Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $76.72

Dutch Bros Inc. (NYSE:BROS) has been given a consensus recommendation of “Buy” by the twenty-three analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $76.7222.

Several brokerages have recently issued reports on BROS. Zacks Research upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Piper Sandler decreased their price target on shares of Dutch Bros from $73.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada dropped their price objective on shares of Dutch Bros from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Mizuho upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company decreased their target price on Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th.

Insider Activity

In other news, Chairman Travis Boersma sold 787,681 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the sale, the chairman directly owned 975,031 shares in the company, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently bought and sold shares of the business. Blair William & Co. IL boosted its stake in Dutch Bros by 27.6% in the second quarter. Blair William & Co. IL now owns 228,604 shares of the company’s stock valued at $15,630,000 after acquiring an additional 49,501 shares during the last quarter. Joule Financial LLC bought a new stake in shares of Dutch Bros during the 2nd quarter valued at $724,000. Berkshire Capital Holdings Inc. acquired a new position in shares of Dutch Bros in the 1st quarter valued at $6,438,000. Jump Financial LLC boosted its position in shares of 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 during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Dutch Bros in the 2nd quarter worth $850,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Trading Up 7.9%

Dutch Bros stock opened at $54.89 on Wednesday. Dutch Bros has a 52 week low of $47.16 and a 52 week high of $86.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.32 and a current ratio of 1.52. The firm has a market capitalization of $9.03 billion, a PE ratio of 109.78, a PEG ratio of 2.62 and a beta of 2.56. The business’s 50-day simple moving average is $54.45 and its 200-day simple moving average is $62.55.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $423.58 million during the quarter, compared to the consensus estimate of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. Dutch Bros has set its FY 2025 guidance at EPS. Equities research analysts forecast that Dutch Bros will post 0.57 earnings per share 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.