Dutch Bros Inc. (NYSE:BROS) Given Average Rating of “Moderate Buy” by Analysts

Dutch Bros Inc. (NYSE:BROS) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $49.40.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $44.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays lifted their price objective on Dutch Bros from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Piper Sandler lifted their price objective on Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Dutch Bros Stock Performance

NYSE BROS opened at $52.01 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.90 and a debt-to-equity ratio of 0.79. Dutch Bros has a 52-week low of $25.46 and a 52-week high of $56.10. The business’s 50-day moving average price is $42.02 and its 200 day moving average price is $38.17. The firm has a market cap of $8.02 billion, a P/E ratio of 179.34, a P/E/G ratio of 4.06 and a beta of 2.72.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (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 for the quarter, compared to analyst estimates of $324.97 million. During the same quarter last year, the company posted $0.08 earnings per share. The business’s revenue was up 27.9% on a year-over-year basis. On average, equities research analysts expect that Dutch Bros will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Travis Boersma sold 9,610 shares of Dutch Bros stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $34.01, for a total transaction of $326,836.10. Following the completion of the transaction, the chairman now directly owns 317,167 shares in the company, valued at $10,786,849.67. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of Dutch Bros stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 593,131 shares of company stock worth $20,145,930 in the last ninety days. Insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in Dutch Bros in the 3rd quarter valued at $50,000. Virtu Financial LLC acquired a new position in Dutch Bros in the 3rd quarter valued at $573,000. Geode Capital Management LLC raised its holdings in Dutch Bros by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,773,271 shares of the company’s stock valued at $56,814,000 after acquiring an additional 397,754 shares during the last quarter. Bullseye Asset Management LLC raised its holdings in Dutch Bros by 33.3% in the 3rd quarter. Bullseye Asset Management LLC now owns 8,000 shares of the company’s stock valued at $256,000 after acquiring an additional 2,000 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in Dutch Bros in the 3rd quarter valued at $436,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.