Dutch Bros Inc. (NYSE:BROS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $47.30.

Several equities research analysts have weighed in on the company. Wedbush upped their target price on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on Dutch Bros from $42.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Guggenheim upgraded Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. UBS Group upped their target price on Dutch Bros from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Barclays boosted their price target on Dutch Bros from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th.

Dutch Bros Price Performance

BROS opened at $54.38 on Wednesday. The business has a fifty day moving average of $39.88 and a 200 day moving average of $37.53. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $55.10. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. The stock has a market cap of $8.38 billion, a P/E ratio of 187.52, a PEG ratio of 4.01 and a beta of 2.72.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter in the previous year, the business earned $0.08 EPS. Dutch Bros’s revenue was up 27.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 3,600 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $115,200.00. Following the sale, the chairman now owns 430,718 shares in the company, valued at $13,782,976. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the sale, the insider now owns 712,819 shares in the company, valued at $22,810,208. The trade was a 0.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,065,467 shares of company stock valued at $35,434,372 in the last ninety days. Corporate insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in Dutch Bros during the third quarter worth approximately $50,000. Virtu Financial LLC acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $573,000. Geode Capital Management LLC increased its holdings in shares of Dutch Bros by 28.9% in the third quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock valued at $56,814,000 after purchasing an additional 397,754 shares during the last quarter. Bullseye Asset Management LLC increased its holdings in shares of Dutch Bros by 33.3% in the third quarter. Bullseye Asset Management LLC now owns 8,000 shares of the company’s stock valued at $256,000 after purchasing an additional 2,000 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Dutch Bros in the third quarter valued at approximately $436,000. Hedge funds and other institutional investors 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.