Dutch Bros (NYSE:BROS) Rating Increased to Strong-Buy at Stephens

Dutch Bros (NYSE:BROS) was upgraded by research analysts at Stephens to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts have also commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Dutch Bros in a report on Wednesday, May 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dutch Bros in a research note on Monday, April 20th. Barclays reduced their price target on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. DA Davidson increased their price target on shares of Dutch Bros from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Piper Sandler raised their price objective on shares of Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Dutch Bros Price Performance

BROS opened at $68.28 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a market capitalization of $11.92 billion, a PE ratio of 106.69, a price-to-earnings-growth ratio of 2.11 and a beta of 2.31. The stock’s 50 day moving average price is $61.73 and its 200-day moving average price is $57.33. Dutch Bros has a 52-week low of $44.58 and a 52-week high of $74.65.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $464.41 million for the quarter, compared to analysts’ expectations of $449.69 million. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. On average, equities research analysts predict that Dutch Bros will post 0.84 EPS for the current year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.02, for a total value of $47,265,000.00. Following the sale, the chairman directly owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 23.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $63.02, for a total transaction of $16,451,686.10. Following the completion of the sale, the insider directly owned 2,410,800 shares in the company, valued at $151,928,616. This represents a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,086,245 shares of company stock valued at $243,021,771 in the last three months. Insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Several hedge funds have recently bought and sold shares of BROS. Osterweis Capital Management Inc. purchased a new stake in Dutch Bros in the second quarter worth about $27,000. Rakuten Securities Inc. lifted its holdings in shares of Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Dutch Bros during the fourth quarter valued at approximately $31,000. Ankerstar Wealth LLC bought a new stake in shares of Dutch Bros in the 4th quarter worth approximately $31,000. Finally, Quarry LP boosted its position in shares of Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.