KeyCorp Has Lowered Expectations for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its price target decreased by research analysts at KeyCorp from $59.00 to $52.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp‘s target price would suggest a potential upside of 53.80% from the stock’s previous close.

A number of other research firms have also recently issued reports on BROS. Seaport Research Partners started coverage on Dutch Bros in a research note on Wednesday, September 16th. They issued a “buy” rating and a $50.00 target price on the stock. Raymond James Financial set a $59.00 price target on shares of Dutch Bros in a research report on Friday, September 18th. Wells Fargo & Company lowered their price target on shares of Dutch Bros from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group dropped their price objective on shares of Dutch Bros from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Finally, TD Cowen cut their price objective on shares of Dutch Bros from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.62.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded down $0.76 on Thursday, reaching $33.81. 6,821,120 shares of the company were exchanged, compared to its average volume of 4,417,980. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The company’s 50-day moving average is $41.44 and its two-hundred day moving average is $52.88. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 43.35, a P/E/G ratio of 1.37 and a beta of 1.97. Dutch Bros has a 1-year low of $33.17 and a 1-year high of $74.02.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%. The business had revenue of $549.84 million for the quarter, compared to the consensus estimate of $548.27 million. During the same quarter last year, the business posted $0.19 EPS. The business’s revenue was up 29.8% on a year-over-year basis. As a group, research analysts expect that Dutch Bros will post 0.88 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,032,216 shares of Dutch Bros stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the sale, the chairman owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. The trade was a 43.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of Dutch Bros stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $16,070,773.32. Following the sale, the insider directly owned 1,366,580 shares in the company, valued at $61,127,123.40. The trade was a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 4,044,220 shares of company stock worth $179,732,644. 38.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BROS. D.A. Davidson & CO. raised its stake in shares of Dutch Bros by 0.4% during the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after purchasing an additional 211 shares in the last quarter. Arizona State Retirement System lifted its holdings in Dutch Bros by 0.7% in the second quarter. Arizona State Retirement System now owns 35,124 shares of the company’s stock worth $2,522,000 after purchasing an additional 238 shares during the period. GAMMA Investing LLC lifted its holdings in Dutch Bros by 12.7% in the second quarter. GAMMA Investing LLC now owns 2,927 shares of the company’s stock worth $210,000 after purchasing an additional 329 shares during the period. Ferguson Wellman Capital Management Inc. grew its position in Dutch Bros by 4.7% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 7,791 shares of the company’s stock valued at $395,000 after buying an additional 347 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Dutch Bros by 1.9% during the 3rd quarter. Parallel Advisors LLC now owns 20,080 shares of the company’s stock valued at $774,000 after buying an additional 377 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

More Dutch Bros News

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

• Positive Sentiment: Q3 revenue rose about 30% year over year to roughly $550 million, narrowly beating estimates, while earnings of $0.25 per share topped the $0.24 consensus. Dutch Bros Q3 earnings and revenues
• Positive Sentiment: The company plans approximately 250 system shop openings in 2027, supporting its longer-term expansion plans. Dutch Bros: 3 key takeaways
• Positive Sentiment: Citigroup lowered its price target to $64 but maintained a Buy rating; a separate analysis argues BROS may be undervalued after the results. Dutch Bros could be undervalued
• Neutral Sentiment: Dutch Bros unveiled its 2026 holiday menu, a product update that could support customer interest but is not yet shown to materially change the outlook. Dutch Bros unveils 2026 holiday menu
• Negative Sentiment: Investors focused on slowing Q3 traffic and a reduced EBITDA forecast, along with a cautious outlook for sales growth. Those concerns outweighed the quarterly earnings beat and drove a sharp post-results selloff. Shares drop as sales growth slows and EBITDA forecast is reduced
• Negative Sentiment: Several analysts cut price targets after the report, including RBC to $38 and Oppenheimer and BNP Paribas Exane to $54, reflecting a more cautious near-term view. Analysts cut forecasts after Q3 results
• Negative Sentiment: Chairman Travis Boersma and major shareholder DM Individual Aggregator sold substantial shareholdings. The sales were under pre-arranged trading plans, but may still weigh on sentiment. Insider share sales

About Dutch Bros

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.