Dutch Bros (NYSE:BROS) Now Covered by Analysts at DA Davidson

Analysts at DA Davidson initiated coverage on shares of Dutch Bros (NYSE:BROS) in a research note issued to investors on Friday,Benzinga reports. The firm set a “buy” rating on the stock.

BROS has been the subject of a number of other research reports. The Goldman Sachs Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday. KeyCorp reissued an “overweight” rating on shares of Dutch Bros in a research report on Friday, January 9th. Citigroup reduced their target price on shares of Dutch Bros from $82.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research report on Wednesday, January 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $85.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.20.

Dutch Bros Stock Up 3.6%

Shares of Dutch Bros stock opened at $54.61 on Friday. 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 has a 12-month low of $46.52 and a 12-month high of $77.88. The company has a market cap of $8.99 billion, a P/E ratio of 85.33, a PEG ratio of 1.88 and a beta of 2.54. The company’s fifty day simple moving average is $57.17 and its two-hundred day simple moving average is $58.33.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BROS. RiverPark Advisors LLC increased its holdings in Dutch Bros by 4.8% in the 2nd quarter. RiverPark Advisors LLC now owns 3,966 shares of the company’s stock worth $271,000 after buying an additional 181 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Dutch Bros by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock valued at $1,319,000 after acquiring an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Dutch Bros by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock worth $975,000 after acquiring an additional 200 shares during the period. Moody Lynn & Lieberson LLC grew its stake in shares of Dutch Bros by 3.9% in the third quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock worth $282,000 after acquiring an additional 204 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Dutch Bros by 31.5% during the third quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 205 shares during the last quarter. 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.