FY2024 EPS Estimates for Dutch Bros Inc. Increased by Wedbush (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS) – Equities research analysts at Wedbush raised their FY2024 earnings estimates for shares of Dutch Bros in a research report issued on Tuesday, July 30th. Wedbush analyst N. Setyan now forecasts that the company will earn $0.34 per share for the year, up from their prior forecast of $0.33. Wedbush currently has a “Outperform” rating and a $45.00 price objective on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.30 per share. Wedbush also issued estimates for Dutch Bros’ Q1 2025 earnings at $0.10 EPS and FY2025 earnings at $0.40 EPS.

Dutch Bros (NYSE:BROS) last announced its earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The firm had revenue of $275.10 million for the quarter, compared to analyst estimates of $255.71 million.

BROS has been the topic of several other research reports. Robert W. Baird increased their price target on shares of Dutch Bros from $33.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Guggenheim increased their price target on shares of Dutch Bros from $30.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Barclays increased their price target on shares of Dutch Bros from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. TD Cowen increased their price target on shares of Dutch Bros from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.09.

Dutch Bros Stock Performance

Shares of NYSE:BROS opened at $37.42 on Thursday. The company has a quick ratio of 1.98, a current ratio of 2.29 and a debt-to-equity ratio of 0.86. The firm has a market cap of $6.63 billion, a PE ratio of 207.90, a PEG ratio of 4.74 and a beta of 2.53. The company’s 50 day moving average price is $39.06 and its two-hundred day moving average price is $33.46. Dutch Bros has a 12-month low of $22.67 and a 12-month high of $43.49.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 54,359 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the completion of the transaction, the chairman now owns 1,281,743 shares of the company’s stock, valued at $46,168,382.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Travis Boersma sold 54,359 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the completion of the transaction, the chairman now owns 1,281,743 shares of the company’s stock, valued at $46,168,382.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $36.02, for a total transaction of $977,402.70. Following the transaction, the insider now directly owns 2,116,783 shares of the company’s stock, valued at approximately $76,246,523.66. The disclosure for this sale can be found here. Insiders sold a total of 1,228,068 shares of company stock valued at $44,765,154 in the last quarter. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently modified their holdings of the business. TD Asset Management Inc raised its stake in Dutch Bros by 3.7% during the second quarter. TD Asset Management Inc now owns 74,062 shares of the company’s stock worth $3,066,000 after buying an additional 2,656 shares during the last quarter. Rhumbline Advisers raised its stake in Dutch Bros by 6,655.1% during the second quarter. Rhumbline Advisers now owns 84,776 shares of the company’s stock worth $3,510,000 after buying an additional 83,521 shares during the last quarter. Versor Investments LP raised its stake in Dutch Bros by 9.0% during the second quarter. Versor Investments LP now owns 23,663 shares of the company’s stock worth $980,000 after buying an additional 1,948 shares during the last quarter. Natixis Advisors LLC raised its stake in Dutch Bros by 20.7% during the second quarter. Natixis Advisors LLC now owns 26,748 shares of the company’s stock worth $1,107,000 after buying an additional 4,579 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. bought a new position in Dutch Bros during the second quarter worth $224,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.