Robert W. Baird Upgrades Dutch Bros (NYSE:BROS) to “Strong-Buy”

Dutch Bros (NYSE:BROS) was upgraded by analysts at Robert W. Baird to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. TD Cowen restated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th. Piper Sandler lifted their target price on shares of Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Telsey Advisory Group boosted their target price on shares of Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Oppenheimer increased their price target on Dutch Bros from $72.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average price target of $77.15.

Dutch Bros Trading Down 1.6%

Dutch Bros stock opened at $51.11 on Monday. Dutch Bros has a one year low of $44.58 and a one year high of $74.65. The business’s fifty day moving average is $62.56 and its 200 day moving average is $56.82. The stock has a market capitalization of $8.93 billion, a PE ratio of 70.98, a price-to-earnings-growth ratio of 1.85 and a beta of 2.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.Dutch Bros’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, sell-side analysts predict that Dutch Bros will post 0.87 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 750,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the transaction, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the sale, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. The trade was a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,351,718 shares of company stock worth $201,734,008. 38.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of BROS. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Dutch Bros in the second quarter valued at about $1,321,000. Carlson Financial Inc. grew its position in shares of Dutch Bros by 1.8% during the second quarter. Carlson Financial Inc. now owns 21,239 shares of the company’s stock worth $1,525,000 after purchasing an additional 385 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Dutch Bros by 7,083.4% during the second quarter. California State Teachers Retirement System now owns 10,560,379 shares of the company’s stock worth $758,341,000 after purchasing an additional 10,413,368 shares in the last quarter. Wedmont Private Capital raised its stake in Dutch Bros by 33.8% during the 2nd quarter. Wedmont Private Capital now owns 5,412 shares of the company’s stock valued at $366,000 after purchasing an additional 1,367 shares during the period. Finally, Nykredit A S bought a new stake in Dutch Bros during the 2nd quarter valued at approximately $203,000. 85.54% of the stock is owned by institutional investors.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.