Dutch Bros (NYSE:BROS) Upgraded to Strong-Buy at Robert W. Baird

Robert W. Baird upgraded shares of Dutch Bros (NYSE:BROS) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other research analysts have also issued research reports about the company. UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a research report on Tuesday, July 28th. Royal Bank Of Canada dropped their target price on Dutch Bros from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Stephens reissued an “overweight” rating and issued a $80.00 target price on shares of Dutch Bros in a research note on Thursday, August 6th. Piper Sandler raised their price target on Dutch Bros from $61.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $73.00 price target on shares of Dutch Bros in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.15.

Dutch Bros Stock Down 1.6%

Shares of Dutch Bros stock opened at $51.11 on Monday. Dutch Bros has a 1 year low of $44.58 and a 1 year high of $74.65. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 70.98, a PEG ratio of 1.85 and a beta of 2.32. The company has a 50-day moving average of $62.56 and a 200 day moving average of $56.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The business had revenue of $550.85 million for the quarter, compared to analysts’ expectations of $525.38 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The business’s revenue was up 32.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dutch Bros will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dutch Bros news, 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 transaction of $16,451,686.10. Following the sale, the insider directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. This trade represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of Dutch Bros 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 completion of the sale, the chairman directly owned 2,410,800 shares of the company’s stock, valued at approximately $151,928,616. The trade was a 23.73% 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. Over the last 90 days, insiders sold 3,351,718 shares of company stock valued at $201,734,008. 38.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new position in Dutch Bros in the 1st quarter worth about $318,000. Empowered Funds LLC grew its stake in shares of Dutch Bros by 15.9% in the first quarter. Empowered Funds LLC now owns 33,843 shares of the company’s stock worth $2,089,000 after acquiring an additional 4,633 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Dutch Bros by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after purchasing an additional 22,323 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Dutch Bros by 24.2% during the second quarter. California Public Employees Retirement System now owns 198,895 shares of the company’s stock valued at $13,598,000 after purchasing an additional 38,697 shares during the last quarter. Finally, State Street Corp lifted its position in Dutch Bros by 6.6% during the second quarter. State Street Corp now owns 1,978,441 shares of the company’s stock valued at $135,266,000 after purchasing an additional 121,683 shares during the period. 85.54% of the stock is owned by institutional investors.

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.