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

Shares of Dutch Bros Inc. (NYSE:BROS) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $37.33.

Several equities analysts have commented on BROS shares. TD Cowen raised shares of Dutch Bros from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $46.00 in a research note on Friday, May 10th. Stifel Nicolaus restated a “buy” rating and issued a $40.00 price objective on shares of Dutch Bros in a report on Wednesday, April 3rd. Barclays boosted 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. William Blair reaffirmed an “outperform” rating on shares of Dutch Bros in a research note on Thursday, February 22nd. Finally, Piper Sandler upgraded shares of Dutch Bros from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $37.00 in a report on Monday, March 4th.

Insiders Place Their Bets

In related news, COO Brian Maxwell sold 1,474 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the sale, the chief operating officer now directly owns 1,039,646 shares in the company, valued at $36,387,610. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Dm Trust Aggregator, Llc sold 166,594 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $36.85, for a total value of $6,138,988.90. Following the transaction, the insider now owns 1,616,308 shares in the company, valued at $59,560,949.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Brian Maxwell sold 1,474 shares of Dutch Bros stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the completion of the sale, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at $36,387,610. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,246,553 shares of company stock worth $578,980,126. 46.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently modified their holdings of the business. Nordea Investment Management AB acquired a new position in shares of Dutch Bros during the 4th quarter valued at about $3,852,000. Fenimore Asset Management Inc. bought a new stake in shares of Dutch Bros during the 4th quarter worth $13,610,000. Barclays PLC raised its holdings in Dutch Bros by 181.7% in the 3rd quarter. Barclays PLC now owns 18,774 shares of the company’s stock worth $437,000 after acquiring an additional 12,109 shares during the period. Vanguard Group Inc. boosted its holdings in Dutch Bros by 32.1% during the third quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company’s stock valued at $107,288,000 after acquiring an additional 1,120,908 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Dutch Bros by 191.7% in the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after purchasing an additional 773,616 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Down 0.5 %

Shares of NYSE:BROS opened at $34.09 on Friday. 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 company’s 50-day moving average price is $32.32 and its 200 day moving average price is $30.03. The company has a market cap of $6.04 billion, a PE ratio of 189.40, a P/E/G ratio of 5.45 and a beta of 2.43. Dutch Bros has a fifty-two week low of $22.67 and a fifty-two week high of $38.41.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The company had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. Sell-side analysts anticipate that Dutch Bros will post 0.29 earnings per share 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.