Dutch Bros (NYSE:BROS) Downgraded by Piper Sandler

Piper Sandler lowered shares of Dutch Bros (NYSE:BROS) from an overweight rating to a neutral rating in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage currently has $36.00 target price on the stock, down from their previous target price of $41.00.

BROS has been the topic of a number of other research reports. Guggenheim raised Dutch Bros from a neutral rating to a buy rating in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on Dutch Bros from $40.00 to $44.00 and gave the stock an overweight rating in a report on Monday, June 3rd. Barclays decreased their target price on Dutch Bros from $35.00 to $31.00 and set an equal weight rating on the stock in a research note on Friday, August 9th. Wedbush restated an outperform rating and issued a $45.00 target price on shares of Dutch Bros in a research note on Thursday, August 8th. Finally, UBS Group upgraded Dutch Bros from a neutral rating to a buy rating and set a $39.00 target price on the stock in a research note on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $39.73.

Dutch Bros Stock Up 3.3 %

Shares of NYSE BROS opened at $31.76 on Monday. Dutch Bros has a one year low of $22.67 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. The business’s fifty day moving average price is $37.87 and its 200-day moving average price is $33.99. The stock has a market capitalization of $5.63 billion, a PE ratio of 176.44, a P/E/G ratio of 4.71 and a beta of 2.53.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS. On average, equities research analysts anticipate that Dutch Bros will post 0.3 EPS for the current year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total transaction of $592,601.04. Following the completion of the sale, the insider now directly owns 634,543 shares in the company, valued at approximately $22,856,238.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total transaction of $592,601.04. Following the completion of the sale, the insider now directly owns 634,543 shares in the company, valued at approximately $22,856,238.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The disclosure for this sale can be found here. Insiders sold 875,456 shares of company stock worth $28,950,929 in the last ninety days. 46.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new stake in Dutch Bros in the 1st quarter worth approximately $26,000. Arcadia Investment Management Corp MI purchased a new position in shares of Dutch Bros in the 2nd 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 period. Abound Wealth Management purchased a new position in shares of Dutch Bros in the 2nd quarter valued at approximately $39,000. Finally, Quarry LP purchased a new position in shares of Dutch Bros in the 2nd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.