Dutch Bros (BROS) Set to Announce Quarterly Earnings on Tuesday

Dutch Bros (NYSE:BROS - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Dutch Bros has set its FY 2024 guidance at EPS.Investors interested in registering for the company's conference call can do so using this link.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a negative return on equity of 0.54% and a net margin of 0.18%. On average, analysts expect Dutch Bros to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded down $0.19 during midday trading on Tuesday, hitting $28.16. The company had a trading volume of 1,512,695 shares, compared to its average volume of 1,938,022. The company has a fifty day simple moving average of $31.27 and a 200 day simple moving average of $29.07. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 933.67, a PEG ratio of 4.43 and a beta of 2.41. Dutch Bros has a 12-month low of $22.67 and a 12-month high of $36.17. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68.

Analysts Set New Price Targets

BROS has been the subject of a number of research analyst reports. Stifel Nicolaus restated a "buy" rating and issued a $40.00 target price on shares of Dutch Bros in a research note on Wednesday, April 3rd. Wedbush reiterated an "outperform" rating and issued a $37.00 target price on shares of Dutch Bros in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 19th. Barclays dropped their price objective on shares of Dutch Bros from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 22nd. Finally, William Blair reissued an "outperform" rating on shares of Dutch Bros in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Dutch Bros currently has an average rating of "Moderate Buy" and a consensus target price of $34.44.

Insider Transactions at Dutch Bros

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $33.88, for a total value of $271,040,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brian Maxwell sold 1,474 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $35.00, for a total transaction of $51,590.00. Following the transaction, the chief operating officer now directly 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 valued at $561,438,392 in the last ninety days. 46.50% of the stock is currently owned by corporate insiders.

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.