Dutch Bros (NYSE:BROS) Stock Rating Upgraded by Robert W. Baird

Dutch Bros (NYSE:BROS) was upgraded by Robert W. Baird to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also weighed in on BROS. DA Davidson lowered their price objective on shares of Dutch Bros from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. TD Cowen reiterated a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a report on Wednesday, June 10th. Freedom Capital upgraded Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Telsey Advisory Group lifted their target price on Dutch Bros from $66.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, KeyCorp lifted their target price on Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.15.

Dutch Bros Stock Down 1.6%

BROS stock opened at $51.11 on Monday. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 70.98, a P/E/G ratio of 1.85 and a beta of 2.32. Dutch Bros has a twelve month low of $44.58 and a twelve month high of $74.65. The business has a 50 day moving average price of $62.56 and a two-hundred day moving average price of $56.82. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company had revenue of $550.85 million during the quarter, compared to the consensus estimate of $525.38 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. Analysts anticipate that Dutch Bros will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the transaction, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the business’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 completion of the transaction, the chairman directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. This trade represents a 23.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,351,718 shares of company stock worth $201,734,008. Company insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of large investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of Dutch Bros by 7,083.4% in the 2nd quarter. California State Teachers Retirement System now owns 10,560,379 shares of the company’s stock valued at $758,341,000 after buying an additional 10,413,368 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Dutch Bros by 15.1% during the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock worth $189,677,000 after acquiring an additional 407,528 shares in the last quarter. Wellington Management Group LLP increased its stake in Dutch Bros by 38.0% in the second quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock valued at $221,956,000 after acquiring an additional 851,075 shares during the last quarter. Invesco Ltd. increased its stake in Dutch Bros by 4.0% in the third quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after acquiring an additional 93,515 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Dutch Bros by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after purchasing an additional 39,349 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

About Dutch Bros

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.