Dutch Bros Inc. (NYSE:BROS) Receives $76.45 Consensus Price Target from Brokerages

Dutch Bros Inc. (NYSE:BROSGet Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $76.45.

Several research firms have recently issued reports on BROS. Morgan Stanley boosted their price objective 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. UBS Group reiterated a “neutral” rating on shares of Dutch Bros in a research note on Thursday, September 10th. DA Davidson cut their price target on Dutch Bros from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Piper Sandler raised their price objective on Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, June 22nd. Finally, Seaport Research Partners assumed coverage on Dutch Bros in a research note on Wednesday. They issued a “buy” rating and a $50.00 target price for the company.

Get Our Latest Research Report on Dutch Bros

Insiders Place Their Bets

In other Dutch Bros news, Director Todd Penegor purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $51.56 per share, for a total transaction of $103,120.00. Following the completion of the purchase, the director directly owned 7,358 shares of the company’s stock, valued at approximately $379,378.48. This represents a 37.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 38.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently made changes to their positions in BROS. D.A. Davidson & CO. lifted its holdings in shares of Dutch Bros by 0.4% during the 1st quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after purchasing an additional 211 shares in the last quarter. AdvisorShares Investments LLC lifted its stake 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 buying an additional 212 shares in the last quarter. Arizona State Retirement System lifted its stake in Dutch Bros by 0.7% in the second quarter. Arizona State Retirement System now owns 35,124 shares of the company’s stock valued at $2,522,000 after buying an additional 238 shares in the last quarter. Nemes Rush Group LLC boosted its holdings in shares of Dutch Bros by 25.9% in the fourth quarter. Nemes Rush Group LLC now owns 1,360 shares of the company’s stock valued at $83,000 after buying an additional 280 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of Dutch Bros by 63.8% in the first quarter. Brown Lisle Cummings Inc. now owns 819 shares of the company’s stock valued at $41,000 after buying an additional 319 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Trending Headlines about Dutch Bros

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Dutch Bros Stock Performance

Shares of NYSE BROS opened at $40.19 on Tuesday. Dutch Bros has a 12 month low of $40.11 and a 12 month high of $74.02. The company has a market cap of $7.02 billion, a P/E ratio of 55.82, a P/E/G ratio of 1.48 and a beta of 2.28. The business’s 50 day moving average is $54.70 and its two-hundred day moving average is $56.03. 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 (NYSE:BROSGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. During the same period in the prior year, the business earned $0.26 earnings per share. Dutch Bros’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, equities analysts expect that Dutch Bros will post 0.87 EPS for the current year.

Dutch Bros Company Profile

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Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.

Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.

The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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