Q3 Earnings Forecast for Dutch Bros Issued By William Blair

Dutch Bros Inc. (NYSE:BROS) – Research analysts at William Blair boosted their Q3 2024 earnings per share estimates for Dutch Bros in a report issued on Wednesday, October 23rd. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.09 for the quarter, up from their prior estimate of $0.07. The consensus estimate for Dutch Bros’ current full-year earnings is $0.32 per share.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data 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. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $324.92 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The business’s revenue was up 30.0% on a year-over-year basis.

A number of other brokerages have also recently issued reports on BROS. Stifel Nicolaus reduced their price objective on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research report on Thursday, August 8th. Robert W. Baird dropped their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. TD Cowen reiterated a “buy” rating and issued a $47.00 price target on shares of Dutch Bros in a research report on Thursday, September 12th. Finally, Barclays dropped their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Dutch Bros Trading Up 0.4 %

Shares of NYSE:BROS opened at $35.53 on Monday. Dutch Bros has a 12-month low of $23.31 and a 12-month high of $43.49. The stock has a market cap of $6.30 billion, a PE ratio of 197.39, a P/E/G ratio of 2.55 and a beta of 2.49. The business has a 50 day moving average of $32.82 and a 200-day moving average of $34.79. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82.

Institutional Trading of Dutch Bros

Several institutional investors have recently modified their holdings of the business. Hedges Asset Management LLC grew its stake in shares of Dutch Bros by 28.1% in the third quarter. Hedges Asset Management LLC now owns 11,400 shares of the company’s stock worth $365,000 after purchasing an additional 2,500 shares during the last quarter. Cherry Creek Investment Advisors Inc. grew its stake in shares of Dutch Bros by 8.4% in the third quarter. Cherry Creek Investment Advisors Inc. now owns 12,971 shares of the company’s stock worth $415,000 after purchasing an additional 1,009 shares during the last quarter. Private Advisor Group LLC boosted its position in Dutch Bros by 269.1% during the third quarter. Private Advisor Group LLC now owns 24,924 shares of the company’s stock valued at $798,000 after acquiring an additional 18,171 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Dutch Bros by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 867,653 shares of the company’s stock valued at $27,791,000 after acquiring an additional 30,437 shares during the last quarter. Finally, Inspire Advisors LLC boosted its position in Dutch Bros by 45.5% during the third quarter. Inspire Advisors LLC now owns 23,433 shares of the company’s stock valued at $751,000 after acquiring an additional 7,331 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the business’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 transaction, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other 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 completion of the transaction, the chairman now directly owns 467,228 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the business’s stock in a transaction 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 in the company, valued at approximately $14,764,404.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,128,885 shares of company stock worth $36,124,009 over the last three months. Corporate insiders own 46.50% 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.