Dutch Bros (NYSE:BROS) Stock Price Target Lowered at Oppenheimer

Dutch Bros (NYSE:BROS) had its target price decreased by Oppenheimer from $66.00 to $54.00 in a research note published on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on BROS. Seaport Research Partners began coverage on Dutch Bros in a research report on Wednesday, September 16th. They set a “buy” rating and a $50.00 target price for the company. Morgan Stanley decreased their target price on shares of Dutch Bros from $88.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. JPMorgan Chase & Co. decreased their target price on shares of Dutch Bros from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Raymond James Financial set a $59.00 target price on shares of Dutch Bros in a research report on Friday, September 18th. Finally, TD Cowen cut their price target on shares of Dutch Bros from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.83.

Dutch Bros Stock Down 21.3%

BROS opened at $34.60 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The stock has a fifty day moving average of $41.78 and a 200-day moving average of $53.02. Dutch Bros has a fifty-two week low of $33.98 and a fifty-two week high of $74.02. The company has a market capitalization of $6.04 billion, a P/E ratio of 44.36, a P/E/G ratio of 1.37 and a beta of 1.97.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Dutch Bros had a net margin of 5.08% and a return on equity of 10.68%. The firm had revenue of $549.84 million during the quarter, compared to the consensus estimate of $548.27 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities analysts expect that Dutch Bros will post 0.88 EPS for the current year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 1,032,216 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $46,171,021.68. Following the sale, the chairman directly owned 1,366,580 shares of the company’s stock, valued at approximately $61,127,123.40. This represents a 43.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 359,284 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the sale, the insider owned 1,366,580 shares of the company’s stock, valued at approximately $61,127,123.40. This trade represents a 20.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,044,220 shares of company stock valued at $179,732,644. Company insiders own 38.90% of the company’s stock.

Institutional Trading of Dutch Bros

Large investors have recently bought and sold shares of the business. Lido Advisors LLC bought a new position in shares of Dutch Bros during the 3rd quarter worth about $803,000. D.B. Root & Company LLC increased its position in Dutch Bros by 43.7% in the 3rd quarter. D.B. Root & Company LLC now owns 12,053 shares of the company’s stock valued at $465,000 after buying an additional 3,666 shares in the last quarter. New York Life Investment Management LLC bought a new stake in Dutch Bros in the 3rd quarter valued at about $751,000. AlphaCore Capital LLC raised its stake in Dutch Bros by 48.1% during the 3rd quarter. AlphaCore Capital LLC now owns 16,419 shares of the company’s stock worth $633,000 after buying an additional 5,331 shares during the period. Finally, Retirement Systems of Alabama raised its stake in Dutch Bros by 1.3% during the 3rd quarter. Retirement Systems of Alabama now owns 133,742 shares of the company’s stock worth $5,157,000 after buying an additional 1,777 shares during the period. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros News Roundup

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Q3 revenue grew about 30% year over year to roughly $550 million, slightly exceeding estimates. Earnings of $0.25 per share also topped the $0.24 consensus. Why Dutch Bros Stock Crashed Today
• Positive Sentiment: The company plans approximately 250 system shop openings in 2027 and is considering hot food and delivery, offering potential avenues for continued expansion. Dutch Bros: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Investors appear concerned that Q3 traffic growth slowed and the company’s full-year outlook was cautious or below Wall Street expectations. That guidance concern outweighed the quarterly beat. Dutch Bros tumbles on cautious outlook
• Negative Sentiment: Several analysts lowered price targets following results, including RBC, which also moved to a “sector perform” rating. Other firms retained positive ratings, but the broad target cuts signal a reset in expectations. Dutch Bros Analysts Cut Their Forecasts After Q3 Results
• Negative Sentiment: Chairman Travis Boersma and an associated major shareholder sold substantial amounts of stock in transactions under pre-arranged Rule 10b5-1 plans. Such planned sales do not necessarily indicate a change in the company’s outlook, but may add to investor unease. Dutch Bros insider trades

About Dutch Bros

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.