Piper Sandler Issues Pessimistic Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its target price lowered by research analysts at Piper Sandler from $73.00 to $63.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 18.07% from the company’s previous close.

Several other equities analysts have also commented on BROS. Melius Research raised shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, July 14th. Wells Fargo & Company cut their price target on shares of Dutch Bros from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 16th. Guggenheim lifted their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. UBS Group reissued a “buy” rating and set a $85.00 price objective on shares of Dutch Bros in a report on Tuesday, October 28th. Finally, Mizuho raised Dutch Bros to a “strong-buy” rating in a research report on Tuesday, October 28th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Dutch Bros has an average rating of “Buy” and a consensus price target of $76.72.

Dutch Bros Stock Up 0.3%

Shares of BROS stock opened at $53.36 on Thursday. Dutch Bros has a 1-year low of $43.62 and a 1-year high of $86.88. The stock’s fifty day moving average price is $57.31 and its 200 day moving average price is $63.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 106.71, a price-to-earnings-growth ratio of 2.63 and a beta of 2.56.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $423.58 million during the quarter, compared to analysts’ expectations of $414.81 million. Dutch Bros had a return on equity of 9.10% and a net margin of 4.04%.The firm’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. Dutch Bros has set its FY 2025 guidance at EPS. On average, research analysts expect that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,250,371 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total transaction of $81,486,678.07. Following the sale, the chairman directly owned 1,279,144 shares of the company’s stock, valued at approximately $83,361,814.48. This trade represents a 49.43% decrease in their position. The sale 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 482,750 shares of Dutch Bros stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total value of $31,460,817.50. Following the transaction, the insider owned 1,279,144 shares of the company’s stock, valued at $83,361,814.48. The trade was a 27.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Dutch Bros by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock valued at $10,714,000 after acquiring an additional 49,194 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Dutch Bros by 4.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 42,616 shares of the company’s stock worth $2,231,000 after purchasing an additional 1,686 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Dutch Bros by 47.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,069 shares of the company’s stock valued at $475,000 after purchasing an additional 2,904 shares in the last quarter. ING Groep NV increased its holdings in shares of Dutch Bros by 2.9% during the 3rd quarter. ING Groep NV now owns 430,400 shares of the company’s stock valued at $22,527,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Dutch Bros by 19.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,678 shares of the company’s stock valued at $559,000 after purchasing an additional 1,713 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

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.