Dutch Bros (NYSE:BROS) Stock Price Target Lowered at TD Cowen

Dutch Bros (NYSE:BROS) had its price objective decreased by research analysts at TD Cowen from $59.00 to $55.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 25.39% from the company’s current price.

BROS has been the subject of several other research reports. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. Weiss Ratings raised Dutch Bros from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. UBS Group reiterated a “neutral” rating on shares of Dutch Bros in a research report on Thursday, September 10th. Seaport Research Partners started coverage on Dutch Bros in a research report on Wednesday, September 16th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Melius Research decreased their price objective on Dutch Bros from $95.00 to $70.00 and set a “buy” rating for the company in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.46.

Dutch Bros Price Performance

Shares of BROS opened at $43.86 on Wednesday. The company has a market cap of $7.66 billion, a P/E ratio of 61.23, a PEG ratio of 1.52 and a beta of 2.31. The stock has a fifty day moving average price of $43.74 and a 200 day moving average price of $54.13. 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 has a 12 month low of $36.51 and a 12 month high of $74.02.

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 the consensus estimate of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%. The firm had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. During the same period last year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, research analysts forecast that Dutch Bros will post 0.88 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In related news, Director Todd Penegor purchased 2,000 shares of Dutch Bros stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $51.56 per share, with a total value of $103,120.00. Following the purchase, the director owned 7,358 shares in the company, valued at approximately $379,378.48. The trade was a 37.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 38.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in Dutch Bros by 38.0% during the second quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after buying an additional 851,075 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new position in Dutch Bros in the first quarter worth approximately $33,569,000. Hyperion Asset Management Ltd grew its position in Dutch Bros by 104.4% in the third quarter. Hyperion Asset Management Ltd now owns 1,222,532 shares of the company’s stock worth $47,141,000 after buying an additional 624,488 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Dutch Bros by 33.4% in the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock valued at $91,939,000 after buying an additional 454,036 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Dutch Bros by 58.1% in the first quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock valued at $52,917,000 after buying an additional 384,011 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros News Roundup

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

• Positive Sentiment: Dutch Bros has produced same-store sales growth for 13 consecutive quarters and plans to open approximately 185 locations this year. Investors may view the sustained demand and expansion opportunity as support for the company’s long-term growth narrative. Dutch Bros Stock Is Down 33% While Its Same-Store Sales Keep Growing
• Positive Sentiment: The recent share-price decline has reduced Dutch Bros’ valuation to roughly 58 times earnings, making the stock more appealing to growth investors than it was at higher prices. The valuation remains elevated, but the improved entry point may be helping support the stock. Dutch Bros Trades at 58 Times Earnings
• Positive Sentiment: Plans for additional drive-thru locations in Tacoma and Hoover indicate that Dutch Bros continues to expand its national footprint, emphasizing convenient service and customer experience. Dutch Bros Coffee Tacoma Expansion Plan
• Neutral Sentiment: Attention is shifting toward the company’s upcoming earnings report on November 4. Investors will likely focus on same-store sales, new-store openings and whether management remains on track to meet its expansion target. Did Upcoming Earnings Just Shift Dutch Bros Stock Narrative?
• Neutral Sentiment: New charity-focused collectible plushies could strengthen customer engagement and brand loyalty, but the products are unlikely to have a material near-term effect on earnings because all profits are being donated. Dutch Bros Collectible Plushies
• Negative Sentiment: Despite strong comparable-store sales, investors remain concerned that Dutch Bros may struggle to open all 185 planned stores, potentially making the premium valuation harder to justify. A proposed Hoover drive-thru also faces objections from a rival coffee shop, highlighting possible local approval and competitive hurdles. Dutch Bros Hoover Drive-Thru Proposal

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.