Analysts Set Dutch Bros Inc. (NYSE:BROS) PT at $75.77

Shares of Dutch Bros Inc. (NYSE:BROS) have received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $75.7727.

BROS has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a report on Friday, February 13th. DA Davidson lifted their target price on Dutch Bros from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Morgan Stanley restated an “overweight” rating and issued a $87.00 target price on shares of Dutch Bros in a report on Thursday, May 7th. BNP Paribas Exane initiated coverage on Dutch Bros in a report on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Dutch Bros in a report on Friday, February 13th.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Director Todd Allan Penegor purchased 2,000 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $51.17 per share, for a total transaction of $102,340.00. Following the completion of the acquisition, the director owned 5,358 shares of the company’s stock, valued at $274,168.86. This represents a 59.56% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 38.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. KLP Kapitalforvaltning AS grew its holdings in shares of Dutch Bros by 0.8% during the third quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock valued at $1,319,000 after buying an additional 200 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Dutch Bros by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock valued at $975,000 after buying an additional 200 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Dutch Bros by 0.4% during the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after buying an additional 211 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in shares of Dutch Bros by 7.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after buying an additional 212 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Dutch Bros by 4.8% during the third quarter. Verdence Capital Advisors LLC now owns 4,732 shares of the company’s stock valued at $248,000 after buying an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $51.12 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 79.87, a PEG ratio of 1.65 and a beta of 2.40. The stock’s fifty day simple moving average is $52.46 and its 200 day simple moving average is $55.82. Dutch Bros has a 52-week low of $44.58 and a 52-week high of $77.88.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.70 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. As a group, sell-side analysts forecast that Dutch Bros will post 0.82 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.