Dutch Bros Inc. (NYSE:BROS) Receives $77.33 Consensus Target Price from Analysts

Shares of Dutch Bros Inc. (NYSE:BROS) have earned a consensus rating of “Moderate Buy” from the twenty-four analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $77.3333.

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. KeyCorp lifted their target price on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating and issued a $87.00 price target on shares of Dutch Bros in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Finally, BNP Paribas Exane initiated coverage on shares of Dutch Bros in a research note on Monday, March 30th. They issued an “outperform” rating and a $73.00 price objective on the stock.

Insider Transactions at Dutch Bros

In other Dutch Bros news, CEO Christine Barone sold 42,031 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the completion of the sale, the chief executive officer directly owned 44,573 shares of the company’s stock, valued at approximately $2,680,174.49. This trade represents a 48.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the transaction, the chairman owned 2,410,800 shares in the company, valued at $151,928,616. This trade represents a 23.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,086,245 shares of company stock worth $243,021,771. Company insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several large investors have recently modified their holdings of BROS. D.A. Davidson & CO. grew its position in Dutch Bros by 0.4% in the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after buying an additional 211 shares during the last quarter. AdvisorShares Investments LLC raised its position in Dutch Bros by 7.2% during the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock worth $194,000 after buying an additional 212 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Dutch Bros by 9.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock worth $151,000 after buying an additional 221 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Dutch Bros by 7.5% in the 3rd quarter. Allworth Financial LP now owns 3,312 shares of the company’s stock worth $173,000 after acquiring an additional 232 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Dutch Bros by 6.5% in the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock worth $232,000 after acquiring an additional 270 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Down 1.9%

BROS opened at $65.00 on Thursday. The business’s 50-day simple moving average is $60.32 and its 200-day simple moving average is $57.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. Dutch Bros has a one year low of $44.58 and a one year high of $74.65. The stock has a market capitalization of $11.35 billion, a P/E ratio of 101.57, a price-to-earnings-growth ratio of 2.14 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $464.41 million during the quarter, compared to analysts’ expectations of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. Analysts anticipate that Dutch Bros will post 0.84 EPS for the current year.

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.