Robert W. Baird Cuts Dutch Bros (NYSE:BROS) Price Target to $60.00

Dutch Bros (NYSE:BROS) had its price objective reduced by Robert W. Baird from $82.00 to $60.00 in a research report released on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

Several other brokerages have also commented on BROS. Freedom Capital raised Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. Morgan Stanley upped their target price on shares of Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. UBS Group reiterated a “neutral” rating on shares of Dutch Bros in a research note on Thursday, September 10th. JPMorgan Chase & Co. lowered their price target on shares of Dutch Bros from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Finally, Raymond James Financial set a $59.00 price objective on shares of Dutch Bros in a research note on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.88.

Dutch Bros Stock Up 0.0%

BROS stock opened at $38.69 on Friday. Dutch Bros has a fifty-two week low of $37.40 and a fifty-two week high of $74.02. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 53.73, a price-to-earnings-growth ratio of 1.37 and a beta of 2.31. The business’s 50 day moving average price is $48.77 and its two-hundred day moving average price is $55.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.19 and a current ratio of 1.35.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a return on equity of 10.01% and a net margin of 4.91%.The company had revenue of $550.85 million during the quarter, compared to analysts’ expectations of $525.38 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. As a group, analysts forecast that Dutch Bros will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Todd Penegor bought 2,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average cost of $51.56 per share, with a total value of $103,120.00. Following the completion of the purchase, the director owned 7,358 shares in the company, valued at approximately $379,378.48. The trade was a 37.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 38.90% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its position in Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock valued at $221,956,000 after purchasing an additional 851,075 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dutch Bros by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock worth $138,699,000 after buying an additional 39,349 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Dutch Bros by 33.4% in the first quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock worth $91,939,000 after buying an additional 454,036 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Dutch Bros in the fourth quarter worth approximately $108,948,000. Finally, Norges Bank purchased a new stake in shares of Dutch Bros during the fourth quarter valued at approximately $96,951,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros News Summary

Here are the key news stories impacting Dutch Bros this week:

• Positive Sentiment: Baird maintains an “outperform” rating. Robert W. Baird reduced its price target from $82 to $60, but the new target still implies substantial upside from the stock’s recent level. The cut reflects more conservative expectations rather than a bearish rating change. Baird price-target update
• Positive Sentiment: Store expansion continues. Dutch Bros opened locations in West Des Moines and Corpus Christi, supporting the company’s national growth strategy and potentially increasing long-term sales and brand awareness. West Des Moines store opening Corpus Christi store opening
• Positive Sentiment: Management is pursuing new store formats. The company is testing walk-up-only locations in addition to its drive-through model, potentially broadening its customer base and improving access in denser areas. Dutch Bros walk-up locations
• Neutral Sentiment: Oppenheimer remains constructive but has lowered expectations. Its revised outlook highlights a wide gap between the current share price and its valuation view, but the reduction signals that analysts are becoming more cautious about near-term performance. Oppenheimer Dutch Bros outlook
• Negative Sentiment: Multiple analysts have issued more pessimistic forecasts. JPMorgan, Jefferies and Oppenheimer have lowered expectations or price targets, adding pressure to a stock already trading well below its 52-week high. JPMorgan forecast Jefferies forecast

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates the Dutch Bros coffeehouse brand. The company serves a broad menu of handcrafted beverages, including specialty coffees, cold brews, teas, energy drinks, lemonades, smoothies and flavored sodas, along with a selection of snacks and other food items.

Dutch Bros was founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon. From its original pushcart operation, the company developed a drive-thru-focused model built around convenience, customized drinks and customer service.