Dutch Bros' (BROS) Hold Rating Reiterated at TD Cowen

TD Cowen reiterated their hold rating on shares of Dutch Bros (NYSE:BROS - Free Report) in a research note issued to investors on Friday, Benzinga reports. TD Cowen currently has a $33.00 target price on the stock.

Several other research firms also recently issued reports on BROS. Piper Sandler upgraded shares of Dutch Bros from a neutral rating to an overweight rating and boosted their price objective for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. boosted their price objective on shares of Dutch Bros from $34.00 to $40.00 and gave the stock an overweight rating in a research note on Tuesday, March 19th. Stifel Nicolaus reiterated a buy rating and set a $40.00 price objective on shares of Dutch Bros in a research note on Wednesday, April 3rd. Wedbush restated an outperform rating and issued a $37.00 target price on shares of Dutch Bros in a research note on Wednesday, April 10th. Finally, Barclays decreased their target price on shares of Dutch Bros from $31.00 to $30.00 and set an equal weight rating for the company in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $34.44.

Dutch Bros Price Performance

NYSE:BROS traded down $0.32 during mid-day trading on Friday, hitting $28.57. 1,063,945 shares of the company's stock traded hands, compared to its average volume of 1,943,464. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The firm's 50 day simple moving average is $31.23 and its 200 day simple moving average is $28.97. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $36.17. The company has a market cap of $5.06 billion, a PE ratio of 963.33, a price-to-earnings-growth ratio of 4.42 and a beta of 2.41.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The business had revenue of $254.12 million during the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. Sell-side analysts expect that Dutch Bros will post 0.26 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total value of $231,200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the transaction, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $28.90, for a total transaction of $231,200,000.00. 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 quarter. Company insiders own 46.50% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently made changes to their positions in BROS. U.S. Capital Wealth Advisors LLC boosted its position in shares of Dutch Bros by 102.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 19,250 shares of the company's stock valued at $448,000 after purchasing an additional 9,750 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in shares of Dutch Bros by 61.4% in the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company's stock worth $25,000 after buying an additional 415 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Dutch Bros by 100.4% in the third quarter. Hexagon Capital Partners LLC now owns 10,018 shares of the company's stock worth $233,000 after buying an additional 5,018 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Dutch Bros by 13.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,710 shares of the company's stock worth $1,086,000 after buying an additional 5,406 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Dutch Bros by 27.5% in the third quarter. Bank of New York Mellon Corp now owns 30,973 shares of the company's stock worth $720,000 after buying an additional 6,681 shares during the period. Institutional investors own 85.54% 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.