Q4 Earnings Forecast for Dutch Bros Issued By William Blair

Dutch Bros Inc. (NYSE:BROS) – Equities researchers at William Blair decreased their Q4 2024 earnings per share (EPS) estimates for Dutch Bros in a research note issued to investors on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.01. The consensus estimate for Dutch Bros’ current full-year earnings is $0.32 per share.

Several other equities analysts also recently issued reports on BROS. UBS Group upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, August 15th. Wedbush reissued an “outperform” rating and issued a $45.00 target price on shares of Dutch Bros in a research report on Monday, October 14th. TD Cowen reaffirmed a “buy” rating and set a $47.00 price target on shares of Dutch Bros in a research report on Thursday, September 12th. 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, Piper Sandler cut shares of Dutch Bros from an “overweight” rating to a “neutral” rating and cut their target price for the company from $41.00 to $36.00 in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Dutch Bros Stock Up 0.4 %

Shares of NYSE:BROS opened at $35.53 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $32.82 and a 200-day simple moving average of $34.78. The company has a market capitalization of $6.30 billion, a PE ratio of 197.39, a P/E/G ratio of 2.55 and a beta of 2.49. Dutch Bros has a twelve month low of $23.31 and a twelve month high of $43.49.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share 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 analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP purchased a new stake in Dutch Bros in the 1st quarter valued at approximately $41,988,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Dutch Bros in the first quarter valued at $4,430,000. Janney Montgomery Scott LLC boosted its stake in shares of Dutch Bros by 96.4% during the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after acquiring an additional 13,395 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Dutch Bros during the 1st quarter worth about $200,000. Finally, 1832 Asset Management L.P. acquired a new position in Dutch Bros in the 2nd quarter valued at about $4,339,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the firm’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 completion of the sale, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.00, for a total value of $57,600.00. Following the sale, the insider now owns 712,819 shares in the company, valued at $22,810,208. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 in the company, valued at approximately $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,128,885 shares of company stock valued at $36,124,009. Corporate insiders own 46.50% 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.