Dutch Bros Inc. (NYSE:BROS) Receives $58.00 Consensus PT from Analysts

Dutch Bros Inc. (NYSE:BROS) has earned a consensus rating of “Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $60.09.

BROS has been the subject of a number of research analyst reports. TD Cowen lifted their price target on shares of Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Dutch Bros from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price objective on shares of Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Stifel Nicolaus lifted their price objective on shares of Dutch Bros from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Bank of America lifted their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Monday.

Insider Transactions at Dutch Bros

In related news, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now owns 15,610 shares in the company, valued at $522,622.80. This represents a 71.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction dated 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 of the company’s stock, valued at $327,691.46. This represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 439,655 shares of company stock worth $14,679,518. Insiders own 46.50% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently bought and sold shares of BROS. Baillie Gifford & Co. bought a new position in Dutch Bros in the 3rd quarter valued at about $224,461,000. Wasatch Advisors LP grew its position in Dutch Bros by 232.1% in the 3rd quarter. Wasatch Advisors LP now owns 4,128,281 shares of the company’s stock valued at $132,229,000 after buying an additional 2,885,306 shares in the last quarter. Wellington Management Group LLP grew its position in Dutch Bros by 135.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,983,368 shares of the company’s stock valued at $63,527,000 after buying an additional 1,141,913 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Dutch Bros by 58.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,020,447 shares of the company’s stock valued at $64,715,000 after acquiring an additional 741,771 shares during the last quarter. Finally, Joho Capital LLC lifted its holdings in Dutch Bros by 40.7% in the 3rd quarter. Joho Capital LLC now owns 1,919,514 shares of the company’s stock valued at $61,482,000 after acquiring an additional 555,000 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 1.4 %

Shares of NYSE:BROS opened at $59.37 on Thursday. 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 fifty day simple moving average of $55.02 and a 200 day simple moving average of $42.20. The firm has a market cap of $9.15 billion, a PE ratio of 204.73, a price-to-earnings-growth ratio of 3.34 and a beta of 2.71. 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 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. The business had revenue of $338.20 million during the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, equities research analysts anticipate that Dutch Bros will post 0.39 EPS for the current fiscal year.

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.