Dutch Bros (NYSE:BROS) Earns “Buy” Rating from TD Cowen

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

Several other equities analysts have also commented on BROS. Piper Sandler lowered shares of Dutch Bros from an overweight rating to a neutral rating and lowered their price target for the stock from $41.00 to $36.00 in a research report on Monday, August 19th. Wedbush restated an outperform rating and issued a $45.00 target price on shares of Dutch Bros in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on Dutch Bros from $40.00 to $44.00 and gave the company an overweight rating in a report on Monday, June 3rd. Stifel Nicolaus decreased their price objective on Dutch Bros from $40.00 to $38.00 and set a buy rating for the company in a report on Thursday, August 8th. Finally, Guggenheim raised Dutch Bros from a neutral rating to a buy rating in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $39.73.

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $34.01 on Thursday. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average price is $34.96 and its two-hundred day moving average price is $34.50. Dutch Bros has a 52-week low of $22.67 and a 52-week high of $43.49. The stock has a market capitalization of $5.24 billion, a P/E ratio of 188.95, a P/E/G ratio of 2.70 and a beta of 2.49.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, sell-side analysts forecast that Dutch Bros will post 0.32 earnings per share for the current year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the sale, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of Dutch Bros stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $32.39, for a total value of $6,038,079.02. Following the transaction, the insider now owns 512,300 shares of the company’s stock, valued at approximately $16,593,397. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chairman now owns 467,228 shares in the company, valued at $14,759,732.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,096,452 shares of company stock valued at $35,018,776. 46.50% of the stock is owned by corporate insiders.

Institutional Trading of Dutch Bros

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Dutch Bros by 35.0% during the 1st quarter. Vanguard Group Inc. now owns 6,412,246 shares of the company’s stock valued at $211,604,000 after acquiring an additional 1,661,778 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Dutch Bros during the second quarter valued at $57,435,000. Wasatch Advisors LP acquired a new position in shares of Dutch Bros in the 1st quarter valued at $41,988,000. Concurrent Investment Advisors LLC increased its stake in Dutch Bros by 846.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,240,399 shares of the company’s stock worth $51,353,000 after purchasing an additional 1,109,370 shares in the last quarter. Finally, Joho Capital LLC raised its holdings in Dutch Bros by 428.9% during the 1st quarter. Joho Capital LLC now owns 1,364,514 shares of the company’s stock worth $45,029,000 after buying an additional 1,106,511 shares during the period. 85.54% of the stock is currently owned by institutional investors.

About Dutch Bros

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.