Dutch Bros (BROS) Set to Announce Quarterly Earnings on Wednesday

Dutch Bros (NYSE:BROS) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Dutch Bros has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same period in the prior year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, analysts expect Dutch Bros to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Dutch Bros Trading Down 1.2 %

Shares of BROS stock opened at $33.00 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $5.09 billion, a P/E ratio of 132.00, a P/E/G ratio of 3.65 and a beta of 2.47. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $43.49. The firm has a 50-day moving average price of $33.13 and a 200 day moving average price of $34.90.

Analyst Upgrades and Downgrades

BROS has been the topic of several research reports. Stifel Nicolaus reduced their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wedbush reissued an “outperform” rating and set a $45.00 price objective on shares of Dutch Bros in a report on Monday, October 14th. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. UBS Group raised 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. Finally, Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares of the company’s stock, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,651,244 shares of company stock valued at $53,881,117. 46.50% of the stock is currently owned by company insiders.

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.