Dutch Bros (NYSE:BROS) Now Covered by Wolfe Research

Equities researchers at Wolfe Research initiated coverage on shares of Dutch Bros (NYSE:BROS) in a report issued on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $77.00 price target on the stock. Wolfe Research’s target price points to a potential upside of 49.69% from the stock’s current price.

BROS has been the topic of several other research reports. Evercore set a $73.00 price target on shares of Dutch Bros in a report on Monday, January 5th. Barclays raised their price objective on shares of Dutch Bros from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. UBS Group restated a “buy” rating on shares of Dutch Bros in a research note on Monday, February 9th. KeyCorp reaffirmed an “overweight” rating on shares of Dutch Bros in a report on Friday, January 9th. Finally, Citigroup cut their price target on Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Dutch Bros has a consensus rating of “Moderate Buy” and an average price target of $76.73.

Dutch Bros Stock Down 5.6%

NYSE BROS opened at $51.44 on Monday. Dutch Bros has a 52 week low of $46.52 and a 52 week high of $77.88. The company has a quick ratio of 1.28, a current ratio of 1.49 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $8.46 billion, a P/E ratio of 80.38, a price-to-earnings-growth ratio of 1.84 and a beta of 2.54. The stock’s 50-day moving average price is $56.92 and its 200-day moving average price is $58.16.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $443.61 million during the quarter, compared to the consensus estimate of $424.44 million. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The firm’s revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. On average, equities research analysts predict that Dutch Bros will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of BROS. Mengis Capital Management Inc. purchased a new position in Dutch Bros during the fourth quarter valued at $247,000. Alpine Global Management LLC purchased a new stake in Dutch Bros in the 4th quarter worth $220,000. Tempo Wealth LLC purchased a new stake in Dutch Bros in the 4th quarter worth $203,000. Virtu Financial LLC boosted its holdings in shares of Dutch Bros by 62.2% during the 4th quarter. Virtu Financial LLC now owns 24,519 shares of the company’s stock valued at $1,501,000 after purchasing an additional 9,404 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Dutch Bros during the 4th quarter valued at about $397,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.