Dutch Bros Inc. (NYSE:BROS) Receives $77.15 Average PT from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROSGet Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-two ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $77.15.

Several brokerages recently weighed in on BROS. Oppenheimer upped their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. Telsey Advisory Group upped their price objective on Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Royal Bank Of Canada cut their target price on Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Finally, Citigroup reissued a “buy” rating on shares of Dutch Bros in a report on Thursday, August 6th.

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Dutch Bros Price Performance

NYSE BROS opened at $49.88 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. Dutch Bros has a 12 month low of $44.58 and a 12 month high of $74.65. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 69.28, a PEG ratio of 1.78 and a beta of 2.32. The company’s 50 day moving average is $63.16 and its two-hundred day moving average is $56.86.

Dutch Bros (NYSE:BROSGet Free Report) last posted its quarterly 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 net margin of 4.91% and a return on equity of 10.01%. The company’s revenue was up 32.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. As a group, research analysts anticipate that Dutch Bros will post 0.87 earnings per share for the current year.

Insider Activity at Dutch Bros

In related news, Director Todd Allan Penegor bought 2,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $51.56 per share, with a total value of $103,120.00. Following the completion of the acquisition, the director owned 7,358 shares of the company’s stock, valued at $379,378.48. This represents a 37.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the transaction, the chairman owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 23.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 4,086,245 shares of company stock valued at $243,021,771. Corporate insiders own 38.90% of the company’s stock.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP lifted its position in shares of Dutch Bros by 15.1% in the fourth quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock worth $189,677,000 after buying an additional 407,528 shares in the last quarter. Wellington Management Group LLP grew 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. Invesco Ltd. grew its holdings in Dutch Bros by 4.0% during the 3rd quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after buying an additional 93,515 shares in the last quarter. Geode Capital Management LLC increased its stake in Dutch Bros by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock worth $138,699,000 after acquiring an additional 39,349 shares during the last quarter. Finally, State Street Corp increased its stake in Dutch Bros by 1.8% in the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock worth $123,671,000 after acquiring an additional 35,854 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Company Profile

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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.

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