Dutch Bros Inc. (NYSE:BROS) Given Consensus Rating of "Buy" by Analysts

Key Points

• Dutch Bros Inc. has received an average rating of "Buy" from analysts, with 16 buy recommendations and two strong buy ratings from the 20 firms covering the company.
• The target price for Dutch Bros stock has been set around $80.06 on average, with recent reports suggesting price targets as high as $85.00 from UBS Group.
• In the latest quarter, Dutch Bros reported a net revenue of $415.81 million, reflecting a 28% year-over-year increase, and beat earnings per share estimates by $0.08.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) has been assigned an average recommendation of "Buy" from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $80.0588.

BROS has been the subject of several recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $85.00 price target on shares of Dutch Bros in a report on Wednesday, September 24th. Guggenheim raised their price target on Dutch Bros from $72.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Melius Research raised Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. UBS Group raised their price target on Dutch Bros from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $84.00 price target (up previously from $80.00) on shares of Dutch Bros in a report on Thursday, August 7th.

Dutch Bros Price Performance

Shares of BROS stock opened at $52.48 on Tuesday. Dutch Bros has a 1-year low of $30.49 and a 1-year high of $86.88. The stock's 50-day moving average is $63.19 and its 200 day moving average is $64.38. The company has a market cap of $8.63 billion, a P/E ratio of 111.66, a PEG ratio of 2.94 and a beta of 2.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The company had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. Research analysts predict that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Travis Boersma sold 1,250,371 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $81,486,678.07. Following the completion of the transaction, the chairman directly owned 1,279,144 shares in the company, valued at $83,361,814.48. This trade represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $65.17, for a total value of $31,460,817.50. Following the completion of the transaction, the insider owned 1,279,144 shares of the company's stock, valued at approximately $83,361,814.48. The trade was a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,161,101 shares of company stock valued at $207,633,882. Company insiders own 42.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. 1832 Asset Management L.P. raised its stake in shares of Dutch Bros by 29.9% in the first quarter. 1832 Asset Management L.P. now owns 3,420,200 shares of the company's stock worth $211,163,000 after purchasing an additional 788,100 shares during the last quarter. Marshall Wace LLP raised its position in Dutch Bros by 139.2% during the second quarter. Marshall Wace LLP now owns 2,509,767 shares of the company's stock valued at $171,593,000 after acquiring an additional 1,460,376 shares in the last quarter. Invesco Ltd. raised its position in Dutch Bros by 70.9% during the second quarter. Invesco Ltd. now owns 2,333,142 shares of the company's stock valued at $159,517,000 after acquiring an additional 967,861 shares in the last quarter. Geode Capital Management LLC raised its position in Dutch Bros by 14.0% during the second quarter. Geode Capital Management LLC now owns 2,173,710 shares of the company's stock valued at $148,643,000 after acquiring an additional 267,074 shares in the last quarter. Finally, State Street Corp raised its position in Dutch Bros by 6.6% during the second quarter. State Street Corp now owns 1,978,441 shares of the company's stock valued at $135,266,000 after acquiring an additional 121,683 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

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.

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