Dutch Bros Inc. (NYSE:BROS) Receives $77.50 Average Target Price from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS) have been given a consensus recommendation of “Moderate Buy” by the twenty-four research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $77.8636.

BROS has been the subject of several analyst reports. Oppenheimer raised their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Barclays reduced their price objective on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. KeyCorp raised their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Stephens began coverage on Dutch Bros in a research report on Thursday, July 16th. They set an “overweight” rating and a $80.00 target price for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Dutch Bros in a report on Wednesday, May 20th.

Dutch Bros Stock Performance

NYSE:BROS opened at $65.86 on Monday. The stock’s fifty day moving average is $64.41 and its 200 day moving average is $57.50. Dutch Bros has a fifty-two week low of $44.58 and a fifty-two week high of $74.65. The firm has a market capitalization of $11.50 billion, a PE ratio of 102.91, a PEG ratio of 1.99 and a beta of 2.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.69 million. During the same period last year, the company earned $0.14 earnings per share. Dutch Bros’s revenue was up 30.7% on a year-over-year basis. On average, sell-side analysts anticipate that Dutch Bros will post 0.84 earnings per share for the current year.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 750,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the transaction, the chairman owned 2,410,800 shares of the company’s stock, valued at $151,928,616. This represents a 23.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 261,055 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $16,451,686.10. Following the completion of the sale, the insider owned 2,410,800 shares in the company, valued at approximately $151,928,616. The trade was a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hyperion Asset Management Ltd bought a new stake in Dutch Bros during the 2nd quarter valued at about $42,946,000. Wasatch Advisors LP grew its stake in Dutch Bros by 17.8% in the 2nd quarter. Wasatch Advisors LP now owns 1,038,903 shares of the company’s stock worth $74,604,000 after acquiring an additional 157,098 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Dutch Bros by 7.1% during the second quarter. Handelsbanken Fonder AB now owns 34,600 shares of the company’s stock valued at $2,485,000 after acquiring an additional 2,300 shares in the last quarter. Gradient Investments LLC bought a new stake in shares of Dutch Bros during the second quarter valued at approximately $979,000. Finally, Balefire LLC purchased a new stake in shares of Dutch Bros in the second quarter valued at approximately $222,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

About Dutch Bros

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.