Dutch Bros Inc. (NYSE:BROS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $51.27.

Several research firms recently commented on BROS. Stifel Nicolaus boosted their price objective on shares of Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Tuesday, December 17th. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Robert W. Baird lifted their target price on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th.

Dutch Bros Stock Performance

Shares of Dutch Bros stock opened at $56.31 on Friday. The firm has a fifty day moving average of $48.82 and a two-hundred day moving average of $40.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 194.18, a PEG ratio of 3.89 and a beta of 2.72. Dutch Bros has a 52 week low of $25.46 and a 52 week high of $56.41.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. Dutch Bros’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS. As a group, equities research analysts predict that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the sale, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 285,462 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $9,528,721.56. Following the completion of the transaction, the chairman now directly owns 9,817 shares in the company, valued at $327,691.46. This represents a 96.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock worth $19,040,697 over the last three months. Company insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Dutch Bros in the 3rd quarter valued at $50,000. Virtu Financial LLC acquired a new position in shares of Dutch Bros during the third quarter valued at about $573,000. Geode Capital Management LLC increased its position in shares of Dutch Bros by 28.9% during the third quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock worth $56,814,000 after acquiring an additional 397,754 shares in the last quarter. Bullseye Asset Management LLC raised its holdings in shares of Dutch Bros by 33.3% in the 3rd quarter. Bullseye Asset Management LLC now owns 8,000 shares of the company’s stock worth $256,000 after acquiring an additional 2,000 shares during the last quarter. Finally, M&T Bank Corp bought a new position in Dutch Bros in the 3rd quarter valued at about $436,000. Institutional investors own 85.54% of the company’s stock.

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.