Dutch Bros (NYSE:BROS) Issues Earnings Results, Beats Expectations By $0.03 EPS

Dutch Bros (NYSE:BROS) announced its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03, Zacks reports. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%.

Dutch Bros Stock Up 0.9 %

BROS traded up $0.58 during trading on Wednesday, hitting $64.77. 5,304,621 shares of the company’s stock traded hands, compared to its average volume of 2,495,476. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 223.35, a PEG ratio of 3.88 and a beta of 2.73. The company’s 50 day simple moving average is $57.54 and its two-hundred day simple moving average is $44.11. Dutch Bros has a 12-month low of $26.32 and a 12-month high of $68.47. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

BROS has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wedbush increased their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler lifted their price target on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, William Blair restated an “outperform” rating on shares of Dutch Bros in a report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros has an average rating of “Buy” and an average target price of $60.09.

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.