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

Dutch Bros (NYSE:BROS) was upgraded by equities researchers at KeyCorp to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada boosted their target price on Dutch Bros from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Zacks Research cut shares of Dutch Bros from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. TD Cowen reissued a “buy” rating and set a $70.00 price objective on shares of Dutch Bros in a research report on Monday, December 1st. UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a report on Tuesday. Finally, Stifel Nicolaus dropped 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. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.68.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $63.05 on Tuesday. Dutch Bros has a fifty-two week low of $47.16 and a fifty-two week high of $86.88. The company has a 50 day simple moving average of $56.44 and a two-hundred day simple moving average of $61.42. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 126.10, a P/E/G ratio of 3.19 and a beta of 2.55. 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 issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $423.58 million for the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. Analysts expect that Dutch Bros will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Travis Boersma sold 1,678,616 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $93,062,471.04. Following the completion of the transaction, the chairman directly owned 9,817 shares of the company’s stock, valued at $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 available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the transaction, the insider owned 9,817 shares in the company, valued at approximately $544,254.48. This trade represents a 98.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,465,214 shares of company stock valued at $189,800,291 over the last quarter. Company insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of BROS. Blair William & Co. IL increased its stake in Dutch Bros by 27.6% in the 2nd quarter. Blair William & Co. IL now owns 228,604 shares of the company’s stock worth $15,630,000 after buying an additional 49,501 shares in the last quarter. Joule Financial LLC bought a new stake in Dutch Bros during the 2nd quarter valued at approximately $724,000. Jump Financial LLC lifted its holdings in Dutch Bros by 47.3% in the 1st quarter. Jump Financial LLC now owns 223,771 shares of the company’s stock worth $13,816,000 after purchasing an additional 71,834 shares in the last quarter. Total Clarity Wealth Management Inc. bought a new position in Dutch Bros in the 2nd quarter worth approximately $850,000. Finally, Capital CS Group LLC purchased a new stake in Dutch Bros during the 2nd quarter valued at approximately $470,000. 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.