Oppenheimer Cuts Dutch Bros (NYSE:BROS) Price Target to $66.00

Dutch Bros (NYSE:BROS) had its target price decreased by Oppenheimer from $82.00 to $66.00 in a research report report published on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the stock. Robert W. Baird upgraded shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, August 24th. Melius Research dropped their price target on Dutch Bros from $95.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, September 18th. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Citigroup restated a “buy” rating on shares of Dutch Bros in a research report on Thursday, August 6th. Finally, Seaport Research Partners started coverage on Dutch Bros in a research note on Wednesday, September 16th. They issued a “buy” rating and a $50.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.88.

Dutch Bros Trading Up 0.2%

Shares of BROS opened at $38.69 on Wednesday. The stock has a market capitalization of $6.76 billion, a PE ratio of 53.73, a P/E/G ratio of 1.37 and a beta of 2.31. The company’s fifty day moving average is $48.77 and its 200 day moving average is $54.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. Dutch Bros has a fifty-two week low of $37.40 and a fifty-two week high of $74.02.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The business had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. During the same quarter last year, the business earned $0.26 earnings per share. Dutch Bros’s quarterly revenue was up 32.5% compared to the same quarter last year. Sell-side analysts expect that Dutch Bros will post 0.88 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Todd Penegor bought 2,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $51.56 per share, for a total transaction of $103,120.00. Following the acquisition, the director owned 7,358 shares of the company’s stock, valued at $379,378.48. The trade was a 37.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 38.90% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP bought a new position in shares of Dutch Bros in the fourth quarter worth about $108,948,000. Norges Bank purchased a new position in Dutch Bros in the 4th quarter worth about $96,951,000. Interval Partners LP bought a new stake in Dutch Bros during the 4th quarter valued at about $57,276,000. Wellington Management Group LLP lifted its holdings in Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock valued at $221,956,000 after buying an additional 851,075 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in Dutch Bros in the 1st quarter valued at about $33,569,000. 85.54% of the stock is currently owned by institutional investors.

Trending Headlines about Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Baird maintains an “outperform” rating. Robert W. Baird reduced its price target from $82 to $60, but the new target still implies substantial upside from the stock’s recent level. The cut reflects more conservative expectations rather than a bearish rating change. Baird price-target update
• Positive Sentiment: Store expansion continues. Dutch Bros opened locations in West Des Moines and Corpus Christi, supporting the company’s national growth strategy and potentially increasing long-term sales and brand awareness. West Des Moines store opening Corpus Christi store opening
• Positive Sentiment: Management is pursuing new store formats. The company is testing walk-up-only locations in addition to its drive-through model, potentially broadening its customer base and improving access in denser areas. Dutch Bros walk-up locations
• Neutral Sentiment: Oppenheimer remains constructive but has lowered expectations. Its revised outlook highlights a wide gap between the current share price and its valuation view, but the reduction signals that analysts are becoming more cautious about near-term performance. Oppenheimer Dutch Bros outlook
• Negative Sentiment: Multiple analysts have issued more pessimistic forecasts. JPMorgan, Jefferies and Oppenheimer have lowered expectations or price targets, adding pressure to a stock already trading well below its 52-week high. JPMorgan forecast Jefferies forecast

About Dutch Bros

Dutch Bros Inc is a drive-thru beverage company that operates the Dutch Bros coffeehouse brand. The company serves a broad menu of handcrafted beverages, including specialty coffees, cold brews, teas, energy drinks, lemonades, smoothies and flavored sodas, along with a selection of snacks and other food items.

Dutch Bros was founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon. From its original pushcart operation, the company developed a drive-thru-focused model built around convenience, customized drinks and customer service.