Recent Investment Analysts’ Ratings Changes for Dutch Bros (BROS)

Several analysts have recently updated their ratings and price targets for Dutch Bros (NYSE: BROS):

• 4/5/2024 – Dutch Bros had its “neutral” rating reaffirmed by analysts at Guggenheim. They now have a $30.00 price target on the stock.
• 4/3/2024 – Dutch Bros had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $37.00 price target on the stock.
• 4/3/2024 – Dutch Bros had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $40.00 price target on the stock.
• 3/19/2024 – Dutch Bros had its price target raised by analysts at JPMorgan Chase & Co. from $34.00 to $40.00. They now have an “overweight” rating on the stock.
• 3/4/2024 – Dutch Bros was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $37.00 price target on the stock, up previously from $32.00.
• 2/22/2024 – Dutch Bros had its “outperform” rating reaffirmed by analysts at William Blair.
• 2/22/2024 – Dutch Bros had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $37.00 price target on the stock.
• 2/22/2024 – Dutch Bros had its “market perform” rating reaffirmed by analysts at TD Cowen. They now have a $33.00 price target on the stock.
• 2/22/2024 – Dutch Bros had its price target lowered by analysts at Barclays PLC from $31.00 to $30.00. They now have an “equal weight” rating on the stock.
• 2/22/2024 – Dutch Bros had its price target raised by analysts at Stifel Nicolaus from $35.00 to $40.00. They now have a “buy” rating on the stock.

Dutch Bros Stock Down 1.6 %

Shares of BROS traded down $0.54 during trading hours on Monday, hitting $32.33. The stock had a trading volume of 1,317,219 shares, compared to its average volume of 1,999,770. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. The firm has a 50 day simple moving average of $30.21 and a 200-day simple moving average of $28.38. The firm has a market capitalization of $5.73 billion, a P/E ratio of 1,077.67 and a beta of 2.41. Dutch Bros Inc. has a 1-year low of $22.67 and a 1-year high of $36.17.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. The business had revenue of $254.12 million for the quarter, compared to analysts’ expectations of $254.80 million. Sell-side analysts predict that Dutch Bros Inc. will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 98,017 shares of Dutch Bros stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the transaction, the chairman now owns 672,439 shares of the company’s stock, valued at approximately $24,234,701.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of Dutch Bros stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $5,682,234.18. Following the sale, the insider now owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 98,017 shares of Dutch Bros stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $36.04, for a total transaction of $3,532,532.68. Following the completion of the sale, the chairman now directly owns 672,439 shares in the company, valued at approximately $24,234,701.56. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock valued at $561,438,392 in the last 90 days. 49.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BROS. Bank of New York Mellon Corp grew its stake in Dutch Bros by 130.5% in the 1st quarter. Bank of New York Mellon Corp now owns 62,839 shares of the company’s stock valued at $3,474,000 after buying an additional 35,574 shares in the last quarter. HighTower Advisors LLC grew its stake in Dutch Bros by 7.9% in the 1st quarter. HighTower Advisors LLC now owns 8,894 shares of the company’s stock valued at $493,000 after buying an additional 651 shares in the last quarter. Blair William & Co. IL grew its stake in Dutch Bros by 422.9% in the 1st quarter. Blair William & Co. IL now owns 182,592 shares of the company’s stock valued at $10,092,000 after buying an additional 147,673 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Dutch Bros during the 1st quarter valued at $943,000. Finally, Cetera Investment Advisers grew its position in shares of Dutch Bros by 96.3% during the 1st quarter. Cetera Investment Advisers now owns 9,354 shares of the company’s stock valued at $517,000 after purchasing an additional 4,590 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.