Dutch Bros (NYSE:BROS) Given New $55.00 Price Target at Wells Fargo & Company

Dutch Bros (NYSE:BROS) had its price target dropped by stock analysts at Wells Fargo & Company from $70.00 to $55.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company’s target price indicates a potential upside of 29.10% from the company’s current price.

Other equities research analysts have also issued reports about the stock. UBS Group restated a “neutral” rating on shares of Dutch Bros in a report on Thursday, September 10th. Citigroup reiterated a “buy” rating on shares of Dutch Bros in a report on Thursday, August 6th. Royal Bank Of Canada dropped their price target on Dutch Bros from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Telsey Advisory Group boosted their price target on Dutch Bros from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Morgan Stanley reduced their price objective on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.84.

Dutch Bros Trading Down 2.8%

NYSE:BROS opened at $42.60 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19. The business’s 50-day simple moving average is $43.74 and its 200-day simple moving average is $54.13. Dutch Bros has a fifty-two week low of $36.51 and a fifty-two week high of $74.02. The stock has a market capitalization of $7.44 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 1.52 and a beta of 2.31.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%. The business had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. During the same period in the prior year, the business earned $0.26 EPS. Dutch Bros’s revenue for the quarter was up 32.5% compared to the same quarter last year. Sell-side analysts expect that Dutch Bros will post 0.88 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Todd Penegor bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $51.56 per share, for a total transaction of $103,120.00. Following the completion of the acquisition, the director owned 7,358 shares of the company’s stock, valued at approximately $379,378.48. The trade was a 37.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 38.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after purchasing an additional 851,075 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Dutch Bros by 33.4% during the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after purchasing an additional 454,036 shares in the last quarter. Hyperion Asset Management Ltd boosted its holdings in shares of Dutch Bros by 104.4% in the 3rd quarter. Hyperion Asset Management Ltd now owns 1,222,532 shares of the company’s stock valued at $47,141,000 after buying an additional 624,488 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Dutch Bros by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,204,326 shares of the company’s stock valued at $60,994,000 after buying an additional 37,683 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Dutch Bros by 58.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock valued at $52,917,000 after buying an additional 384,011 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Dutch Bros News Roundup

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Dutch Bros has produced same-store sales growth for 13 consecutive quarters and plans to open approximately 185 locations this year. Investors may view the sustained demand and expansion opportunity as support for the company’s long-term growth narrative. Dutch Bros Stock Is Down 33% While Its Same-Store Sales Keep Growing
• Positive Sentiment: The recent share-price decline has reduced Dutch Bros’ valuation to roughly 58 times earnings, making the stock more appealing to growth investors than it was at higher prices. The valuation remains elevated, but the improved entry point may be helping support the stock. Dutch Bros Trades at 58 Times Earnings
• Positive Sentiment: Plans for additional drive-thru locations in Tacoma and Hoover indicate that Dutch Bros continues to expand its national footprint, emphasizing convenient service and customer experience. Dutch Bros Coffee Tacoma Expansion Plan
• Neutral Sentiment: Attention is shifting toward the company’s upcoming earnings report on November 4. Investors will likely focus on same-store sales, new-store openings and whether management remains on track to meet its expansion target. Did Upcoming Earnings Just Shift Dutch Bros Stock Narrative?
• Neutral Sentiment: New charity-focused collectible plushies could strengthen customer engagement and brand loyalty, but the products are unlikely to have a material near-term effect on earnings because all profits are being donated. Dutch Bros Collectible Plushies
• Negative Sentiment: Despite strong comparable-store sales, investors remain concerned that Dutch Bros may struggle to open all 185 planned stores, potentially making the premium valuation harder to justify. A proposed Hoover drive-thru also faces objections from a rival coffee shop, highlighting possible local approval and competitive hurdles. Dutch Bros Hoover Drive-Thru Proposal

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.

Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.

Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.