Weiss Ratings Reiterates "Hold (C)" Rating for Dutch Bros (NYSE:BROS)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Dutch Bros (NYSE:BROS), indicating a cautious stance on the stock.
• Research analysts have differing opinions on Dutch Bros, with Guggenheim raising their target price to $76.00 and Barclays raising it to $92.00, while Goldman Sachs lowered theirs to $72.00.
• Shares of Dutch Bros recently traded at $47.97, with a 12-month trading range between $30.49 and $86.88, suggesting significant volatility in the stock's performance.

Dutch Bros (NYSE:BROS - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the stock. Guggenheim upped their target price on shares of Dutch Bros from $72.00 to $76.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. CICC Research started coverage on shares of Dutch Bros in a research note on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price for the company. Barclays increased their price objective on shares of Dutch Bros from $84.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. The Goldman Sachs Group lowered their price objective on shares of Dutch Bros from $81.00 to $72.00 and set a "neutral" rating for the company in a research report on Tuesday, September 30th. Finally, Morgan Stanley reissued an "overweight" rating and set a $84.00 price objective (up previously from $80.00) on shares of Dutch Bros in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $79.88.

Dutch Bros Trading Up 0.7%

Shares of BROS traded up $0.31 on Wednesday, reaching $47.97. 4,406,496 shares of the company's stock were exchanged, compared to its average volume of 3,898,839. Dutch Bros has a 12 month low of $30.49 and a 12 month high of $86.88. The company has a current ratio of 1.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $7.89 billion, a P/E ratio of 102.07, a price-to-earnings-growth ratio of 2.64 and a beta of 2.55. The business has a 50 day moving average price of $61.80 and a two-hundred day moving average price of $63.69.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Dutch Bros had a net margin of 3.94% and a return on equity of 8.86%. The firm had revenue of $415.81 million during the quarter, compared to the consensus estimate of $403.24 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business's quarterly revenue was up 28.0% on a year-over-year basis. Research analysts anticipate that Dutch Bros will post 0.57 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Individual Aggregator, Llc sold 482,750 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $65.17, for a total transaction of $31,460,817.50. Following the completion of the sale, the insider owned 1,279,144 shares in the company, valued at approximately $83,361,814.48. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Travis Boersma sold 787,681 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.94, for a total transaction of $54,302,728.14. Following the sale, the chairman owned 975,031 shares of the company's stock, valued at approximately $67,218,637.14. This represents a 44.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,161,101 shares of company stock valued at $207,633,882. 42.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently bought and sold shares of the company. Joule Financial LLC bought a new position in Dutch Bros in the 2nd quarter valued at about $724,000. Berkshire Capital Holdings Inc. bought a new stake in shares of Dutch Bros during the 1st quarter valued at approximately $6,438,000. Jump Financial LLC grew its holdings in shares of Dutch Bros by 47.3% during the 1st quarter. Jump Financial LLC now owns 223,771 shares of the company's stock valued at $13,816,000 after purchasing an additional 71,834 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Dutch Bros during the 4th quarter valued at approximately $267,000. Finally, Capital CS Group LLC bought a new stake in shares of Dutch Bros during the 2nd quarter valued at approximately $470,000. 85.54% of the stock is owned by institutional investors.

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.

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