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

Dutch Bros Inc. (NYSE:BROS) has earned an average rating of “Buy” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $60.09.

A number of analysts recently issued reports on BROS shares. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. UBS Group lifted their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Piper Sandler increased their target price on Dutch Bros from $36.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Jefferies Financial Group lifted their price target on Dutch Bros from $60.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Baird R W upgraded shares of Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th.

Dutch Bros Stock Performance

Dutch Bros stock opened at $59.37 on Thursday. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $61.33. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 204.73, a PEG ratio of 3.34 and a beta of 2.71. The stock has a fifty day moving average of $55.02 and a two-hundred day moving average of $42.20. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping 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 firm had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter last year, the business posted $0.08 EPS. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, analysts anticipate that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Activity at Dutch Bros

In related news, Chairman Travis Boersma sold 38,339 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total value of $1,283,589.72. Following the transaction, the chairman now owns 15,610 shares in the company, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $33.38, for a total transaction of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares in the company, valued at $327,691.46. The trade was a 92.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 439,655 shares of company stock worth $14,679,518. Company insiders own 46.50% of the company’s stock.

Institutional Trading of Dutch Bros

Hedge funds have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $25,000. Fortitude Family Office LLC purchased a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $41,000. Jamison Private Wealth Management Inc. raised its stake in shares of Dutch Bros by 150.2% during the third 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 period. Hollencrest Capital Management raised its stake in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares during the period. Finally, Quarry LP purchased a new stake in shares of Dutch Bros during the second quarter valued at approximately $43,000. 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.