Dutch Bros' (BROS) Buy Rating Reiterated at TD Securities

Dutch Bros (NYSE:BROS - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at TD Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $78.00 price target on the stock. TD Securities' price objective suggests a potential upside of 10.54% from the stock's previous close.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Company started coverage on shares of Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price for the company. Bank of America lifted their price target on Dutch Bros from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Guggenheim lifted their price target on Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, March 31st. UBS Group lowered their price target on Dutch Bros from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Piper Sandler lifted their price target on Dutch Bros from $51.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $75.21.

Dutch Bros Price Performance

Shares of BROS traded up $0.70 during mid-day trading on Thursday, reaching $70.56. 1,357,497 shares of the stock traded hands, compared to its average volume of 3,157,999. The firm has a fifty day moving average price of $61.00 and a 200 day moving average price of $58.71. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 207.54, a price-to-earnings-growth ratio of 4.23 and a beta of 2.71. The company has a current ratio of 1.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Dutch Bros has a 1 year low of $26.96 and a 1 year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Dutch Bros had a net margin of 2.75% and a return on equity of 6.78%. The company had revenue of $355.15 million during the quarter, compared to analyst estimates of $343.30 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm's quarterly revenue was up 28.7% compared to the same quarter last year. As a group, equities research analysts predict that Dutch Bros will post 0.57 earnings per share for the current year.

Insider Activity at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 182,123 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $75.91, for a total value of $13,824,956.93. Following the completion of the transaction, the insider now directly owns 2,310,834 shares of the company's stock, valued at approximately $175,415,408.94. The trade was a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 755,551 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $77.73, for a total value of $58,728,979.23. Following the completion of the transaction, the chairman now directly owns 2,903,316 shares of the company's stock, valued at approximately $225,674,752.68. The trade was a 20.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,643,632 shares of company stock worth $201,509,627 over the last three months. 42.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC boosted its stake in shares of Dutch Bros by 120.6% in the first quarter. Lord Abbett & CO. LLC now owns 1,082,414 shares of the company's stock worth $66,828,000 after buying an additional 591,657 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Dutch Bros by 76.0% in the first quarter. Neuberger Berman Group LLC now owns 100,288 shares of the company's stock worth $6,192,000 after buying an additional 43,300 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Dutch Bros by 116.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,325 shares of the company's stock worth $267,000 after buying an additional 2,327 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Dutch Bros in the first quarter worth about $54,000. Finally, Independent Advisor Alliance boosted its stake in shares of Dutch Bros by 6.5% in the first quarter. Independent Advisor Alliance now owns 19,742 shares of the company's stock worth $1,219,000 after buying an additional 1,207 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.