Dutch Bros Inc. (NYSE:BROS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a bullish outlook: Dutch Bros has an average “Moderate Buy” rating from 23 analysts, including 17 buys and two strong buys. The average 12-month price target is $76.45.
• Recent analyst targets were mixed: TD Cowen and RBC lowered their price targets, while Telsey Advisory Group and Morgan Stanley raised theirs; ratings remained positive, including buy, outperform, and overweight recommendations.
• Quarterly results exceeded expectations: Dutch Bros reported adjusted EPS of $0.33 versus the $0.29 consensus and revenue of $550.85 million, up 32.5% year over year and above estimates. Institutional investors own 85.54% of the company, while insiders own 38.90%.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-three analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating 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.

A number of research firms recently issued reports on BROS. TD Cowen decreased their target price on Dutch Bros from $73.00 to $59.00 and set a "buy" rating for the company in a report on Friday. Royal Bank Of Canada cut their price target on Dutch Bros from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Telsey Advisory Group increased their price target on Dutch Bros from $66.00 to $74.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Morgan Stanley lifted their price objective on Dutch Bros from $87.00 to $88.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Finally, DA Davidson lowered their price objective on Dutch Bros from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, August 6th.

Insider Transactions at Dutch Bros

In other news, Director Todd Penegor purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was bought 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 $379,378.48. The trade was a 37.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 38.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently modified their holdings of BROS. Ancora Advisors LLC purchased a new stake in Dutch Bros in the 2nd quarter valued at $29,000. Brown Lisle Cummings Inc. grew its position in Dutch Bros by 63.8% during the 1st quarter. Brown Lisle Cummings Inc. now owns 819 shares of the company's stock worth $41,000 after purchasing an additional 319 shares during the last quarter. Glen Eagle Advisors LLC purchased a new position in Dutch Bros during the 4th quarter worth $74,000. Nemes Rush Group LLC increased its stake in 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 purchasing an additional 280 shares during the period. Finally, Clearstead Advisors LLC increased its stake in Dutch Bros by 35,275.0% in the fourth quarter. Clearstead Advisors LLC now owns 1,415 shares of the company's stock valued at $87,000 after purchasing an additional 1,411 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Trading Up 0.4%

NYSE BROS opened at $44.07 on Tuesday. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 1.57 and a beta of 2.28. Dutch Bros has a one year low of $43.15 and a one year high of $74.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35. The firm has a 50 day simple moving average of $56.17 and a 200-day simple moving average of $56.27.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company had revenue of $550.85 million during the quarter, compared to analysts' expectations of $525.38 million. During the same quarter last year, the company posted $0.26 EPS. The firm's revenue was up 32.5% compared to the same quarter last year. Equities research analysts anticipate that Dutch Bros will post 0.87 EPS for the current fiscal year.

About Dutch Bros

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.