Wedbush Reaffirms “Outperform” Rating for Dutch Bros (NYSE:BROS)

Wedbush reissued their outperform rating on shares of Dutch Bros (NYSE:BROS) in a report released on Thursday, Benzinga reports. Wedbush currently has a $45.00 price target on the stock.

A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Dutch Bros from $40.00 to $44.00 and gave the company an overweight rating in a report on Monday, June 3rd. Bank of America increased their target price on Dutch Bros from $44.00 to $49.00 and gave the company a buy rating in a report on Monday, June 10th. Guggenheim increased their target price on Dutch Bros from $30.00 to $36.00 and gave the company a neutral rating in a report on Thursday, July 11th. Robert W. Baird lowered their target price on Dutch Bros from $42.00 to $37.00 and set a neutral rating on the stock in a report on Thursday. Finally, TD Cowen lowered their target price on Dutch Bros from $50.00 to $47.00 and set a buy rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Dutch Bros has a consensus rating of Moderate Buy and an average target price of $38.82.

Dutch Bros Stock Performance

Shares of Dutch Bros stock traded down $0.73 during trading on Thursday, hitting $29.49. 6,775,500 shares of the company’s stock traded hands, compared to its average volume of 2,676,672. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $43.49. The stock has a market capitalization of $5.23 billion, a P/E ratio of 163.83, a PEG ratio of 4.71 and a beta of 2.53. The business has a 50-day simple moving average of $39.01 and a 200-day simple moving average of $33.75.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. The company had revenue of $324.92 million for the quarter, compared to analysts’ expectations of $317.39 million. During the same period last year, the firm posted $0.07 earnings per share. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. As a group, analysts forecast that Dutch Bros will post 0.3 EPS for the current year.

Insider Transactions at Dutch Bros

In other news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $977,402.70. Following the transaction, the insider now owns 2,116,783 shares of the company’s stock, valued at $76,246,523.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Dm Trust Aggregator, Llc sold 27,135 shares of Dutch Bros stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $977,402.70. Following the sale, the insider now owns 2,116,783 shares of the company’s stock, valued at approximately $76,246,523.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 54,359 shares of Dutch Bros stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $36.02, for a total value of $1,958,011.18. Following the sale, the chairman now directly owns 1,281,743 shares in the company, valued at approximately $46,168,382.86. The disclosure for this sale can be found here. Insiders have sold 1,228,068 shares of company stock valued at $44,765,154 over the last quarter. 46.50% of the stock is currently owned by company insiders.

Institutional Trading of Dutch Bros

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI bought a new stake in Dutch Bros during the 2nd quarter valued at approximately $27,000. Quest Partners LLC raised its stake in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 764 shares during the period. Transcendent Capital Group LLC bought a new stake in Dutch Bros during the 1st quarter valued at approximately $26,000. Abound Wealth Management purchased a new position in Dutch Bros during the 2nd quarter valued at approximately $39,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Dutch Bros during the 4th quarter valued at approximately $40,000. Institutional investors own 85.54% of the company’s stock.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.