Analysts Set Dutch Bros Inc. (NYSE:BROS) PT at $77.50

Shares of Dutch Bros Inc. (NYSE:BROS) have been assigned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $77.50.

Several research firms have recently issued reports on BROS. Piper Sandler lifted their target price on shares of Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Freedom Capital upgraded Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Citigroup raised their price objective on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. KeyCorp lifted their price objective on Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, TD Cowen reissued a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 750,000 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the transaction, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. The trade was a 23.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of Dutch Bros stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the transaction, the insider directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This represents a 9.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,086,245 shares of company stock valued at $243,021,771 over the last 90 days. Corporate insiders own 38.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Osterweis Capital Management Inc. purchased a new stake in shares of Dutch Bros during the second quarter valued at approximately $27,000. Rakuten Securities Inc. raised its holdings in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after acquiring an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in Dutch Bros in the 4th quarter worth approximately $31,000. Ankerstar Wealth LLC bought a new position in Dutch Bros in the 4th quarter valued at approximately $31,000. Finally, Quarry LP lifted its position in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after acquiring an additional 273 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Stock Up 0.1%

Shares of Dutch Bros stock opened at $64.75 on Monday. Dutch Bros has a 1 year low of $44.58 and a 1 year high of $74.65. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 101.17, a PEG ratio of 1.96 and a beta of 2.31. The company has a 50-day moving average of $63.90 and a 200 day moving average of $57.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $464.41 million for the quarter, compared to analyst estimates of $449.69 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. Dutch Bros’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, sell-side analysts anticipate that Dutch Bros will post 0.84 earnings per share for the current fiscal year.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.