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

Dutch Bros Inc. (NYSE:BROS) has been given an average rating of “Buy” by the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $77.3889.

A number of analysts have recently issued reports on BROS shares. Guggenheim raised their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. The Goldman Sachs Group dropped their price objective on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Bank of America lifted their price objective on shares of Dutch Bros from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on shares of Dutch Bros from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider directly owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the completion of the transaction, the chairman directly owned 975,031 shares in the company, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,161,101 shares of company stock valued at $207,633,882 in the last quarter. Corporate insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently bought and sold shares of BROS. Ninety One UK Ltd bought a new position in Dutch Bros in the 3rd quarter valued at about $135,336,000. Marshall Wace LLP increased its holdings in Dutch Bros by 139.2% in the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock valued at $171,593,000 after buying an additional 1,460,376 shares during the period. Norges Bank bought a new position in Dutch Bros in the 2nd quarter valued at about $93,525,000. BNP Paribas Financial Markets increased its holdings in Dutch Bros by 1,572.2% in the 1st quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock valued at $70,661,000 after buying an additional 1,076,045 shares during the period. Finally, Invesco Ltd. increased its holdings in Dutch Bros by 70.9% in the 2nd quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock valued at $159,517,000 after buying an additional 967,861 shares during the period. 85.54% of the stock is owned by institutional investors.

Dutch Bros Stock Performance

NYSE BROS opened at $57.92 on Friday. The firm has a 50-day moving average of $59.44 and a 200-day moving average of $63.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.42 and a current ratio of 1.64. The stock has a market cap of $9.53 billion, a PE ratio of 123.23, a P/E/G ratio of 2.93 and a beta of 2.55. Dutch Bros has a 52-week low of $32.68 and a 52-week high of $86.88.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $415.81 million during the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. Dutch Bros’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. On average, sell-side analysts anticipate that Dutch Bros will post 0.57 EPS for the current year.

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.