Dutch Bros (NYSE:BROS) Now Covered by Analysts at Stifel Nicolaus

Key Points

• Stifel Nicolaus initiated coverage of Dutch Bros with a Buy rating and a $48 price target, implying about 34% upside from the stock’s then-current price.
• Analyst sentiment is broadly positive: Dutch Bros has a consensus “Moderate Buy” rating and an average price target of $61.08, though several firms recently lowered their targets.
• The company reported quarterly EPS of $0.25, topping estimates, while revenue rose 29.8% year over year to $549.84 million. Shares were trading at $35.73, near their one-year low of $33.17.

Investment analysts at Stifel Nicolaus assumed coverage on shares of Dutch Bros (NYSE:BROS - Get Free Report) in a research note issued to investors on Monday. The brokerage set a "buy" rating and a $48.00 price target on the stock. Stifel Nicolaus's price objective would suggest a potential upside of 34.33% from the company's current price.

A number of other analysts have also recently issued reports on BROS. 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 report on Thursday. 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 note on Thursday. Robert W. Baird reduced their target price on Dutch Bros from $82.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, October 2nd. Seaport Research Partners initiated coverage on Dutch Bros in a research report on Wednesday, September 16th. They issued a "buy" rating and a $50.00 target price for the company. Finally, DA Davidson decreased their price target on shares of Dutch Bros from $85.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, September 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.08.

Dutch Bros Stock Performance

Shares of BROS traded up $1.96 during trading hours on Monday, reaching $35.73. 762,090 shares of the company traded hands, compared to its average volume of 4,370,612. The stock's fifty day moving average is $41.44 and its 200 day moving average is $52.88. The stock has a market cap of $6.24 billion, a P/E ratio of 45.53, a price-to-earnings-growth ratio of 1.05 and a beta of 1.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.03. Dutch Bros has a 1-year low of $33.17 and a 1-year high of $74.02.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Dutch Bros had a net margin of 5.08% and a return on equity of 10.46%. The business had revenue of $549.84 million during the quarter, compared to analysts' expectations of $548.27 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm's revenue was up 29.8% on a year-over-year basis. Equities research analysts anticipate that Dutch Bros will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the firm's stock in a transaction dated Wednesday, November 4th. The shares were 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 owned 1,366,580 shares in the company, valued at $61,127,123.40. This trade represents a 20.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 1,032,216 shares of Dutch Bros stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $46,171,021.68. Following the sale, the chairman directly owned 1,366,580 shares in the company, valued at $61,127,123.40. The trade was a 43.03% decrease in their ownership of the stock. 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 90 days, insiders have sold 4,044,220 shares of company stock valued at $179,732,644. Corporate insiders own 38.90% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the stock. Danica Pension Livsforsikringsaktieselskab raised its stake in shares of Dutch Bros by 23.1% in the third quarter. Danica Pension Livsforsikringsaktieselskab now owns 761,518 shares of the company's stock valued at $29,364,000 after acquiring an additional 143,002 shares during the last quarter. Lido Advisors LLC bought a new stake in Dutch Bros during the 3rd quarter worth approximately $803,000. D.B. Root & Company LLC grew its position in Dutch Bros by 43.7% during the 3rd quarter. D.B. Root & Company LLC now owns 12,053 shares of the company's stock worth $465,000 after acquiring an additional 3,666 shares during the last quarter. New York Life Investment Management LLC bought a new stake in Dutch Bros during the 3rd quarter worth approximately $751,000. Finally, AlphaCore Capital LLC grew its position in Dutch Bros by 48.1% during the 3rd quarter. AlphaCore Capital LLC now owns 16,419 shares of the company's stock worth $633,000 after acquiring an additional 5,331 shares during the last quarter. Institutional investors own 85.54% of the company's stock.

About Dutch Bros

Dutch Bros Inc is a drive-through beverage company that operates the Dutch Bros coffee shop brand. Founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma, the company began as a small coffee pushcart and has grown into a multistate U.S. chain.

Dutch Bros has expanded from its roots in the western United States into additional regions across the country.

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