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

Key Points

• Dutch Bros Inc. has received an average analyst rating of "Moderate Buy", with three analysts suggesting a hold, sixteen a buy, and two a strong buy.
• The average 12-month price target for Dutch Bros among brokerages is $77.82, with recent price targets ranging from $65 to $86.
• Insider transactions have shown significant sales, with major shareholder Dm Individual Aggregator, LLC reducing their position by 27.40% after selling 482,750 shares.

Dutch Bros Inc. (NYSE:BROS - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-one analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $77.8235.

Several brokerages recently issued reports on BROS. TD Cowen reaffirmed a "buy" rating and set a $86.00 price objective on shares of Dutch Bros in a research note on Tuesday, August 19th. Barclays dropped their price target on Dutch Bros from $92.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday. Melius Research raised Dutch Bros to a "strong-buy" rating in a report on Monday, July 14th. Morgan Stanley boosted their price objective on Dutch Bros from $84.00 to $86.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, The Goldman Sachs Group dropped their target price on Dutch Bros from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares in the company, valued at $83,361,814.48. This trade represents a 27.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Travis Boersma sold 787,681 shares of Dutch Bros stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the sale, the chairman directly owned 975,031 shares in the company, valued at approximately $67,218,637.14. The trade was a 44.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. acquired a new stake in Dutch Bros during the second quarter worth $27,000. Rakuten Securities Inc. grew its holdings in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company's stock worth $31,000 after purchasing an additional 379 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Dutch Bros during the 1st quarter worth about $31,000. Kiker Wealth Management LLC raised its holdings in Dutch Bros by 4,423.1% in the 2nd quarter. Kiker Wealth Management LLC now owns 588 shares of the company's stock valued at $40,000 after buying an additional 575 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in Dutch Bros in the 1st quarter valued at about $38,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Stock Performance

NYSE BROS opened at $56.98 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.64 and a quick ratio of 1.42. The stock's 50 day simple moving average is $59.73 and its 200-day simple moving average is $63.12. The company has a market cap of $9.37 billion, a PE ratio of 121.24, a price-to-earnings-growth ratio of 3.14 and a beta of 2.55. Dutch Bros has a 1-year low of $32.68 and a 1-year high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $415.81 million during the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%.The firm's revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS. As a group, equities research analysts anticipate that Dutch Bros will post 0.57 EPS 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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