Dutch Bros Inc. (NYSE:BROS) Receives Average Recommendation of "Buy" from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) have been given a consensus recommendation of "Buy" by the seventeen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $75.73.

A number of brokerages have recently issued reports on BROS. Barclays increased their price objective on shares of Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. TD Securities reiterated a "buy" rating and set a $78.00 target price on shares of Dutch Bros in a research report on Thursday, May 8th. Wells Fargo & Company initiated coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an "overweight" rating and a $80.00 price objective on the stock. Wedbush reissued an "outperform" rating and issued a $90.00 price objective on shares of Dutch Bros in a research report on Monday, March 31st. Finally, Piper Sandler cut their price objective on shares of Dutch Bros from $70.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 531,526 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $72.02, for a total value of $38,280,502.52. Following the sale, the chairman now owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This represents a 18.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the transaction, the insider now owns 1,940,245 shares of the company's stock, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,465,214 shares of company stock worth $237,721,138 over the last three months. Company insiders own 42.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BROS. R Squared Ltd acquired a new position in Dutch Bros during the fourth quarter worth $25,000. AdvisorNet Financial Inc acquired a new position in shares of Dutch Bros during the 1st quarter worth about $31,000. Cullen Frost Bankers Inc. purchased a new position in Dutch Bros in the 1st quarter valued at about $31,000. Coppell Advisory Solutions LLC boosted its holdings in Dutch Bros by 638.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after buying an additional 447 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Dutch Bros during the 1st quarter worth approximately $38,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Price Performance

NYSE BROS traded down $0.95 on Wednesday, reaching $69.74. 1,748,874 shares of the company's stock traded hands, compared to its average volume of 3,176,729. The stock has a market cap of $11.47 billion, a PE ratio of 205.12, a P/E/G ratio of 4.23 and a beta of 2.71. Dutch Bros has a 12 month low of $26.96 and a 12 month high of $86.88. The stock has a 50-day simple moving average of $62.64 and a 200 day simple moving average of $61.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.58.

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

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.