Dutch Bros Inc. (NYSE:BROS) Receives $76.45 Consensus PT from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have received a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $75.3636.

A number of research firms recently issued reports on BROS. TD Cowen reaffirmed a “buy” rating and issued a $59.00 target price on shares of Dutch Bros in a research note on Friday. Robert W. Baird raised shares of Dutch Bros to a “strong-buy” rating in a research note on Monday, August 24th. Freedom Capital raised shares of Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada decreased their price target on shares of Dutch Bros from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Finally, Morgan Stanley raised their price objective on Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th.

Insider Buying and Selling

In related news, Director Todd Penegor bought 2,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $51.56 per share, with a total value of $103,120.00. Following the completion of the acquisition, the director owned 7,358 shares of the company’s stock, valued at $379,378.48. This trade represents a 37.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 38.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. NorthRock Partners LLC acquired a new position in shares of Dutch Bros during the second quarter valued at $256,000. Integrated Wealth Concepts LLC lifted its position in Dutch Bros by 16.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,004 shares of the company’s stock valued at $790,000 after purchasing an additional 1,525 shares during the last quarter. Maven Securities LTD bought a new stake in Dutch Bros in the 2nd quarter valued at about $829,000. NewEdge Advisors LLC boosted its stake in Dutch Bros by 12.3% during the 2nd quarter. NewEdge Advisors LLC now owns 4,810 shares of the company’s stock valued at $345,000 after purchasing an additional 528 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in Dutch Bros by 7.4% during the 2nd quarter. Baird Financial Group Inc. now owns 524,569 shares of the company’s stock valued at $37,669,000 after purchasing an additional 35,925 shares during the period. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $39.07 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20. Dutch Bros has a twelve month low of $38.28 and a twelve month high of $74.02. The stock has a 50 day moving average of $53.60 and a two-hundred day moving average of $55.84. The stock has a market cap of $6.82 billion, a P/E ratio of 54.26, a P/E/G ratio of 1.43 and a beta of 2.28.

Dutch Bros (NYSE:BROS) last announced 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. The business had revenue of $550.85 million for the quarter, compared to analyst estimates of $525.38 million. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, research analysts forecast that Dutch Bros will post 0.87 earnings per share for the current year.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.

Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.

The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.