Dutch Bros Inc. (NYSE:BROS) Receives $76.67 Consensus Price Target from Brokerages

Dutch Bros Inc. (NYSE:BROSGet Free Report) has received a consensus rating of “Moderate Buy” from the twenty-four research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $76.6842.

A number of research analysts have commented on BROS shares. Stifel Nicolaus cut their target price on shares of Dutch Bros from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. The Goldman Sachs Group dropped their price objective on shares of Dutch Bros from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Piper Sandler cut their price objective on shares of Dutch Bros from $73.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Morgan Stanley set a $84.00 price objective on shares of Dutch Bros in a research note on Thursday, November 6th. Finally, Zacks Research cut Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st.

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Dutch Bros Trading Down 0.2%

Shares of NYSE BROS opened at $64.81 on Friday. Dutch Bros has a twelve month low of $47.16 and a twelve month high of $86.88. The firm has a market cap of $10.66 billion, a PE ratio of 129.62, a price-to-earnings-growth ratio of 3.33 and a beta of 2.55. The business has a fifty day simple moving average of $57.07 and a two-hundred day simple moving average of $61.33. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROSGet Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $423.58 million for the quarter, compared to the consensus estimate of $414.81 million. Dutch Bros had a return on equity of 8.91% and a net margin of 4.04%.The business’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. Analysts expect that Dutch Bros will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 648,089 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $55.44, for a total transaction of $35,930,054.16. Following the sale, the insider owned 9,817 shares of the company’s stock, valued at $544,254.48. This trade represents a 98.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Travis Boersma sold 1,678,616 shares of Dutch Bros 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 $544,254.48. This trade represents a 99.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,465,214 shares of company stock valued at $189,800,291 over the last 90 days. 42.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in Dutch Bros in the first quarter valued at approximately $1,211,000. Townsquare Capital LLC boosted its position in shares of Dutch Bros by 68.8% in the 1st quarter. Townsquare Capital LLC now owns 6,456 shares of the company’s stock worth $399,000 after purchasing an additional 2,631 shares in the last quarter. Invesco Ltd. boosted its position in shares of Dutch Bros by 16.4% in the 1st quarter. Invesco Ltd. now owns 1,365,281 shares of the company’s stock worth $84,292,000 after purchasing an additional 192,458 shares in the last quarter. Nuveen LLC purchased a new position in Dutch Bros during the 1st quarter worth $20,299,000. Finally, Algert Global LLC increased its position in Dutch Bros by 35.3% during the 1st quarter. Algert Global LLC now owns 119,313 shares of the company’s stock valued at $7,366,000 after buying an additional 31,161 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

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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.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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