Dutch Bros (NYSE:BROS) Earns Buy Rating from Analysts at Citigroup

Analysts at Citigroup started coverage on shares of Dutch Bros (NYSE:BROS) in a note issued to investors on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $82.00 price target on the stock. Citigroup’s price objective points to a potential upside of 42.20% from the company’s current price.

A number of other research analysts also recently issued reports on BROS. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. Barclays increased their target price on Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Stifel Nicolaus reduced their target price on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Morgan Stanley decreased their price objective on shares of Dutch Bros from $84.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, Evercore ISI set a $73.00 price objective on Dutch Bros in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average target price of $77.19.

Dutch Bros Trading Down 0.3%

Dutch Bros stock opened at $57.67 on Monday. The firm’s fifty day moving average price is $60.62 and its 200-day moving average price is $59.99. The stock has a market cap of $9.49 billion, a P/E ratio of 118.77, a PEG ratio of 2.31 and a beta of 2.55. Dutch Bros has a fifty-two week low of $47.16 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.52.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The firm had revenue of $423.58 million during the quarter, compared to analyst estimates of $414.81 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was up 25.3% on a year-over-year basis. Equities research analysts forecast that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 1,678,616 shares of Dutch Bros stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the sale, the chairman owned 9,817 shares in the company, valued at approximately $544,254.48. The trade was a 99.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the completion of the sale, the insider owned 9,817 shares of the company’s stock, valued at $544,254.48. This trade represents a 98.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,465,214 shares of company stock valued at $189,800,291. Company insiders own 42.40% of the company’s stock.

Institutional Trading of Dutch Bros

Institutional investors have recently added to or reduced their stakes in the business. Ninety One UK Ltd purchased a new position in Dutch Bros in the 3rd quarter valued at about $135,336,000. Marshall Wace LLP increased its position in Dutch Bros by 139.2% in the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock worth $171,593,000 after buying an additional 1,460,376 shares during the period. Norges Bank acquired a new position in shares of Dutch Bros during the second quarter worth approximately $93,525,000. Balyasny Asset Management L.P. raised its stake in shares of Dutch Bros by 196.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,817,201 shares of the company’s stock worth $95,112,000 after buying an additional 1,203,338 shares in the last quarter. Finally, Invesco Ltd. raised its position in Dutch Bros by 70.9% in the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock worth $159,517,000 after acquiring an additional 967,861 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.