Brokers Issue Forecasts for Dutch Bros Inc.'s Q2 2024 Earnings (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS - Free Report) - Wedbush decreased their Q2 2024 earnings per share (EPS) estimates for shares of Dutch Bros in a research note issued to investors on Wednesday, April 3rd. Wedbush analyst N. Setyan now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.14. Wedbush currently has a "Outperform" rating and a $37.00 target price on the stock. The consensus estimate for Dutch Bros' current full-year earnings is $0.26 per share. Wedbush also issued estimates for Dutch Bros' Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.28 EPS and Q4 2025 earnings at $0.01 EPS.

Other analysts have also recently issued research reports about the company. Piper Sandler raised Dutch Bros from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $32.00 to $37.00 in a research report on Monday, March 4th. Guggenheim reaffirmed a "neutral" rating and issued a $30.00 target price on shares of Dutch Bros in a research report on Friday. William Blair reiterated an "outperform" rating on shares of Dutch Bros in a report on Thursday, February 22nd. Barclays cut their price objective on Dutch Bros from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Dutch Bros from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Dutch Bros currently has an average rating of "Moderate Buy" and a consensus target price of $34.44.

Dutch Bros Stock Up 1.2 %

Shares of Dutch Bros stock traded up $0.39 during midday trading on Friday, hitting $32.88. The company's stock had a trading volume of 1,585,443 shares, compared to its average volume of 2,010,110. The firm has a market capitalization of $5.82 billion, a P/E ratio of 1,096.00 and a beta of 2.41. The stock has a 50-day simple moving average of $30.12 and a 200-day simple moving average of $28.28. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $36.17.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $254.12 million during the quarter, compared to analysts' expectations of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%.

Hedge Funds Weigh In On Dutch Bros

A number of institutional investors have recently made changes to their positions in the business. FMR LLC increased its stake 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 worth $199,526,000 after purchasing an additional 2,578,145 shares during the period. Vanguard Group Inc. increased its stake in shares of Dutch Bros by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company's stock worth $150,447,000 after purchasing an additional 135,918 shares during the period. American Century Companies Inc. increased its stake in shares of Dutch Bros by 191.7% in the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company's stock worth $27,369,000 after purchasing an additional 773,616 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Dutch Bros in the fourth quarter worth about $37,166,000. Finally, Price T Rowe Associates Inc. MD grew its position in Dutch Bros by 5.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,024,255 shares of the company's stock worth $32,418,000 after buying an additional 49,097 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 98,017 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the transaction, the chairman now directly owns 672,439 shares in the company, valued at $24,234,701.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Dutch Bros news, Chairman Travis Boersma sold 98,017 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the transaction, the chairman now directly owns 672,439 shares in the company, valued at $24,234,701.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Brian Maxwell sold 1,474 shares of Dutch Bros stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $35.00, for a total value of $51,590.00. Following the completion of the transaction, the chief operating officer now owns 1,039,646 shares in the company, valued at $36,387,610. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock worth $561,438,392 over the last three months. Corporate insiders own 49.70% of the company's stock.

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.