Dutch Bros (NYSE:BROS) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Dutch Bros (NYSE:BROS - Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage set a "neutral" rating and a $75.00 price target on the stock. The Goldman Sachs Group's price objective indicates a potential upside of 11.08% from the company's current price.

BROS has been the topic of several other research reports. Royal Bank Of Canada assumed coverage on Dutch Bros in a research note on Wednesday, May 14th. They set an "outperform" rating and a $83.00 price target on the stock. Barclays boosted their price target on shares of Dutch Bros from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley set a $80.00 price target on shares of Dutch Bros and gave the stock an "overweight" rating in a research report on Monday, April 14th. Stifel Nicolaus cut their price objective on shares of Dutch Bros from $85.00 to $82.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wedbush restated an "outperform" rating and set a $90.00 target price on shares of Dutch Bros in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.69.

Dutch Bros Stock Down 1.5%

Shares of BROS opened at $67.52 on Thursday. The firm has a fifty day moving average price of $67.13 and a 200-day moving average price of $63.90. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $11.11 billion, a P/E ratio of 173.14, a P/E/G ratio of 3.99 and a beta of 2.73. Dutch Bros has a 12-month low of $26.96 and a 12-month high of $86.88.

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

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 540,638 shares of Dutch Bros stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $65.95, for a total transaction of $35,655,076.10. Following the completion of the sale, the chairman now 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 legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 531,526 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $72.02, for a total value of $38,280,502.52. Following the sale, the insider now owns 2,373,933 shares in the company, valued at approximately $170,970,654.66. The trade was a 18.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,465,214 shares of company stock valued at $237,721,138 in the last ninety days. Corporate insiders own 42.40% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gould Capital LLC boosted its holdings in shares of Dutch Bros by 20.4% in the 4th quarter. Gould Capital LLC now owns 826 shares of the company's stock valued at $43,000 after acquiring an additional 140 shares during the last quarter. Hollencrest Capital Management lifted its position in Dutch Bros by 21.2% during the first quarter. Hollencrest Capital Management now owns 1,096 shares of the company's stock valued at $68,000 after purchasing an additional 192 shares during the period. Copia Wealth Management boosted its holdings in Dutch Bros by 14.7% in the first quarter. Copia Wealth Management now owns 1,595 shares of the company's stock valued at $98,000 after purchasing an additional 205 shares during the last quarter. Amalgamated Bank grew its position in Dutch Bros by 3.6% during the 4th quarter. Amalgamated Bank now owns 6,268 shares of the company's stock worth $328,000 after purchasing an additional 220 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Dutch Bros by 0.8% during the 4th quarter. Arizona State Retirement System now owns 33,033 shares of the company's stock valued at $1,730,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company's stock.

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.