Dutch Bros

A number of large investors have recently made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new stake in shares of Dutch Bros in the second quarter valued at approximately $27,000. Brown Lisle Cummings Inc. purchased a new stake in shares of Dutch Bros in the 4th quarter worth about $31,000. Rakuten Securities Inc. grew its stake in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after acquiring an additional 379 shares during the last quarter. Kiker Wealth Management LLC increased its holdings in Dutch Bros by 4,423.1% during the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company’s stock valued at $40,000 after acquiring an additional 575 shares in the last quarter. Finally, Caitlin John LLC purchased a new position in Dutch Bros during the 3rd quarter valued at about $44,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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.