Barclays analyst Jeff Bernstein maintained a Hold rating on Dutch Bros Inc (BROS – Research Report) today and set a price target of $30.00. The company’s shares closed yesterday at $30.17.
Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Shake Shack, and Dine Brands Global. According to TipRanks, Bernstein has an average return of 7.5% and a 62.68% success rate on recommended stocks.
Currently, the analyst consensus on Dutch Bros Inc is a Moderate Buy with an average price target of $37.00, implying a 22.64% upside from current levels. In a report released on April 4, Robert W. Baird also maintained a Hold rating on the stock with a $31.00 price target.
Based on Dutch Bros Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $254.12 million and a net profit of $4.15 million. In comparison, last year the company earned a revenue of $201.83 million and had a net profit of $10.67 million
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BROS in relation to earlier this year. Last month, TSG7 A Management LLC, a Major Shareholder at BROS sold 6,832,269.00 shares for a total of $218,421,296.31.
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Dutch Bros Inc (BROS) Company Description:
Dutch Bros Inc is a growing brand in the foodservice and restaurant industry in the United States. It has two operating segments. The company-operated shops segment, which is the key revenue driver, represents coffee shop sales to customers. The Franchising and other segment represents bean and product sales to franchisees and includes the initial franchise fees, royalties, marketing fees, and lease income.
