Dutch Bros Inc. (BROS) – What Are Analysts Thinking About This Stock?

Dutch Bros Inc. (NYSE:BROS) has been assigned an average recommendation of “Moderate Buy” from the twenty-six analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $71.88.

BROS has been the subject of a number of analyst reports. DA Davidson decreased their price objective on shares of Dutch Bros from $85.00 to $60.00 and set a “buy” rating for the company in a report on Monday, September 28th. JPMorgan Chase & Co. lowered their target price on shares of Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Morgan Stanley increased their target price on shares of Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Piper Sandler lifted their price target on shares of Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Finally, Citigroup reissued a “buy” rating on shares of Dutch Bros in a report on Thursday, August 6th.

Dutch Bros Price Performance

Dutch Bros stock opened at $39.09 on Friday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 54.26, a PEG ratio of 1.34 and a beta of 2.31. Dutch Bros has a 1 year low of $36.51 and a 1 year high of $74.02. The business has a 50-day moving average of $44.50 and a 200-day moving average of $54.32. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The company had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%. Dutch Bros’s revenue was up 32.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. On average, equities analysts anticipate that Dutch Bros will post 0.88 EPS for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, Director Todd Penegor acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $51.56 per share, with a total value of $103,120.00. Following the purchase, the director owned 7,358 shares of the company’s stock, valued at $379,378.48. This represents a 37.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 38.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GK Wealth Management LLC acquired a new stake in shares of Dutch Bros during the third quarter worth about $56,000. Wedmont Private Capital grew its position in shares of Dutch Bros by 79.0% in the 3rd quarter. Wedmont Private Capital now owns 9,690 shares of the company’s stock valued at $385,000 after purchasing an additional 4,278 shares during the period. Gradient Investments LLC grew its position in shares of Dutch Bros by 12.7% in the 3rd quarter. Gradient Investments LLC now owns 15,357 shares of the company’s stock valued at $592,000 after purchasing an additional 1,727 shares during the period. NorthRock Partners LLC acquired a new position in shares of Dutch Bros in the 2nd quarter valued at approximately $256,000. Finally, Integrated Wealth Concepts LLC increased its stake in Dutch Bros by 16.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,004 shares of the company’s stock worth $790,000 after purchasing an additional 1,525 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates the Dutch Bros coffeehouse brand. The company serves a broad menu of handcrafted beverages, including specialty coffees, cold brews, teas, energy drinks, lemonades, smoothies and flavored sodas, along with a selection of snacks and other food items.

Dutch Bros was founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon. From its original pushcart operation, the company developed a drive-thru-focused model built around convenience, customized drinks and customer service.