Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $76.67

Dutch Bros Inc. (NYSE:BROSGet Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $77.05.

BROS has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Royal Bank Of Canada upped their target price on Dutch Bros from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. KeyCorp reiterated an “overweight” rating on shares of Dutch Bros in a research report on Friday, January 9th. Sanford C. Bernstein restated an “overweight” rating and set a $76.00 price objective on shares of Dutch Bros in a research report on Wednesday, January 7th. Finally, Piper Sandler dropped their target price on Dutch Bros from $73.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th.

Check Out Our Latest Research Report on BROS

Dutch Bros Stock Performance

BROS stock opened at $62.43 on Thursday. The stock’s 50 day simple moving average is $59.46 and its 200 day simple moving average is $60.38. Dutch Bros has a 12-month low of $47.16 and a 12-month high of $86.88. The firm has a market cap of $10.27 billion, a P/E ratio of 124.86, a P/E/G ratio of 2.37 and a beta of 2.55. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROSGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $423.58 million during the quarter, compared to the consensus estimate of $414.81 million. Dutch Bros had a net margin of 4.04% and a return on equity of 8.91%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. As a group, equities research analysts predict that Dutch Bros will post 0.57 EPS for the current year.

Key Stories Impacting Dutch Bros

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

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,678,616 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total value of $93,062,471.04. Following the completion of the transaction, the chairman owned 9,817 shares in the company, valued at approximately $544,254.48. This represents a 99.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the completion of the sale, the insider owned 9,817 shares in the company, valued at $544,254.48. The trade was a 98.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,465,214 shares of company stock worth $189,800,291. Corporate insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wedmont Private Capital increased its position in Dutch Bros by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 5,473 shares of the company’s stock valued at $363,000 after acquiring an additional 158 shares during the period. RiverPark Advisors LLC grew its stake in shares of Dutch Bros by 4.8% in the second quarter. RiverPark Advisors LLC now owns 3,966 shares of the company’s stock worth $271,000 after purchasing an additional 181 shares in the last quarter. KLP Kapitalforvaltning AS increased 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 purchasing an additional 200 shares during the period. Oppenheimer & Co. Inc. raised its stake 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 purchasing an additional 200 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC raised its stake in shares of Dutch Bros by 3.9% during the third quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock valued at $282,000 after purchasing an additional 204 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Dutch Bros (NYSE:BROS)

Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.