Dutch Bros (NYSE:BROS) Upgraded to Strong-Buy at Melius Research

Melius Research upgraded shares of Dutch Bros (NYSE:BROS) to a strong-buy rating in a research report released on Monday,Zacks.com reports.

A number of other research firms have also recently commented on BROS. The Goldman Sachs Group assumed coverage on Dutch Bros in a research note on Thursday, June 26th. They issued a “neutral” rating and a $75.00 price target for the company. Barclays increased their price objective on Dutch Bros from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Wells Fargo & Company started coverage on Dutch Bros in a report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 price objective on the stock. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Dutch Bros in a report on Monday, March 31st. Finally, Guggenheim increased their price objective on Dutch Bros from $54.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Dutch Bros currently has an average rating of “Buy” and an average target price of $75.94.

Dutch Bros Trading Down 1.6%

Shares of NYSE BROS opened at $62.85 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.95 and a quick ratio of 1.75. The stock has a market capitalization of $10.34 billion, a P/E ratio of 161.15, a price-to-earnings-growth ratio of 3.83 and a beta of 2.65. Dutch Bros has a 1-year low of $26.96 and a 1-year high of $86.88. The business has a fifty day moving average price of $68.71 and a 200 day moving average price of $65.11.

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

Insider Transactions at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the transaction, the insider owned 2,373,933 shares in the company, valued at $170,970,654.66. This trade represents a 18.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 722,841 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the transaction, the chairman owned 1,940,245 shares in the company, valued at $129,647,170.90. This represents a 27.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,465,214 shares of company stock worth $237,721,138. Company insiders own 42.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc purchased a new position in Dutch Bros during the 1st quarter worth approximately $31,000. Cullen Frost Bankers Inc. purchased a new position in Dutch Bros during the 1st quarter worth approximately $31,000. Coppell Advisory Solutions LLC grew its stake in Dutch Bros by 638.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company’s stock worth $27,000 after buying an additional 447 shares during the last quarter. Banque Transatlantique SA purchased a new position in Dutch Bros during the 1st quarter worth approximately $38,000. Finally, Bernard Wealth Management Corp. purchased a new position in Dutch Bros during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

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.