Dutch Bros Inc. (NYSE:BROS) Receives Average Rating of "Buy" from Analysts

Dutch Bros Inc. (NYSE:BROS - Get Free Report) has received an average rating of "Buy" from the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year 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. Royal Bank Of Canada started coverage on Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 target price on the stock. Guggenheim raised their price objective on Dutch Bros from $54.00 to $72.00 and gave the company a "buy" rating in a report on Monday, March 31st. Barclays lifted their target price on Dutch Bros from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wells Fargo & Company began coverage on Dutch Bros in a report on Wednesday, March 26th. They set an "overweight" rating and a $80.00 target price on the stock. Finally, UBS Group cut their target price on Dutch Bros from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 5th.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 531,526 shares of Dutch Bros stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $72.02, for a total transaction of $38,280,502.52. Following the completion of the transaction, the chairman now directly owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. This trade represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 119,112 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $65.95, for a total value of $7,855,436.40. Following the completion of the sale, the insider now owns 2,099,499 shares of the company's stock, valued at $138,461,959.05. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,465,214 shares of company stock worth $237,721,138. 42.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new position in shares of Dutch Bros during the first quarter worth about $31,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros during the first quarter worth $31,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Dutch Bros by 638.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Dutch Bros during the first quarter worth $38,000. Finally, Bernard Wealth Management Corp. acquired a new stake in Dutch Bros in the fourth quarter valued at $43,000. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros Trading Down 3.0%

BROS stock opened at $67.70 on Friday. The firm has a market cap of $11.14 billion, a P/E ratio of 173.60, a P/E/G ratio of 3.94 and a beta of 2.73. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. Dutch Bros has a 1-year low of $26.96 and a 1-year high of $86.88. The business's 50 day moving average is $66.25 and its 200-day moving average is $63.56.

Dutch Bros (NYSE:BROS - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The company had revenue of $355.15 million during the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The firm's quarterly revenue was up 28.7% on a year-over-year basis. Equities analysts anticipate that Dutch Bros will post 0.57 earnings per share for the current fiscal 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.

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