Dutch Bros (NYSE:BROS) Raised to Strong-Buy at Freedom Capital

Dutch Bros (NYSE:BROS) was upgraded by analysts at Freedom Capital to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on BROS. KeyCorp raised their target price on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. DA Davidson upped their price target on Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. TD Cowen reiterated a “buy” rating and issued a $73.00 price objective on shares of Dutch Bros in a report on Wednesday, June 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a report on Monday, April 20th. Finally, Citigroup raised their price objective on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Dutch Bros Price Performance

BROS stock opened at $72.17 on Wednesday. Dutch Bros has a 1 year low of $44.58 and a 1 year high of $74.65. The company has a market cap of $12.61 billion, a P/E ratio of 112.78, a PEG ratio of 2.37 and a beta of 2.31. The firm has a 50-day moving average of $59.40 and a 200 day moving average of $57.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.69 million. During the same period last year, the business posted $0.14 earnings per share. Dutch Bros’s quarterly revenue was up 30.7% compared to the same quarter last year. On average, sell-side analysts forecast that Dutch Bros will post 0.84 EPS for the current year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the sale, the chairman directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 23.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the sale, the insider owned 2,410,800 shares in the company, valued at $151,928,616. The trade was a 9.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,086,245 shares of company stock valued at $243,021,771 over the last quarter. Company insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Hedge funds have recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the second quarter valued at $27,000. Rakuten Securities Inc. grew its position in Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in Dutch Bros in the fourth quarter worth about $31,000. Ankerstar Wealth LLC purchased a new position in Dutch Bros in the fourth quarter worth about $31,000. Finally, Quarry LP lifted its stake in shares of Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after buying an additional 273 shares in the last quarter. 85.54% of the stock is owned by institutional investors.

Trending Headlines about Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Freedom Capital upgraded Dutch Bros (BROS) to strong-buy, adding to the bullish analyst sentiment around the stock. Zacks.com coverage
• Positive Sentiment: Reports say Dutch Bros (BROS) may be below fair value after raised guidance, pointing to improving fundamentals and potential upside if growth holds. Dutch Bros stock may be below fair value article
• Positive Sentiment: Dutch Bros (BROS) is expanding into Seattle with its first store in a former Starbucks location, underscoring continued unit growth and competitive momentum. Seattle store article
• Neutral Sentiment: Several articles this week focused on Dutch Bros’ recent rally, analyst comparisons, and product promotions; these help explain the current attention on the stock but are less likely to move shares on their own. Motley Fool article

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.