Dutch Bros’ (BROS) “Buy” Rating Reaffirmed at TD Cowen

TD Cowen reiterated their buy rating on shares of Dutch Bros (NYSE:BROS) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $47.00 target price on the stock.

Several other equities research analysts have also weighed in on BROS. Piper Sandler lowered Dutch Bros from an overweight rating to a neutral rating and dropped their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Barclays cut their price objective on shares of Dutch Bros from $35.00 to $31.00 and set an equal weight rating on the stock in a research report on Friday, August 9th. Wedbush reissued an outperform rating and set a $45.00 target price on shares of Dutch Bros in a research note on Thursday, August 8th. Robert W. Baird reduced their price objective on Dutch Bros from $42.00 to $37.00 and set a neutral rating for the company in a research report on Thursday, August 8th. Finally, Guggenheim upgraded Dutch Bros from a neutral rating to a buy rating in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $39.73.

Dutch Bros Trading Up 3.2 %

Dutch Bros stock opened at $33.97 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $43.49. The firm’s 50-day moving average is $35.28 and its 200-day moving average is $34.47. The company has a market cap of $6.02 billion, a P/E ratio of 188.69, a PEG ratio of 2.61 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, equities analysts expect that Dutch Bros will post 0.32 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the completion of the sale, the insider now owns 512,300 shares in the company, valued at $16,593,397. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,096,452 shares of company stock valued at $35,018,776. 46.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently modified their holdings of BROS. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros during the first quarter valued at $26,000. Arcadia Investment Management Corp MI acquired a new position in shares of Dutch Bros in the second quarter worth about $27,000. Quest Partners LLC boosted its holdings in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after buying an additional 764 shares during the period. Abound Wealth Management purchased a new position in shares of Dutch Bros in the second quarter worth approximately $39,000. Finally, Quarry LP acquired a new stake in shares of Dutch Bros during the second quarter valued at approximately $43,000. 85.54% of the stock is owned by institutional investors.

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.