Dutch Bros Inc. (NYSE:BROS) Given Average Rating of “Moderate Buy” by Analysts

Dutch Bros Inc. (NYSE:BROS) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.73.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen reissued a “buy” rating and issued a $47.00 price objective on shares of Dutch Bros in a research report on Thursday, September 12th. Bank of America upped their target price on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Barclays lowered their target price on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Robert W. Baird cut their price target on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 18,223 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $34.13, for a total transaction of $621,950.99. Following the completion of the sale, the chairman now directly owns 263,954 shares of the company’s stock, valued at $9,008,750.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,128,885 shares of company stock worth $36,124,009. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Dutch Bros by 35.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock worth $211,604,000 after purchasing an additional 1,661,778 shares during the period. Marshall Wace LLP lifted its position in shares of Dutch Bros by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 3,962,374 shares of the company’s stock valued at $164,042,000 after buying an additional 527,716 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of Dutch Bros by 11.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,245,241 shares of the company’s stock worth $92,953,000 after acquiring an additional 222,650 shares during the period. Davidson Kempner Capital Management LP increased its holdings in Dutch Bros by 43.5% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,585,159 shares of the company’s stock worth $65,626,000 after acquiring an additional 480,153 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Dutch Bros in the 2nd quarter worth about $57,435,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Stock Up 0.9 %

Shares of NYSE BROS opened at $34.85 on Friday. The company has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $34.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $43.49. The firm has a market cap of $6.17 billion, a PE ratio of 193.61, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. On average, research analysts forecast that Dutch Bros will post 0.32 EPS for the current year.

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.