Bank of America Securities analyst Sara Senatore maintained a Buy rating on Dutch Bros Inc (BROS – Research Report) today. The company’s shares opened today at $29.96.
Senatore covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Darden Restaurants, and McDonald’s. According to TipRanks, Senatore has an average return of 9.7% and a 53.85% success rate on recommended stocks.
In addition to Bank of America Securities, Dutch Bros Inc also received a Buy from Piper Sandler’s Brian Mullan in a report issued on April 9. However, on April 19, Barclays maintained a Hold rating on Dutch Bros Inc (NYSE: BROS).
The company has a one-year high of $36.17 and a one-year low of $22.67. Currently, Dutch Bros Inc has an average volume of 2.03M.
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.
