Brokerages Set Dutch Bros Inc. (NYSE:BROS) Price Target at $76.73

Shares of Dutch Bros Inc. (NYSE:BROS) have been given a consensus rating of “Moderate Buy” by the twenty-four brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $76.7273.

A number of equities analysts recently issued reports on BROS shares. TD Cowen restated a “buy” rating and set a $73.00 price objective on shares of Dutch Bros in a report on Friday, February 13th. Wolfe Research assumed coverage on Dutch Bros in a research report on Monday, March 9th. They set an “outperform” rating and a $77.00 target price for the company. Mizuho boosted their target price on shares of Dutch Bros from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. UBS Group restated a “buy” rating on shares of Dutch Bros in a report on Monday, February 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $85.00 price objective on shares of Dutch Bros in a report on Friday, February 13th.

Dutch Bros Price Performance

Dutch Bros stock opened at $47.97 on Tuesday. Dutch Bros has a 12-month low of $46.52 and a 12-month high of $77.88. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $53.72 and a 200-day moving average price of $56.42. The firm has a market capitalization of $7.89 billion, a PE ratio of 74.95, a price-to-earnings-growth ratio of 1.86 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $424.44 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. As a group, equities research analysts forecast that Dutch Bros will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Dutch Bros by 56.5% during the third quarter. Envestnet Asset Management Inc. now owns 109,530 shares of the company’s stock valued at $5,733,000 after buying an additional 39,561 shares during the period. JPMorgan Chase & Co. boosted its position in Dutch Bros by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock valued at $10,714,000 after acquiring an additional 49,194 shares in the last quarter. Thornburg Investment Management Inc. boosted its position in Dutch Bros by 143.9% during the 3rd quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the company’s stock valued at $4,067,000 after acquiring an additional 45,847 shares in the last quarter. Savoir Faire Capital Management L.P. increased its holdings in shares of Dutch Bros by 29.9% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 112,783 shares of the company’s stock valued at $5,903,000 after acquiring an additional 25,935 shares during the period. Finally, Magnetar Financial LLC increased its holdings in shares of Dutch Bros by 107.2% in the 3rd quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock valued at $7,358,000 after acquiring an additional 72,751 shares during the period. 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.