Dutch Bros (NYSE:BROS) Earns Hold Rating from TD Cowen

TD Cowen reiterated their hold rating on shares of Dutch Bros (NYSE:BROS) in a research report sent to investors on Friday, Benzinga reports. They currently have a $33.00 price objective on the stock.

Several other analysts have also weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the company an overweight rating in a research report on Tuesday, March 19th. Barclays reduced their price target on shares of Dutch Bros from $31.00 to $30.00 and set an equal weight rating on the stock in a research report on Thursday, February 22nd. Piper Sandler upgraded shares of Dutch Bros from a neutral rating to an overweight rating and boosted their price target for the company from $32.00 to $37.00 in a research report on Monday, March 4th. Stifel Nicolaus restated a buy rating and issued a $40.00 price target on shares of Dutch Bros in a research report on Wednesday, April 3rd. Finally, William Blair restated an outperform rating on shares of Dutch Bros in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Dutch Bros presently has a consensus rating of Moderate Buy and an average price target of $34.44.

Dutch Bros Price Performance

Shares of Dutch Bros stock opened at $28.57 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.49. The firm’s 50-day simple moving average is $31.25 and its 200-day simple moving average is $29.00. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $36.17. The firm has a market cap of $5.06 billion, a P/E ratio of 952.33, a price-to-earnings-growth ratio of 4.48 and a beta of 2.41.

Dutch Bros (NYSE:BROS) last issued its 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 analyst estimates of $254.80 million. As a group, research analysts expect that Dutch Bros will post 0.26 EPS for the current fiscal year.

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 404,950 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the transaction, the chairman now directly owns 1,378,683 shares in the company, valued at $38,685,844.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Travis Boersma sold 404,950 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the transaction, the chairman now directly owns 1,378,683 shares in the company, valued at $38,685,844.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,907,188 shares of company stock worth $561,438,392. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in shares of Dutch Bros by 42.9% during the third quarter. FMR LLC now owns 8,581,751 shares of the company’s stock worth $199,526,000 after buying an additional 2,578,145 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Dutch Bros by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock worth $150,447,000 after buying an additional 135,918 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of Dutch Bros during the first quarter worth approximately $41,988,000. American Century Companies Inc. raised its stake in shares of Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after buying an additional 773,616 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Dutch Bros during the third quarter worth approximately $11,549,000. 85.54% of the stock is 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.