Dutch Bros (NYSE:BROS) Given New $38.00 Price Target at Royal Bank Of Canada

Dutch Bros (NYSE:BROS) had its price target trimmed by Royal Bank Of Canada from $46.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts have also recently issued reports on BROS. Seaport Research Partners began coverage on Dutch Bros in a research report on Wednesday, September 16th. They issued a “buy” rating and a $50.00 price objective for the company. Weiss Ratings lowered Dutch Bros from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Morgan Stanley dropped their price target on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. BNP Paribas Exane dropped their price target on Dutch Bros from $77.00 to $54.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company cut their price target on Dutch Bros from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.83.

Dutch Bros Trading Down 21.3%

Shares of NYSE:BROS opened at $34.60 on Thursday. Dutch Bros has a 52-week low of $33.98 and a 52-week high of $74.02. The company has a market capitalization of $6.04 billion, a P/E ratio of 44.36, a price-to-earnings-growth ratio of 1.37 and a beta of 1.97. The company has a 50-day simple moving average of $41.78 and a 200 day simple moving average of $53.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $549.84 million during the quarter, compared to analysts’ expectations of $548.27 million. Dutch Bros had a return on equity of 10.68% and a net margin of 5.08%. Dutch Bros’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share. Sell-side analysts forecast that Dutch Bros will post 0.88 earnings per share for the current year.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 1,032,216 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $46,171,021.68. Following the transaction, the chairman directly owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This represents a 43.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the sale, the insider owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This trade represents a 20.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 4,044,220 shares of company stock worth $179,732,644. 38.90% of the stock is owned by company insiders.

Institutional Trading of Dutch Bros

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Dutch Bros by 38.0% in the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock valued at $221,956,000 after purchasing an additional 851,075 shares during the period. Danica Pension Livsforsikringsaktieselskab bought a new position in Dutch Bros during the 1st quarter worth $33,569,000. Hyperion Asset Management Ltd increased its position in Dutch Bros by 104.4% during the 3rd quarter. Hyperion Asset Management Ltd now owns 1,222,532 shares of the company’s stock worth $47,141,000 after buying an additional 624,488 shares during the period. Bank of America Corp DE increased its position in 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 buying an additional 454,036 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Dutch Bros by 58.1% during the first quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock worth $52,917,000 after buying an additional 384,011 shares in the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Key Dutch Bros News

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

• Positive Sentiment: Q3 revenue grew about 30% year over year to roughly $550 million, slightly exceeding estimates. Earnings of $0.25 per share also topped the $0.24 consensus. Why Dutch Bros Stock Crashed Today
• Positive Sentiment: The company plans approximately 250 system shop openings in 2027 and is considering hot food and delivery, offering potential avenues for continued expansion. Dutch Bros: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Investors appear concerned that Q3 traffic growth slowed and the company’s full-year outlook was cautious or below Wall Street expectations. That guidance concern outweighed the quarterly beat. Dutch Bros tumbles on cautious outlook
• Negative Sentiment: Several analysts lowered price targets following results, including RBC, which also moved to a “sector perform” rating. Other firms retained positive ratings, but the broad target cuts signal a reset in expectations. Dutch Bros Analysts Cut Their Forecasts After Q3 Results
• Negative Sentiment: Chairman Travis Boersma and an associated major shareholder sold substantial amounts of stock in transactions under pre-arranged Rule 10b5-1 plans. Such planned sales do not necessarily indicate a change in the company’s outlook, but may add to investor unease. Dutch Bros insider trades

About Dutch Bros

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.