Dutch Bros Inc. (NYSE:BROS) Receives $75.77 Consensus Price Target from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have earned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $75.7727.

Several equities analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Wolfe Research assumed coverage on shares of Dutch Bros in a report on Monday, March 9th. They set an “outperform” rating and a $77.00 price target for the company. Barclays cut their price target on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. UBS Group reissued a “buy” rating on shares of Dutch Bros in a report on Friday, April 10th. Finally, BNP Paribas Exane assumed coverage on shares of Dutch Bros in a report on Monday, March 30th. They set an “outperform” rating and a $73.00 price target for the company.

Insider Transactions at Dutch Bros

In other news, Director Todd Allan Penegor purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $51.17 per share, with a total value of $102,340.00. Following the acquisition, the director directly owned 5,358 shares of the company’s stock, valued at approximately $274,168.86. This trade represents a 59.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 38.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors have recently added to or reduced their stakes in BROS. KLP Kapitalforvaltning AS raised its stake in shares of Dutch Bros by 0.8% in the third quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock worth $1,319,000 after acquiring an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Dutch Bros by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock worth $975,000 after acquiring an additional 200 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Dutch Bros by 0.4% in the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after acquiring an additional 211 shares during the last quarter. AdvisorShares Investments LLC raised its stake in shares of Dutch Bros by 7.2% in the fourth quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock worth $194,000 after acquiring an additional 212 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Dutch Bros by 4.8% in the third quarter. Verdence Capital Advisors LLC now owns 4,732 shares of the company’s stock worth $248,000 after acquiring an additional 217 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $52.73 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The firm’s 50-day simple moving average is $52.45 and its 200-day simple moving average is $55.70. Dutch Bros has a twelve month low of $44.58 and a twelve month high of $77.88. The firm has a market cap of $9.21 billion, a P/E ratio of 82.40, a price-to-earnings-growth ratio of 1.72 and a beta of 2.40.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.70 million. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue was up 30.7% on a year-over-year basis. As a group, research analysts expect that Dutch Bros will post 0.83 EPS for the current fiscal year.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.