Dutch Bros Inc. (NYSE:BROS) Receives $40.20 Consensus PT from Analysts

Dutch Bros Inc. (NYSE:BROS) has received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.20.

BROS has been the subject of several analyst reports. Stifel Nicolaus cut their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company 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 research note on Thursday, August 15th. Barclays lowered their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Robert W. Baird lowered their price target on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares in the company, valued at approximately $14,764,404.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dutch Bros news, 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 completion of the transaction, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the transaction, the chairman now owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,128,885 shares of company stock worth $36,124,009. 46.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in shares of Dutch Bros by 3.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 867,653 shares of the company’s stock valued at $27,791,000 after purchasing an additional 30,437 shares in the last quarter. Inspire Advisors LLC raised its position in shares of Dutch Bros by 45.5% in the 3rd quarter. Inspire Advisors LLC now owns 23,433 shares of the company’s stock valued at $751,000 after purchasing an additional 7,331 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Dutch Bros in the 3rd quarter valued at approximately $38,000. Bfsg LLC raised its position in shares of Dutch Bros by 11.6% in the 3rd quarter. Bfsg LLC now owns 30,840 shares of the company’s stock valued at $988,000 after purchasing an additional 3,210 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. raised its position in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Trading Up 0.3 %

NYSE:BROS opened at $35.12 on Tuesday. The company has a market capitalization of $6.22 billion, a PE ratio of 195.11, a price-to-earnings-growth ratio of 2.55 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 has a 52-week low of $23.31 and a 52-week high of $43.49. The stock has a fifty day simple moving average of $32.50 and a 200-day simple moving average of $34.72.

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

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.