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

Dutch Bros Inc. (NYSE:BROS) has received an average recommendation of “Buy” from the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $75.94.

BROS has been the subject of a number of research analyst reports. Melius Research upgraded Dutch Bros to a “strong-buy” rating in a report on Monday. CICC Research began coverage on Dutch Bros in a research note on Monday, June 30th. They issued an “outperform” rating and a $80.00 price target for the company. UBS Group decreased their price objective on Dutch Bros from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Royal Bank Of Canada initiated coverage on Dutch Bros in a report on Wednesday, May 14th. They set an “outperform” rating and a $83.00 target price for the company. Finally, Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the company an “overweight” rating in a research report on Monday, April 14th.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 722,841 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $48,300,235.62. Following the completion of the transaction, the chairman directly owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the sale, the insider owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Coppell Advisory Solutions LLC raised its stake in shares of Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock valued at $27,000 after acquiring an additional 447 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in Dutch Bros in the first quarter valued at $31,000. Cullen Frost Bankers Inc. bought a new position in Dutch Bros during the 1st quarter worth $31,000. Banque Transatlantique SA acquired a new position in Dutch Bros during the 1st quarter worth about $38,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Dutch Bros in the 4th quarter valued at about $43,000. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Price Performance

NYSE:BROS opened at $62.85 on Thursday. The company has a market cap of $10.34 billion, a P/E ratio of 161.15, a P/E/G ratio of 3.83 and a beta of 2.65. The firm’s fifty day moving average price is $68.71 and its two-hundred day moving average price is $65.11. Dutch Bros has a one year low of $26.96 and a one year high of $86.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. Dutch Bros had a net margin of 3.20% and a return on equity of 7.73%. Dutch Bros’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Equities analysts expect that Dutch Bros will post 0.57 earnings per share for the current year.

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.