KeyCorp Issues Pessimistic Forecast for Dutch Bros (NYSE:BROS) Stock Price

Dutch Bros (NYSE:BROS) had its target price reduced by stock analysts at KeyCorp from $59.00 to $52.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp‘s price target indicates a potential upside of 42.75% from the company’s current price.

BROS has been the topic of several other reports. Wells Fargo & Company reduced their price objective on Dutch Bros from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday. Melius Research dropped their price target on Dutch Bros from $95.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, September 18th. Royal Bank Of Canada downgraded Dutch Bros from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $70.00 to $46.00 in a research report on Thursday, October 22nd. Stephens cut their price target on Dutch Bros from $65.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley decreased their price objective on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.46.

Dutch Bros Trading Down 17.2%

Shares of NYSE:BROS traded down $7.56 during trading on Thursday, hitting $36.43. The company had a trading volume of 2,471,094 shares, compared to its average volume of 4,311,723. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 50.46, a price-to-earnings-growth ratio of 1.36 and a beta of 1.97. Dutch Bros has a one year low of $36.06 and a one year high of $74.02. The company has a fifty day simple moving average of $42.11 and a two-hundred day simple moving average of $53.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The company had revenue of $549.84 million for the quarter, compared to analyst estimates of $548.27 million. During the same period in the prior year, the company posted $0.19 EPS. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, equities analysts forecast that Dutch Bros will post 0.88 earnings per share for the current year.

Insider Activity at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the completion of the transaction, 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. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 1,032,216 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the completion of the transaction, the chairman owned 1,366,580 shares of the company’s stock, valued at approximately $61,127,123.40. This represents a 43.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 4,044,220 shares of company stock worth $179,732,644. 38.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 851,075 shares during the period. Bank of America Corp DE increased its stake 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. Wasatch Advisors LP increased its stake in Dutch Bros by 17.8% during the 2nd quarter. Wasatch Advisors LP now owns 1,038,903 shares of the company’s stock worth $74,604,000 after buying an additional 157,098 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Dutch Bros by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,204,326 shares of the company’s stock worth $60,994,000 after buying an additional 37,683 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Dutch Bros by 58.1% during the 1st 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 hedge funds and other institutional investors.

Key Dutch Bros News

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

• Positive Sentiment: Third-quarter adjusted earnings were $0.25 per share, above the $0.24 consensus, while revenue of $549.8 million edged past estimates and grew 29.8% year over year. Dutch Bros Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Dutch Bros is planning about 250 system shop openings in 2027 and expects at least $2.1 billion in 2026 revenue. Reports also point to hot food and delivery plans for 2027, offering potential avenues for growth. Dutch Bros revenue and shop-opening plans
• Neutral Sentiment: Stephens lowered its target from $65 to $47 but kept an Overweight rating; TD Cowen cut its target from $55 to $50 and maintained Buy. Both targets remain above the referenced $43.90 share price. Analysts cut forecasts after Q3 results
• Negative Sentiment: Slowing Q3 traffic and a narrowed sales forecast—reported as below Wall Street expectations—appear to have outweighed the earnings beat and fueled investor concern about near-term growth. Dutch Bros Q3 traffic slows and outlook is trimmed
• Negative Sentiment: Chairman Travis Boersma sold roughly 2.39 million shares for about $106 million across three days. The sales were made under a pre-arranged Rule 10b5-1 plan, but their size may still weigh on sentiment. 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.