Dutch Bros (NYSE:BROS) Rating Reiterated by Wedbush

Dutch Bros (NYSE:BROS)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research note issued on Monday, Benzinga reports. They currently have a $45.00 price objective on the stock. Wedbush’s price target points to a potential upside of 31.58% from the company’s current price. Wedbush also issued estimates for Dutch Bros’ FY2024 earnings at $0.38 EPS and FY2025 earnings at $0.49 EPS.

BROS has been the topic of several other reports. Barclays reduced their target price on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Stifel Nicolaus dropped their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. TD Cowen reaffirmed a “buy” rating and set a $47.00 price target on shares of Dutch Bros in a research note on Thursday, September 12th. Finally, Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.20.

Dutch Bros Price Performance

NYSE:BROS opened at $34.20 on Monday. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 190.00, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. Dutch Bros has a 12-month low of $23.31 and a 12-month high of $43.49. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average is $32.31 and its two-hundred day moving average is $34.65.

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%. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. Research analysts expect that Dutch Bros will post 0.32 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction on 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 approximately $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of the firm’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 directly owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,128,885 shares of company stock valued at $36,124,009 over the last three months. 46.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new position in shares of Dutch Bros in the 1st quarter valued at approximately $26,000. Arcadia Investment Management Corp MI acquired a new stake in Dutch Bros in the second quarter valued at $27,000. Quest Partners LLC boosted 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 acquiring an additional 764 shares during the last quarter. Abound Wealth Management acquired a new position in Dutch Bros during the 2nd quarter worth $39,000. Finally, Quarry LP bought a new stake in shares of Dutch Bros in the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

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.