Dutch Bros (NYSE:BROS) Now Covered by DA Davidson

DA Davidson began coverage on shares of Dutch Bros (NYSE:BROS) in a report released on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $67.00 target price on the stock.

A number of other brokerages also recently issued reports on BROS. TD Cowen reaffirmed a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a report on Friday, February 13th. Mizuho raised their price objective on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Sanford C. Bernstein restated an “overweight” rating and set a $76.00 price target on shares of Dutch Bros in a research note on Wednesday, January 7th. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. Finally, UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.71.

Dutch Bros Trading Down 5.6%

Shares of NYSE BROS traded down $3.07 during trading on Friday, hitting $51.44. 4,854,158 shares of the company were exchanged, compared to its average volume of 6,072,213. The company has a fifty day moving average price of $56.92 and a 200-day moving average price of $58.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. The firm has a market capitalization of $8.46 billion, a PE ratio of 80.38, a P/E/G ratio of 1.95 and a beta of 2.54. Dutch Bros has a 12-month low of $46.52 and a 12-month high of $77.88.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The firm had revenue of $443.61 million for the quarter, compared to analyst estimates of $424.44 million. During the same period in the previous year, the firm earned $0.07 EPS. Dutch Bros’s revenue was up 29.4% on a year-over-year basis. As a group, equities research analysts expect that Dutch Bros will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Dutch Bros

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Dutch Bros during the first quarter worth approximately $318,000. Empowered Funds LLC grew its holdings in Dutch Bros by 15.9% during the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after acquiring an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Dutch Bros by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock worth $18,875,000 after purchasing an additional 22,323 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Dutch Bros by 33.6% in the second quarter. Amalgamated Bank now owns 8,524 shares of the company’s stock valued at $583,000 after buying an additional 2,143 shares in the last quarter. Finally, Sigma Planning Corp raised its position in shares of Dutch Bros by 19.0% during the second quarter. Sigma Planning Corp now owns 6,641 shares of the company’s stock worth $454,000 after purchasing an additional 1,061 shares during the period. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.