Dutch Bros (NYSE:BROS) Downgraded to Neutral at Piper Sandler

Dutch Bros (NYSE:BROS) was downgraded by equities researchers at Piper Sandler from an “overweight” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $36.00 price objective on the stock, down from their prior price objective of $41.00. Piper Sandler’s target price indicates a potential upside of 17.11% from the stock’s current price.

A number of other research firms also recently issued reports on BROS. Barclays reduced their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Bank of America lifted their target price on Dutch Bros from $44.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. upped their target price on Dutch Bros from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, June 3rd. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, August 15th. Finally, Robert W. Baird lowered their price objective on Dutch Bros from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.73.

Dutch Bros Stock Performance

Shares of BROS stock opened at $30.74 on Monday. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 170.78, a PEG ratio of 4.71 and a beta of 2.53. Dutch Bros has a one year low of $22.67 and a one year high of $43.49. The company’s 50-day simple moving average is $38.03 and its 200-day simple moving average is $34.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.98 and a current ratio of 2.29.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. Equities analysts anticipate that Dutch Bros will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In related news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $36.02, for a total value of $592,601.04. Following the sale, the insider now directly owns 634,543 shares in the company, valued at approximately $22,856,238.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Travis Boersma sold 264,798 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $36.20, for a total transaction of $9,585,687.60. Following the completion of the sale, the chairman now directly owns 634,543 shares of the company’s stock, valued at $22,970,456.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of Dutch Bros stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total value of $592,601.04. Following the completion of the transaction, the insider now directly owns 634,543 shares in the company, valued at approximately $22,856,238.86. The disclosure for this sale can be found here. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Hedge funds have recently bought and sold shares of the company. Creative Planning increased its position in shares of Dutch Bros by 5.6% in the second quarter. Creative Planning now owns 7,673 shares of the company’s stock worth $318,000 after acquiring an additional 405 shares in the last quarter. Keudell Morrison Wealth Management lifted its position in shares of Dutch Bros by 5.2% in the 2nd quarter. Keudell Morrison Wealth Management now owns 10,546 shares of the company’s stock valued at $437,000 after acquiring an additional 524 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in Dutch Bros in the 2nd quarter worth approximately $27,000. Wealth Management Partners LLC grew its position in Dutch Bros by 4.2% during the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after purchasing an additional 756 shares in the last quarter. Finally, Quest Partners LLC raised its stake in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

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.