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

Shares of Dutch Bros Inc. (NYSE:BROS) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $51.27.

BROS has been the subject of several recent analyst reports. Piper Sandler upped their target price on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Stifel Nicolaus upped their price objective on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Wedbush lifted their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen increased their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th.

Dutch Bros Price Performance

Shares of NYSE:BROS opened at $56.31 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The stock has a market cap of $8.68 billion, a PE ratio of 194.18, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72. The stock’s fifty day simple moving average is $48.82 and its two-hundred day simple moving average is $40.07. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $56.41.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. During the same period last year, the firm earned $0.08 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. As a group, analysts forecast that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 285,462 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the sale, the chairman now directly owns 9,817 shares in the company, valued at $327,691.46. This represents a 96.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the transaction, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 560,698 shares of company stock valued at $19,040,697. Company insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at $224,461,000. Wasatch Advisors LP raised its position in Dutch Bros by 232.1% during the third quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after purchasing an additional 2,885,306 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Dutch Bros during the second quarter worth about $57,435,000. Wellington Management Group LLP boosted its holdings in shares of Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock worth $63,527,000 after purchasing an additional 1,141,913 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Dutch Bros by 8,247.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,081,306 shares of the company’s stock valued at $44,766,000 after purchasing an additional 1,068,352 shares during the last quarter. 85.54% of the stock is currently owned by hedge funds and other 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.