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

Shares of Dutch Bros Inc. (NYSE:BROS) have received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.73.

BROS has been the topic of a number of research reports. TD Cowen reissued a “buy” rating and issued a $47.00 price objective on shares of Dutch Bros in a report on Thursday, September 12th. Wedbush reiterated an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research note on Thursday, August 8th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Stifel Nicolaus lowered their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a report on Thursday, August 15th.

Dutch Bros Price Performance

Shares of BROS opened at $32.65 on Friday. The firm has a fifty day simple moving average of $33.74 and a two-hundred day simple moving average of $34.77. The firm has a market cap of $5.03 billion, a PE ratio of 181.40, a P/E/G ratio of 2.84 and a beta of 2.49. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $43.49.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, equities analysts anticipate that Dutch Bros will post 0.32 EPS for the current year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 18,223 shares of Dutch Bros stock in a transaction on Monday, September 16th. The shares were sold at an average price of $34.13, for a total value of $621,950.99. Following the sale, the chairman now directly owns 263,954 shares in the company, valued at approximately $9,008,750.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total transaction of $156,446.00. Following the completion of the transaction, the insider now directly owns 507,700 shares in the company, valued at approximately $17,266,877. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 18,223 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the transaction, the chairman now directly owns 263,954 shares of the company’s stock, valued at $9,008,750.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,128,885 shares of company stock valued at $36,124,009. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros during the 1st quarter valued at about $26,000. Arcadia Investment Management Corp MI purchased a new stake in Dutch Bros during the second quarter valued at approximately $27,000. Quest Partners LLC lifted its stake in shares of Dutch Bros by 3,321.7% in the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the last quarter. Abound Wealth Management purchased a new position in shares of Dutch Bros in the 2nd quarter worth approximately $39,000. Finally, Quarry LP bought a new position in shares of Dutch Bros during the 2nd quarter valued at approximately $43,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

About Dutch Bros

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.