Wedbush Reiterates “Outperform” Rating for Dutch Bros (NYSE:BROS)

Wedbush restated their outperform rating on shares of Dutch Bros (NYSE:BROS) in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a $37.00 price target on the stock. Wedbush also issued estimates for Dutch Bros’ Q2 2024 earnings at $0.13 EPS, Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.28 EPS, Q1 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.33 EPS.

A number of other brokerages have also recently weighed in on BROS. Barclays dropped their target price on shares of Dutch Bros from $31.00 to $30.00 and set an equal weight rating on the stock in a report on Thursday, February 22nd. JPMorgan Chase & Co. upped their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an overweight rating in a research report on Tuesday, March 19th. William Blair restated an outperform rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Piper Sandler upgraded shares of Dutch Bros from a neutral rating to an overweight rating and increased their target price for the company from $32.00 to $37.00 in a research report on Monday, March 4th. Finally, TD Cowen reiterated a market perform rating and issued a $33.00 target price on shares of Dutch Bros in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of Moderate Buy and an average target price of $34.44.

Dutch Bros Stock Up 1.2 %

Shares of NYSE:BROS opened at $32.87 on Wednesday. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 1,095.67 and a beta of 2.41. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $36.17. The company’s fifty day moving average is $30.12 and its two-hundred day moving average is $28.30. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $254.12 million for the quarter, compared to analysts’ expectations of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. Equities analysts anticipate that Dutch Bros will post 0.26 EPS for the current year.

Insider Buying and Selling

In other Dutch Bros news, COO Brian Maxwell sold 1,474 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $35.00, for a total value of $51,590.00. Following the completion of the sale, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at $36,387,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brian Maxwell sold 1,474 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the transaction, the chief operating officer now owns 1,039,646 shares of the company’s stock, valued at $36,387,610. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,907,188 shares of company stock worth $561,438,392. Corporate insiders own 49.70% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently bought and sold shares of BROS. Bank of New York Mellon Corp raised its stake in Dutch Bros by 130.5% during the 1st quarter. Bank of New York Mellon Corp now owns 62,839 shares of the company’s stock valued at $3,474,000 after purchasing an additional 35,574 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Dutch Bros by 7.9% in the 1st quarter. HighTower Advisors LLC now owns 8,894 shares of the company’s stock valued at $493,000 after buying an additional 651 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Dutch Bros by 422.9% in the 1st quarter. Blair William & Co. IL now owns 182,592 shares of the company’s stock valued at $10,092,000 after buying an additional 147,673 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Dutch Bros in the 1st quarter valued at $943,000. Finally, Cetera Investment Advisers raised its stake in shares of Dutch Bros by 96.3% in the 1st quarter. Cetera Investment Advisers now owns 9,354 shares of the company’s stock valued at $517,000 after buying an additional 4,590 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

About Dutch Bros

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.