Dutch Bros Inc. (NYSE:BROS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $39.73.

Several equities analysts recently commented on BROS shares. Robert W. Baird dropped their target price on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Barclays decreased their target price on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Wedbush reaffirmed an “outperform” rating and set a $45.00 price target on shares of Dutch Bros in a research report on Thursday, August 8th. Finally, Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $41.00 to $36.00 in a research note on Monday, August 19th.

Dutch Bros Price Performance

NYSE:BROS opened at $33.95 on Friday. 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 $6.02 billion, a price-to-earnings ratio of 188.61, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49. The company’s 50-day moving average is $34.01 and its two-hundred day moving average is $34.80. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.

Dutch Bros (NYSE:BROS) last announced its earnings results 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 firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. Research analysts expect that Dutch Bros will post 0.32 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Dutch Bros news, major shareholder Dm Trust Aggregator, Llc sold 4,600 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $34.01, for a total value of $156,446.00. Following the completion of the transaction, the insider now directly owns 507,700 shares of the company’s stock, valued at approximately $17,266,877. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,885 shares of company stock worth $36,124,009 over the last quarter. 46.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently bought and sold shares of BROS. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Dutch Bros in the 2nd quarter valued at about $6,997,000. Ghisallo Capital Management LLC acquired a new position in shares of Dutch Bros in the 2nd quarter worth approximately $6,210,000. Clearbridge Investments LLC increased its holdings in shares of Dutch Bros by 11.5% in the 2nd quarter. Clearbridge Investments LLC now owns 971,037 shares of the company’s stock valued at $40,201,000 after acquiring an additional 100,140 shares during the last quarter. Cetera Investment Advisers lifted its stake in Dutch Bros by 13.6% during the second quarter. Cetera Investment Advisers now owns 101,849 shares of the company’s stock worth $4,217,000 after purchasing an additional 12,230 shares during the last quarter. Finally, Regal Investment Advisors LLC bought a new stake in Dutch Bros during the second quarter valued at $258,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.