Brokers Issue Forecasts for Dutch Bros Inc.’s FY2024 Earnings (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS) – Analysts at Wedbush lifted their FY2024 earnings per share estimates for Dutch Bros in a report released on Monday, October 14th. Wedbush analyst N. Setyan now anticipates that the company will post earnings per share of $0.38 for the year, up from their prior estimate of $0.36. Wedbush currently has a “Outperform” rating and a $45.00 target price on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.32 per share. Wedbush also issued estimates for Dutch Bros’ FY2025 earnings at $0.49 EPS.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS.

Several other research firms have also commented on BROS. Robert W. Baird decreased their target price on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus decreased their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. TD Cowen restated a “buy” rating and set a $47.00 target price on shares of Dutch Bros in a research note on Thursday, September 12th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, August 15th. Finally, Barclays lowered their price target 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.20.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $34.20 on Tuesday. 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 fifty-two week low of $23.31 and a fifty-two week high of $43.49. The stock has a market capitalization of $6.06 billion, a PE ratio of 190.00, a P/E/G ratio of 2.55 and a beta of 2.49. The business has a fifty day moving average price of $32.31 and a two-hundred day moving average price of $34.65.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BROS. Transcendent Capital Group LLC bought a new stake in shares of Dutch Bros during the first quarter valued at approximately $26,000. Arcadia Investment Management Corp MI bought a new stake in Dutch Bros during the 2nd quarter valued at $27,000. Quest Partners LLC increased its stake in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares in the last quarter. Abound Wealth Management acquired a new position in Dutch Bros during the second quarter worth $39,000. Finally, Quarry LP bought a new position in shares of Dutch Bros in the second quarter valued at $43,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares of the company’s stock, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the transaction, the insider now owns 432,518 shares in the company, valued at $13,849,226.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock valued at $36,124,009 over the last quarter. Insiders own 46.50% of the company’s stock.

Dutch Bros Company Profile

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.