Dutch Bros Inc. (NYSE:BROS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have earned a consensus rating of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $76.00.

A number of research analysts have recently weighed in on BROS shares. DA Davidson reissued a “buy” rating and issued a $75.00 price target on shares of Dutch Bros in a research note on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a report on Monday, April 20th. Piper Sandler increased their target price on Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. TD Cowen restated a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a research report on Wednesday. Finally, KeyCorp upped their price target on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 189,655 shares of Dutch Bros stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $56.21, for a total transaction of $10,660,507.55. Following the transaction, the insider directly owned 3,265,362 shares of the company’s stock, valued at $183,545,998.02. This trade represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christine Barone sold 42,031 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the completion of the transaction, the chief executive officer directly owned 44,573 shares of the company’s stock, valued at $2,680,174.49. This trade represents a 48.53% 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 a total of 2,064,137 shares of company stock worth $118,252,815 in the last ninety days. Company insiders own 38.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Osterweis Capital Management Inc. bought a new stake in shares of Dutch Bros in the second quarter worth about $27,000. Brown Lisle Cummings Inc. acquired a new position in shares of Dutch Bros in the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. grew its position in shares of Dutch Bros by 557.4% in 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 period. Ankerstar Wealth LLC bought a new stake in Dutch Bros during the 4th quarter worth approximately $31,000. Finally, Quarry LP increased its stake in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Up 7.9%

Shares of NYSE BROS opened at $65.03 on Friday. Dutch Bros has a 1 year low of $44.58 and a 1 year high of $74.65. The firm’s 50-day moving average is $54.57 and its 200-day moving average is $55.99. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $11.36 billion, a PE ratio of 101.62, a price-to-earnings-growth ratio of 1.95 and a beta of 2.36.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting 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 for the quarter, compared to analyst estimates of $449.70 million. During the same period in the prior year, the business posted $0.14 earnings per share. Dutch Bros’s revenue was up 30.7% compared to the same quarter last year. Equities analysts expect that Dutch Bros will post 0.84 EPS for the current year.

Dutch Bros Company Profile

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.