DA Davidson Begins Coverage on Dutch Bros (NYSE:BROS)

Key Points

• DA Davidson initiated coverage with a "buy" rating on Dutch Bros (BROS), marking a new analyst endorsement for the stock.
• Analyst sentiment is broadly positive—one Strong Buy, 19 Buy and 3 Hold ratings—giving Dutch Bros an average price target of $77.20.
• Dutch Bros recently beat expectations with Q results of $0.17 EPS vs. $0.10 expected and $443.6M revenue vs. $424.4M, while the shares trade around $54.61 with a market cap near $9.0B and a P/E of 85.33.

Research analysts at DA Davidson initiated coverage on shares of Dutch Bros (NYSE:BROS - Get Free Report) in a note issued to investors on Friday,Benzinga reports. The firm set a "buy" rating on the stock.

Other equities research analysts have also issued reports about the stock. Barclays lifted their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the company an "overweight" rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Dutch Bros in a research report on Wednesday, January 21st. Mizuho increased their target price on Dutch Bros from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, December 4th. Royal Bank Of Canada restated an "outperform" rating and set a $75.00 price target on shares of Dutch Bros in a research report on Friday, February 13th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $85.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $77.20.

Dutch Bros Trading Up 3.6%

Dutch Bros stock opened at $54.61 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 1.49. Dutch Bros has a fifty-two week low of $46.52 and a fifty-two week high of $77.88. The stock has a market cap of $8.99 billion, a P/E ratio of 85.33, a PEG ratio of 1.88 and a beta of 2.54. The firm's fifty day moving average price is $57.17 and its 200-day moving average price is $58.33.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.07. The business had revenue of $443.61 million for the quarter, compared to analyst estimates of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The company's quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. Equities research analysts forecast that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of Dutch Bros

A number of institutional investors have recently made changes to their positions in BROS. Mengis Capital Management Inc. purchased a new position in shares of Dutch Bros in the fourth quarter worth $247,000. Alpine Global Management LLC bought a new stake in Dutch Bros in the 4th quarter worth $220,000. Tempo Wealth LLC purchased a new position in shares of Dutch Bros in the fourth quarter valued at about $203,000. Virtu Financial LLC raised its stake in shares of Dutch Bros by 62.2% during the fourth quarter. Virtu Financial LLC now owns 24,519 shares of the company's stock valued at $1,501,000 after acquiring an additional 9,404 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Dutch Bros during the fourth quarter worth about $397,000. Hedge funds and other institutional investors own 85.54% of the company's stock.

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.

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