Dutch Bros Inc. (NYSE:BROS) Given Average Recommendation of "Buy" by Analysts

Dutch Bros Inc. (NYSE:BROS - Get Free Report) has been assigned an average recommendation of "Buy" from the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $75.73.

A number of brokerages have recently weighed in on BROS. Guggenheim boosted their price objective on shares of Dutch Bros from $54.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 31st. Wedbush reissued an "outperform" rating and issued a $90.00 price target on shares of Dutch Bros in a research note on Monday, March 31st. Wells Fargo & Company assumed coverage on Dutch Bros in a research note on Wednesday, March 26th. They set an "overweight" rating and a $80.00 price objective on the stock. Piper Sandler lowered their target price on Dutch Bros from $70.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Robert W. Baird increased their target price on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, May 8th.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 540,638 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total transaction of $35,655,076.10. Following the transaction, the chairman now directly owns 2,099,499 shares of the company's stock, valued at approximately $138,461,959.05. The trade was a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total transaction of $10,641,352.28. Following the completion of the sale, the insider now directly 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 a total of 3,465,214 shares of company stock worth $237,721,138 over the last quarter. 42.40% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Several large investors have recently bought and sold shares of BROS. Strs Ohio bought a new position in shares of Dutch Bros in the 1st quarter worth approximately $669,000. Geneos Wealth Management Inc. grew its stake in Dutch Bros by 1,614.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the company's stock worth $159,000 after purchasing an additional 2,422 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Dutch Bros in the 1st quarter worth about $1,785,000. Bayforest Capital Ltd grew its holdings in Dutch Bros by 21.4% in the first quarter. Bayforest Capital Ltd now owns 10,195 shares of the company's stock worth $629,000 after purchasing an additional 1,798 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Dutch Bros by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company's stock worth $18,875,000 after buying an additional 22,323 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Dutch Bros Price Performance

NYSE:BROS traded down $1.80 during midday trading on Friday, hitting $68.59. The company had a trading volume of 2,376,640 shares, compared to its average volume of 3,155,713. The company has a market capitalization of $11.28 billion, a PE ratio of 175.88, a P/E/G ratio of 4.04 and a beta of 2.73. The company has a quick ratio of 1.75, a current ratio of 1.95 and a debt-to-equity ratio of 0.80. Dutch Bros has a 52-week low of $26.96 and a 52-week high of $86.88. The stock's fifty day moving average price is $66.72 and its 200-day moving average price is $63.77.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $355.15 million during the quarter, compared to analysts' expectations of $343.30 million. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The company's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. As a group, research analysts expect that Dutch Bros will post 0.57 earnings per share for the current year.

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.