Dutch Bros (NYSE:BROS) Given Buy Rating at TD Cowen

TD Cowen reiterated their buy rating on shares of Dutch Bros (NYSE:BROS) in a research note published on Thursday, Benzinga reports. They currently have a $47.00 price objective on the stock.

Several other equities research analysts have also weighed in on BROS. UBS Group upgraded Dutch Bros from a neutral rating to a buy rating and set a $39.00 price objective on the stock in a research note on Thursday, August 15th. Wedbush reiterated an outperform rating and set a $45.00 price objective on shares of Dutch Bros in a research note on Thursday, August 8th. Bank of America boosted their target price on shares of Dutch Bros from $44.00 to $49.00 and gave the company a buy rating in a research note on Monday, June 10th. Stifel Nicolaus dropped their target price on shares of Dutch Bros from $40.00 to $38.00 and set a buy rating for the company in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dutch Bros from $40.00 to $44.00 and gave the company an overweight rating in a report on Monday, June 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $39.73.

Dutch Bros Stock Up 0.1 %

Shares of BROS stock opened at $34.01 on Thursday. Dutch Bros has a one year low of $22.67 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The stock has a fifty day moving average price of $34.96 and a 200 day moving average price of $34.53. The stock has a market cap of $6.03 billion, a P/E ratio of 188.94, a price-to-earnings-growth ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. Analysts predict that Dutch Bros will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares in the company, valued at $14,764,404.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the sale, the insider now directly owns 467,228 shares of the company’s stock, valued at $14,764,404.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,096,452 shares of company stock valued at $35,018,776. 46.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP acquired a new stake in Dutch Bros in the first quarter worth $41,988,000. Neuberger Berman Group LLC increased its position in shares of Dutch Bros by 17.7% in the 4th quarter. Neuberger Berman Group LLC now owns 27,759 shares of the company’s stock valued at $879,000 after buying an additional 4,170 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Dutch Bros during the 1st quarter worth $4,430,000. Janney Montgomery Scott LLC lifted its holdings in Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock worth $901,000 after acquiring an additional 13,395 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Dutch Bros during the first quarter worth about $200,000. Institutional investors own 85.54% of the company’s stock.

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.