Dutch Bros (NYSE:BROS) Now Covered by Royal Bank of Canada

Royal Bank of Canada began coverage on shares of Dutch Bros (NYSE:BROS) in a report released on Wednesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $83.00 price target on the stock.

A number of other equities analysts have also commented on BROS. Bank of America increased their price target on Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Stifel Nicolaus reduced their price objective on Dutch Bros from $85.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Jefferies Financial Group increased their target price on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Barclays increased their target price on Dutch Bros from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Morgan Stanley set a $80.00 price objective on Dutch Bros and gave the stock an “overweight” rating in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $75.73.

Dutch Bros Price Performance

NYSE BROS opened at $71.62 on Wednesday. The company has a market capitalization of $11.04 billion, a PE ratio of 210.65, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.76. The business’s fifty day moving average is $61.26 and its 200 day moving average is $58.88. Dutch Bros has a fifty-two week low of $26.96 and a fifty-two week high of $86.88.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. Dutch Bros had a return on equity of 6.78% and a net margin of 2.75%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Sell-side analysts predict that Dutch Bros will post 0.57 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total transaction of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares in the company, valued at $175,415,408.94. This trade represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 679,996 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $74.77, for a total value of $50,843,300.92. Following the transaction, the chairman now owns 2,640,779 shares of the company’s stock, valued at approximately $197,451,045.83. This represents a 20.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,632 shares of company stock worth $201,509,627 in the last ninety days. Insiders own 42.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BROS. Radnor Capital Management LLC acquired a new stake in shares of Dutch Bros in the fourth quarter valued at $243,000. My Legacy Advisors LLC acquired a new stake in Dutch Bros in the fourth quarter valued at $233,000. Harbor Investment Advisory LLC acquired a new stake in Dutch Bros in the fourth quarter valued at $60,000. SG Americas Securities LLC acquired a new stake in shares of Dutch Bros during the fourth quarter worth about $2,681,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Dutch Bros by 68.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 36,688 shares of the company’s stock worth $1,922,000 after purchasing an additional 14,970 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

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.