Brokerages Set Dutch Bros Inc. (NYSE:BROS) Target Price at $77.05

Shares of Dutch Bros Inc. (NYSE:BROSGet Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $77.05.

A number of brokerages have issued reports on BROS. Zacks Research cut Dutch Bros from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Evercore set a $73.00 price objective on shares of Dutch Bros in a research report on Monday, January 5th. Citigroup dropped their price objective on Dutch Bros from $82.00 to $81.00 and set a “buy” rating for the company in a report on Friday, February 13th. Mizuho lifted their target price on shares of Dutch Bros from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research note on Friday, February 13th.

Read Our Latest Stock Analysis on Dutch Bros

Dutch Bros Stock Performance

Shares of NYSE BROS opened at $53.64 on Friday. The business has a fifty day simple moving average of $58.01 and a 200 day simple moving average of $58.54. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 83.82, a PEG ratio of 1.92 and a beta of 2.54. Dutch Bros has a one year low of $46.52 and a one year high of $80.62. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22.

Dutch Bros (NYSE:BROSGet Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $443.61 million for the quarter, compared to analyst estimates of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The firm’s revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS. Sell-side analysts expect that Dutch Bros will post 0.57 EPS for the current year.

Key Headlines Impacting Dutch Bros

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

Institutional Trading of Dutch Bros

A number of large investors have recently bought and sold shares of the business. Osterweis Capital Management Inc. bought a new stake in Dutch Bros in the 2nd quarter valued at $27,000. Brown Lisle Cummings Inc. acquired a new position in shares of Dutch Bros during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. increased its holdings in Dutch Bros by 557.4% during the second quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after buying an additional 379 shares during the last quarter. Ankerstar Wealth LLC acquired a new position in shares of Dutch Bros during the 4th quarter worth about $31,000. Finally, Quarry LP raised its stake in Dutch Bros by 83.5% in the fourth quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after buying an additional 273 shares during the period. 85.54% of the stock is owned by institutional investors.

Dutch Bros Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Dutch Bros (NYSE:BROS)

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