Dutch Bros (NYSE:BROS – Get Rating) announced its quarterly earnings data on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02), Briefing.com reports. Dutch Bros had a negative net margin of 2.54% and a positive return on equity of 0.55%. The company had revenue of $186.38 million for the quarter, compared to analysts' expectations of $182.56 million. The firm's quarterly revenue was up 44.2% on a year-over-year basis.
Dutch Bros Stock Performance
Shares of NYSE:BROS traded down $0.90 on Friday, hitting $45.39. 10,452 shares of the company's stock were exchanged, compared to its average volume of 823,434. Dutch Bros has a 12 month low of $20.05 and a 12 month high of $81.40. The business's 50 day simple moving average is $37.10 and its two-hundred day simple moving average is $44.36. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 1.13.
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Insider Transactions at Dutch Bros
In related news, COO Brian Maxwell sold 48,000 shares of Dutch Bros stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $40.12, for a total value of $1,925,760.00. Following the completion of the sale, the chief operating officer now directly owns 1,171,620 shares in the company, valued at $47,005,394.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Brian Maxwell sold 48,000 shares of the business's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $40.12, for a total transaction of $1,925,760.00. Following the sale, the chief operating officer now owns 1,171,620 shares in the company, valued at $47,005,394.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen Gillett bought 4,725 shares of the company's stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average price of $26.29 per share, for a total transaction of $124,220.25. Following the transaction, the director now owns 4,725 shares of the company's stock, valued at $124,220.25. The disclosure for this purchase can be found here. Corporate insiders own 49.30% of the company's stock.
Institutional Trading of Dutch Bros
Several large investors have recently made changes to their positions in BROS. Geneos Wealth Management Inc. acquired a new position in Dutch Bros during the 1st quarter worth about $153,000. SkyView Investment Advisors LLC acquired a new position in Dutch Bros during the first quarter worth approximately $202,000. Gilder Gagnon Howe & Co. LLC increased its position in Dutch Bros by 57.1% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 4,929 shares of the company's stock worth $272,000 after buying an additional 1,791 shares during the period. First Republic Investment Management Inc. acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $345,000. Finally, Verition Fund Management LLC acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $393,000.
Wall Street Analysts Forecast Growth
BROS has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of Dutch Bros from $44.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. lowered shares of Dutch Bros from an "overweight" rating to a "neutral" rating and set a $40.00 target price for the company. in a report on Wednesday, June 8th. They noted that the move was a valuation call. Robert W. Baird raised their target price on shares of Dutch Bros from $30.00 to $46.00 in a report on Thursday. Cowen cut their target price on shares of Dutch Bros from $65.00 to $35.00 in a report on Thursday, May 12th. Finally, Bank of America cut their target price on shares of Dutch Bros from $80.00 to $64.00 in a report on Thursday, May 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.60.
Dutch Bros Company Profile
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Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.
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