Dutch Bros Inc. (NYSE:BROS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $39.73.

Several research analysts have recently issued reports on BROS shares. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Robert W. Baird decreased their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, August 15th. Wedbush reissued an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a research note on Thursday, August 8th. Finally, Bank of America upped their price target on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 18,223 shares of Dutch Bros stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $34.13, for a total transaction of $621,950.99. Following the sale, the chairman now directly owns 263,954 shares in the company, valued at $9,008,750.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Travis Boersma sold 18,223 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $34.13, for a total value of $621,950.99. Following the completion of the transaction, the chairman now directly owns 263,954 shares in the company, valued at approximately $9,008,750.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the sale, the insider now directly owns 512,300 shares in the company, valued at approximately $16,593,397. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,128,885 shares of company stock worth $36,124,009. Company insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP purchased a new position in Dutch Bros in the 1st quarter worth approximately $41,988,000. Neuberger Berman Group LLC raised its stake in shares of Dutch Bros by 17.7% in the fourth quarter. Neuberger Berman Group LLC now owns 27,759 shares of the company’s stock worth $879,000 after purchasing an additional 4,170 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Dutch Bros during the first quarter valued at $4,430,000. Janney Montgomery Scott LLC boosted its position in shares of Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after buying an additional 13,395 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Dutch Bros in the 1st quarter worth about $200,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

NYSE BROS opened at $32.65 on Friday. The company has a 50-day simple moving average of $33.74 and a two-hundred day simple moving average of $34.77. Dutch Bros has a 12-month low of $22.67 and a 12-month high of $43.49. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 181.40, a PEG ratio of 2.84 and a beta of 2.49. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82.

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