Dutch Bros (NYSE:BROS) Earns “Buy” Rating from TD Cowen

TD Cowen reissued their buy rating on shares of Dutch Bros (NYSE:BROS) in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a $47.00 price target on the stock.

Several other research firms have also weighed in on BROS. Barclays dropped their price objective on shares of 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. Robert W. Baird cut their price objective on Dutch Bros from $42.00 to $37.00 and set a neutral rating for the company in a report on Thursday, August 8th. Piper Sandler cut Dutch Bros from an overweight rating to a neutral rating and reduced their price objective for the company from $41.00 to $36.00 in a research report on Monday, August 19th. Guggenheim raised Dutch Bros from a neutral rating to a buy rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus reduced their price target on Dutch Bros from $40.00 to $38.00 and set a buy rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $39.73.

Dutch Bros Stock Performance

Shares of BROS stock opened at $34.01 on Thursday. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 188.94, a P/E/G ratio of 2.70 and a beta of 2.49. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $43.49. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $34.96 and its 200-day simple moving average is $34.53.

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

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 280,518 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.36, for a total transaction of $9,077,562.48. Following the completion of the sale, the chairman now owns 322,177 shares of the company’s stock, valued at $10,425,647.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 280,518 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.36, for a total transaction of $9,077,562.48. Following the completion of the transaction, the chairman now owns 322,177 shares of the company’s stock, valued at approximately $10,425,647.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total value of $919,294.20. Following the completion of the sale, the insider now directly owns 432,518 shares in the company, valued at $13,849,226.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,096,452 shares of company stock worth $35,018,776. 46.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Dutch Bros by 35.0% in the first quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Dutch Bros in the 2nd quarter valued at $57,435,000. Wasatch Advisors LP bought a new stake in Dutch Bros in the 1st quarter valued at $41,988,000. Concurrent Investment Advisors LLC grew its position in Dutch Bros by 846.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after purchasing an additional 1,109,370 shares during the last quarter. Finally, Joho Capital LLC increased its holdings in shares of Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after purchasing an additional 1,106,511 shares during the period. 85.54% of the stock is owned by institutional investors.

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.