Dutch Bros Inc. (NYSE:BROS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $40.09.

Several research analysts have recently weighed in on BROS shares. Guggenheim lifted their price target on shares of Dutch Bros from $30.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Barclays boosted their price target on Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. raised their price objective on Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, June 3rd. Wedbush boosted their price objective on Dutch Bros from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Finally, Robert W. Baird raised their target price on shares of Dutch Bros from $33.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Dutch Bros by 32.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock worth $107,288,000 after acquiring an additional 1,120,908 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Dutch Bros by 50.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 70,422 shares of the company’s stock worth $2,230,000 after purchasing an additional 23,712 shares in the last quarter. WoodTrust Financial Corp acquired a new position in shares of Dutch Bros during the 4th quarter worth about $271,000. Arizona State Retirement System lifted its stake in Dutch Bros by 33.8% in the 4th quarter. Arizona State Retirement System now owns 15,654 shares of the company’s stock valued at $496,000 after buying an additional 3,952 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Dutch Bros in the 4th quarter worth about $763,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

Shares of BROS opened at $36.13 on Thursday. The firm has a fifty day simple moving average of $39.13 and a two-hundred day simple moving average of $33.60. The firm has a market cap of $6.40 billion, a PE ratio of 199.67, a P/E/G ratio of 4.71 and a beta of 2.53. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $43.49.

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 return on equity of 1.99% and a net margin of 1.21%. The business had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $255.71 million. On average, equities analysts anticipate that Dutch Bros will post 0.3 EPS for the current year.

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.