Dutch Bros (NYSE:BROS) Issues Quarterly Earnings Results

Dutch Bros (NYSE:BROS) released its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04, Briefing.com reports. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. Dutch Bros updated its FY 2024 guidance to EPS.

Dutch Bros Stock Performance

NYSE BROS traded up $9.82 during mid-day trading on Thursday, reaching $44.76. 20,541,810 shares of the stock were exchanged, compared to its average volume of 2,792,382. The business’s 50 day moving average is $33.53 and its 200-day moving average is $34.99. Dutch Bros has a 1 year low of $25.46 and a 1 year high of $50.24. The company has a market capitalization of $6.90 billion, a P/E ratio of 179.04, a P/E/G ratio of 3.64 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19.

Wall Street Analysts Forecast Growth

BROS has been the subject of several research reports. TD Cowen upped their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush boosted their price objective on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Finally, UBS Group boosted their price objective on shares of Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.60.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the sale, the insider now owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,689,583 shares of company stock valued at $55,164,707 over the last ninety days. Corporate insiders own 46.50% 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.