Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $77.15

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $77.15.

Several research analysts have commented on the company. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. KeyCorp increased their target price on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dutch Bros in a research note on Friday, July 17th. Stephens reiterated an “overweight” rating and set a $80.00 target price on shares of Dutch Bros in a report on Thursday, August 6th. Finally, Telsey Advisory Group boosted their price target on Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st.

Insider Activity

In related news, Chairman Travis Boersma sold 750,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the completion of the sale, the chairman directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Christine Barone sold 42,031 shares of Dutch Bros stock in a transaction 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 sale, the chief executive officer directly owned 44,573 shares in the company, valued at $2,680,174.49. This trade represents a 48.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 2,667,130 shares of company stock valued at $162,426,535. 38.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position in shares of Dutch Bros by 0.4% during the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock worth $2,890,000 after acquiring an additional 211 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in Dutch Bros by 7.2% in the fourth quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after purchasing an additional 212 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Dutch Bros by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after purchasing an additional 221 shares during the last quarter. Lazard Asset Management LLC grew its stake in Dutch Bros by 6.5% during the 3rd quarter. Lazard Asset Management LLC now owns 4,434 shares of the company’s stock valued at $232,000 after purchasing an additional 270 shares in the last quarter. Finally, Quarry LP grew its stake in Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Price Performance

BROS stock opened at $50.84 on Friday. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 70.61, a price-to-earnings-growth ratio of 1.83 and a beta of 2.32. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. Dutch Bros has a 52-week low of $44.58 and a 52-week high of $74.31. The stock’s fifty day simple moving average is $61.88 and its 200-day simple moving average is $56.77.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm had revenue of $550.85 million during the quarter, compared to the consensus estimate of $525.38 million. During the same period in the previous year, the firm earned $0.26 earnings per share. Dutch Bros’s revenue was up 32.5% compared to the same quarter last year. Equities research analysts expect that Dutch Bros will post 0.87 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.