Dutch Bros (NYSE:BROS) Stock Rating Upgraded by Stephens

Dutch Bros (NYSE:BROS) was upgraded by research analysts at Stephens to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms also recently commented on BROS. Telsey Advisory Group initiated coverage on shares of Dutch Bros in a research report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 target price on the stock. Citigroup upped their price target on shares of Dutch Bros from $84.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. DA Davidson increased their price objective on shares of Dutch Bros from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. Finally, Oppenheimer lifted their price objective on shares of Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $77.50.

Dutch Bros Price Performance

BROS opened at $68.28 on Thursday. Dutch Bros has a 12-month low of $44.58 and a 12-month high of $74.65. 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 business’s fifty day simple moving average is $61.73 and its 200-day simple moving average is $57.33. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 106.69, a PEG ratio of 2.11 and a beta of 2.31.

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

Insider Transactions at Dutch Bros

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

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. purchased a new position in shares of Dutch Bros in the 2nd quarter valued at approximately $27,000. Rakuten Securities Inc. grew its position 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. purchased a new stake in Dutch Bros during the 4th quarter worth approximately $31,000. Ankerstar Wealth LLC purchased a new stake in Dutch Bros during the 4th quarter worth approximately $31,000. Finally, Quarry LP increased its stake in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.