Dutch Bros (NYSE:BROS) Earns “Outperform” Rating from William Blair

Dutch Bros (NYSE:BROS)‘s stock had its “outperform” rating reaffirmed by stock analysts at William Blair in a report issued on Tuesday,RTT News reports.

Other analysts have also recently issued reports about the company. TD Cowen boosted their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Wedbush lifted their price objective on Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Finally, UBS Group boosted their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the company a “buy” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.36.

Dutch Bros Stock Performance

Dutch Bros stock traded down $0.99 during trading hours on Tuesday, hitting $52.98. The stock had a trading volume of 2,426,701 shares, compared to its average volume of 2,791,742. The company has a market cap of $8.17 billion, a PE ratio of 182.62, a price-to-earnings-growth ratio of 3.89 and a beta of 2.72. 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 company has a 50-day moving average of $43.68 and a two-hundred day moving average of $38.66. Dutch Bros has a fifty-two week low of $25.46 and a fifty-two week high of $56.10.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. On average, equities research analysts anticipate that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the transaction, the insider now owns 9,817 shares of the company’s stock, valued at approximately $327,691.46. This represents a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the business’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 transaction of $1,283,589.72. Following the sale, the chairman now owns 15,610 shares of the company’s stock, valued at $522,622.80. This trade represents a 71.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,698 shares of company stock valued at $19,040,697 over the last ninety days. 46.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Dutch Bros during the 3rd quarter valued at $50,000. Virtu Financial LLC bought a new stake in shares of Dutch Bros during the third quarter valued at approximately $573,000. Geode Capital Management LLC lifted 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 worth $56,814,000 after buying an additional 397,754 shares in the last quarter. Bullseye Asset Management LLC grew its stake in Dutch Bros by 33.3% during the third 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 in the last quarter. Finally, M&T Bank Corp purchased a new position in Dutch Bros during the 3rd 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.