Dutch Bros (NYSE:BROS) Stock Price Target Cut by Royal Bank Of Canada

Dutch Bros (NYSE:BROS) had its price objective cut by equities research analysts at Royal Bank Of Canada from $46.00 to $38.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s target price points to a potential upside of 10.20% from the company’s previous close.

Several other equities research analysts have also recently issued reports on BROS. Weiss Ratings cut Dutch Bros from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Oppenheimer lowered their price objective on Dutch Bros from $66.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Stephens cut their target price on Dutch Bros from $65.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Telsey Advisory Group set a $56.00 target price on Dutch Bros in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.83.

Dutch Bros Stock Performance

Dutch Bros stock traded down $9.51 during midday trading on Thursday, hitting $34.48. The company’s stock had a trading volume of 9,461,419 shares, compared to its average volume of 4,352,633. Dutch Bros has a 1-year low of $33.98 and a 1-year high of $74.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. The company has a 50-day moving average price of $42.11 and a two-hundred day moving average price of $53.16. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 1.36 and a beta of 1.97.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The firm had revenue of $549.84 million for the quarter, compared to analyst estimates of $548.27 million. During the same quarter in the prior year, the business posted $0.19 EPS. The business’s revenue was up 29.8% compared to the same quarter last year. As a group, sell-side analysts predict that Dutch Bros will post 0.88 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,032,216 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the completion of the transaction, the chairman owned 1,366,580 shares of the company’s stock, valued at approximately $61,127,123.40. The trade was a 43.03% decrease in their ownership of the stock. The sale 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, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the completion of the transaction, the insider directly owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This trade represents a 20.82% 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. Over the last 90 days, insiders have sold 4,044,220 shares of company stock valued at $179,732,644. 38.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently made changes to their positions in BROS. D.A. Davidson & CO. lifted 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 valued at $2,890,000 after purchasing an additional 211 shares during the last quarter. Arizona State Retirement System increased its holdings in Dutch Bros by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 35,124 shares of the company’s stock worth $2,522,000 after purchasing an additional 238 shares in the last quarter. GAMMA Investing LLC increased its holdings in Dutch Bros by 12.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,927 shares of the company’s stock worth $210,000 after purchasing an additional 329 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in Dutch Bros by 4.7% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 7,791 shares of the company’s stock valued at $395,000 after purchasing an additional 347 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Dutch Bros by 1.9% in the third quarter. Parallel Advisors LLC now owns 20,080 shares of the company’s stock valued at $774,000 after purchasing an additional 377 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Key Dutch Bros News

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Q3 revenue increased about 30% year over year to $549.8 million, slightly above estimates, while EPS of $0.25 topped the $0.24 consensus. Dutch Bros also plans approximately 250 system-shop openings in 2027. Dutch Bros: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Oppenheimer, BNP Paribas Exane, KeyCorp, Stephens and TD Cowen lowered their price targets following results, but retained positive ratings such as Outperform, Overweight or Buy. The target cuts reflect reduced expectations, while the continued ratings suggest analysts still see potential upside. Dutch Bros Analysts Cut Their Forecasts After Q3 Results
• Negative Sentiment: Q3 traffic growth slowed, and Dutch Bros narrowed its full-year sales outlook, which coverage described as below Wall Street expectations. That outlook disappointment appears to have driven the selloff despite the quarterly beat. Dutch Bros Q3 traffic slows, trims full-year outlook below street view
• Negative Sentiment: Chairman Travis Boersma and an associated major shareholder disclosed sizeable share sales. The transactions were made under pre-arranged Rule 10b5-1 plans, but may still add to investor concerns amid the post-earnings decline. Dutch Bros insider trades

About Dutch Bros

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.