Dutch Bros Inc. (NYSE:BROS) Receives Consensus Rating of “Buy” from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have received an average recommendation of “Buy” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $58.00.

A number of brokerages have commented on BROS. Stifel Nicolaus upped their target price on shares of Dutch Bros from $53.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 10th. Robert W. Baird upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $60.00 to $70.00 in a research note on Monday, January 6th. UBS Group lifted their target price on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Baird R W upgraded Dutch Bros from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Piper Sandler lifted their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, November 11th.

Dutch Bros Trading Up 0.2 %

NYSE:BROS opened at $60.15 on Thursday. The company has a market cap of $9.27 billion, a PE ratio of 207.43, a price-to-earnings-growth ratio of 3.30 and a beta of 2.71. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. The company has a 50 day simple moving average of $54.24 and a two-hundred day simple moving average of $41.78. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $61.33.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $324.97 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. Dutch Bros’s revenue was up 27.9% compared to the same quarter last year. Research analysts forecast that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $1,452,837.69. Following the completion of the transaction, the insider now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 24.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 80,720 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $2,908,341.60. Following the completion of the sale, the chairman now directly owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 39.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 560,698 shares of company stock valued at $19,040,697. 46.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jamison Private Wealth Management Inc. increased its position in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the last quarter. Hollencrest Capital Management lifted its position in Dutch Bros by 52.3% in the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock worth $29,000 after buying an additional 314 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Dutch Bros during the third quarter worth $36,000. nVerses Capital LLC bought a new position in Dutch Bros during the third quarter valued at $38,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros in the fourth quarter valued at $41,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

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.