Brokers Issue Forecasts for Dutch Bros Inc.'s Q1 2024 Earnings (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS - Free Report) - Equities researchers at William Blair issued their Q1 2024 earnings estimates for shares of Dutch Bros in a note issued to investors on Monday, January 29th. William Blair analyst S. Zackfia expects that the company will post earnings per share of ($0.02) for the quarter. The consensus estimate for Dutch Bros' current full-year earnings is $0.06 per share. William Blair also issued estimates for Dutch Bros' Q2 2024 earnings at $0.12 EPS and Q3 2024 earnings at $0.11 EPS.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Tuesday, November 7th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. The firm had revenue of $264.51 million for the quarter, compared to the consensus estimate of $257.19 million. Dutch Bros had a net margin of 0.27% and a negative return on equity of 2.22%.

Several other analysts also recently commented on the stock. Jefferies Financial Group dropped their target price on shares of Dutch Bros from $41.00 to $35.00 in a report on Tuesday, October 3rd. Barclays lifted their price objective on shares of Dutch Bros from $28.00 to $31.00 and gave the company an "equal weight" rating in a report on Wednesday, January 3rd. Stifel Nicolaus upgraded shares of Dutch Bros from a "hold" rating to a "buy" rating and lifted their price objective for the company from $32.00 to $35.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. upgraded shares of Dutch Bros from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $30.00 to $35.00 in a report on Monday, November 20th. Finally, Wedbush lifted their price objective on shares of Dutch Bros from $35.00 to $37.00 and gave the company an "outperform" rating in a report on Thursday, December 21st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.70.

Dutch Bros Stock Performance

Shares of BROS stock opened at $27.62 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.42 and a current ratio of 1.83. The company has a market capitalization of $4.89 billion, a P/E ratio of 690.50, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43. The company's 50 day moving average price is $29.07 and its two-hundred day moving average price is $27.97. Dutch Bros has a 52 week low of $22.67 and a 52 week high of $41.44.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of Dutch Bros by 42.9% in the third quarter. FMR LLC now owns 8,581,751 shares of the company's stock valued at $199,526,000 after acquiring an additional 2,578,145 shares during the period. Vanguard Group Inc. boosted its position in shares of Dutch Bros by 32.1% in the third quarter. Vanguard Group Inc. now owns 4,614,550 shares of the company's stock valued at $107,288,000 after acquiring an additional 1,120,908 shares during the period. American Century Companies Inc. raised its stake in Dutch Bros by 191.7% in the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company's stock valued at $27,369,000 after purchasing an additional 773,616 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Dutch Bros by 5.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,024,255 shares of the company's stock valued at $32,418,000 after purchasing an additional 49,097 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Dutch Bros by 59.0% in the second quarter. Clearbridge Investments LLC now owns 867,757 shares of the company's stock valued at $24,688,000 after purchasing an additional 322,160 shares in the last quarter.

Insider Buying and Selling

In related news, major shareholder Tsg7 A. Management Llc sold 5,641,152 shares of the business's stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $28.16, for a total transaction of $158,854,840.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 5,641,152 shares of Dutch Bros stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $28.16, for a total transaction of $158,854,840.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 156,183 shares of Dutch Bros stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $30.38, for a total transaction of $4,744,839.54. Following the transaction, the insider now directly owns 1,425,003 shares of the company's stock, valued at $43,291,591.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,639,876 shares of company stock worth $218,108,388. Insiders own 49.70% of the company's stock.

About Dutch Bros

Dutch Bros Inc operates and franchises drive-thru shops. The company offers coffee-based beverages, including custom drinks, cold brews, and freeze blended beverages, as well as Blue Rebel energy drinks. It also provides tea, lemonade, sodas, smoothies, and other beverages through company-operated shops and online channels.

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