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

Shares of Dutch Bros Inc. (NYSE:BROS) have been given an average recommendation of “Moderate Buy” by the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $79.8824.

Several analysts recently commented on BROS shares. Barclays raised their price objective on shares of Dutch Bros from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. CICC Research assumed coverage on shares of Dutch Bros in a report on Monday, June 30th. They issued an “outperform” rating and a $80.00 target price for the company. The Goldman Sachs Group reduced their price target on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 price target on shares of Dutch Bros in a research note on Wednesday, September 24th. Finally, Guggenheim raised their price objective on Dutch Bros from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, August 7th.

Dutch Bros Stock Down 2.9%

Dutch Bros stock opened at $49.09 on Tuesday. The stock’s 50 day moving average price is $62.25 and its 200 day moving average price is $63.92. Dutch Bros has a 1-year low of $30.49 and a 1-year high of $86.88. The company has a market cap of $8.08 billion, a PE ratio of 104.45, a price-to-earnings-growth ratio of 2.79 and a beta of 2.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million during the quarter, compared to analysts’ expectations of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.Dutch Bros’s revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. On average, sell-side analysts predict that Dutch Bros will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the transaction, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Travis Boersma sold 787,681 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the completion of the sale, the chairman owned 975,031 shares in the company, valued at $67,218,637.14. This represents a 44.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,161,101 shares of company stock worth $207,633,882 in the last three months. 42.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP lifted its stake in Dutch Bros by 139.2% in the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock valued at $171,593,000 after buying an additional 1,460,376 shares in the last quarter. Norges Bank acquired a new position in shares of Dutch Bros in the second quarter worth $93,525,000. BNP Paribas Financial Markets lifted its position in shares of Dutch Bros by 1,572.2% in the first quarter. BNP Paribas Financial Markets now owns 1,144,488 shares of the company’s stock valued at $70,661,000 after acquiring an additional 1,076,045 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Dutch Bros by 70.9% during the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company’s stock valued at $159,517,000 after acquiring an additional 967,861 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Dutch Bros by 29.9% during the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company’s stock valued at $211,163,000 after acquiring an additional 788,100 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

About Dutch Bros

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.