Shares of Dutch Bros Inc. (NYSE:BROS – Get Rating) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $47.60.
A number of analysts have recently commented on the company. Cowen dropped their price target on Dutch Bros from $65.00 to $35.00 in a research report on Thursday, May 12th. JPMorgan Chase & Co. cut Dutch Bros from an "overweight" rating to a "neutral" rating and set a $40.00 price target on the stock. in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Bank of America dropped their price target on Dutch Bros from $80.00 to $64.00 in a research report on Thursday, May 12th. Robert W. Baird upped their price objective on Dutch Bros from $30.00 to $46.00 in a research report on Thursday. Finally, Barclays upped their price objective on Dutch Bros from $34.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday.
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BROS stock opened at $46.70 on Friday. Dutch Bros has a fifty-two week low of $20.05 and a fifty-two week high of $81.40. The business's 50 day moving average price is $37.20 and its two-hundred day moving average price is $44.31. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 1.13.
Dutch Bros (NYSE:BROS – Get Rating) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Dutch Bros had a positive return on equity of 0.55% and a negative net margin of 2.54%. The company had revenue of $186.38 million during the quarter, compared to the consensus estimate of $182.56 million. Dutch Bros's quarterly revenue was up 44.2% on a year-over-year basis. Sell-side analysts forecast that Dutch Bros will post -0.02 EPS for the current year.Insider Activity
In other news, COO Brian Maxwell sold 48,000 shares of the stock in a transaction on 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 transaction, the chief operating officer now directly owns 1,171,620 shares of the company's stock, valued at approximately $47,005,394.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Stephen Gillett purchased 4,725 shares of the stock in a transaction dated Monday, May 16th. The shares were purchased at an average cost of $26.29 per share, with a total value of $124,220.25. Following the acquisition, the director now directly owns 4,725 shares of the company's stock, valued at $124,220.25. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Brian Maxwell sold 48,000 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $40.12, for a total value of $1,925,760.00. Following the transaction, the chief operating officer now directly owns 1,171,620 shares in the company, valued at $47,005,394.40. The disclosure for this sale can be found here. Insiders own 49.30% of the company's stock.
Institutional Investors Weigh In On Dutch Bros
Hedge funds and other institutional investors have recently modified their holdings of the stock. National Asset Management Inc. purchased a new stake in shares of Dutch Bros in the 4th quarter worth $267,000. CIBC Asset Management Inc purchased a new stake in shares of Dutch Bros in the 4th quarter worth $354,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Dutch Bros in the 4th quarter worth $13,896,000. Bank of America Corp DE increased its stake in shares of Dutch Bros by 1,087.6% in the 4th quarter. Bank of America Corp DE now owns 107,607 shares of the company's stock worth $5,479,000 after purchasing an additional 98,546 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC purchased a new stake in shares of Dutch Bros in the 1st quarter worth $261,000.
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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