Dutch Bros (NYSE:BROS) Upgraded at Robert W. Baird

Dutch Bros (NYSE:BROS) was upgraded by equities researchers at Robert W. Baird to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages have also commented on BROS. Citigroup restated a “buy” rating on shares of Dutch Bros in a research note on Thursday, August 6th. KeyCorp lifted their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a report on Wednesday, July 1st. Royal Bank Of Canada lowered their target price on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Finally, Barclays cut their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.15.

Dutch Bros Stock Down 1.6%

Shares of Dutch Bros stock opened at $51.11 on Monday. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 70.98, a P/E/G ratio of 1.85 and a beta of 2.32. The stock has a 50-day simple moving average of $62.56 and a 200-day simple moving average of $56.82. Dutch Bros has a 52-week low of $44.58 and a 52-week high of $74.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $550.85 million for the quarter, compared to the consensus estimate of $525.38 million. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The firm’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, equities research analysts expect that Dutch Bros will post 0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 9.77% decrease in their position. 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. Insiders sold a total of 3,351,718 shares of company stock worth $201,734,008 over the last quarter. 38.90% of the stock is currently owned by company insiders.

Institutional Trading of Dutch Bros

Several hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its stake in Dutch Bros by 0.4% in the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after purchasing an additional 211 shares during the period. AdvisorShares Investments LLC raised its position in Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after buying an additional 212 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Dutch Bros by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after acquiring an additional 221 shares in the last quarter. Lazard Asset Management LLC boosted its position in Dutch Bros by 6.5% during 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 last quarter. Finally, Quarry LP boosted its position in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after acquiring an additional 273 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

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.