Dutch Bros (NYSE:BROS) Upgraded to “Strong-Buy” at Stephens

Stephens upgraded shares of Dutch Bros (NYSE:BROS) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on BROS. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. UBS Group reissued a “buy” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. Royal Bank Of Canada restated an “outperform” rating on shares of Dutch Bros in a report on Wednesday, May 20th. BNP Paribas Exane started coverage on Dutch Bros in a research note on Monday, March 30th. They issued an “outperform” rating and a $73.00 price objective for the company. Finally, DA Davidson raised their price objective on shares of Dutch Bros from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Dutch Bros Trading Up 4.5%

Shares of Dutch Bros stock opened at $68.28 on Thursday. The firm has a market capitalization of $11.92 billion, a PE ratio of 106.69, a price-to-earnings-growth ratio of 2.11 and a beta of 2.31. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $61.73 and its 200 day moving average is $57.33. Dutch Bros has a 1 year low of $44.58 and a 1 year high of $74.65.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.69 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was up 30.7% on a year-over-year basis. Equities research analysts forecast that Dutch Bros will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 750,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the sale, the chairman owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the sale, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. The trade was a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Several institutional investors have recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. acquired a new stake in Dutch Bros during the 2nd quarter valued at approximately $27,000. Rakuten Securities Inc. raised its holdings in Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $31,000. Ankerstar Wealth LLC acquired a new position in shares of Dutch Bros in the 4th quarter worth approximately $31,000. Finally, Quarry LP boosted its stake in shares of Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

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.