Dutch Bros’ (BROS) “Buy” Rating Reaffirmed at TD Cowen

Dutch Bros (NYSE:BROS)‘s stock had its “buy” rating reaffirmed by stock analysts at TD Cowen in a report released on Thursday, Benzinga reports. They presently have a $47.00 target price on the stock. TD Cowen’s price objective would suggest a potential upside of 39.88% from the stock’s current price.

A number of other brokerages also recently commented on BROS. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Dutch Bros in a research note on Thursday, August 8th. Stifel Nicolaus decreased their target price on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, August 15th. Finally, Barclays reduced their price target on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.73.

Dutch Bros Stock Up 2.1 %

NYSE BROS traded up $0.68 on Thursday, hitting $33.60. 618,475 shares of the stock traded hands, compared to its average volume of 2,735,660. The company has a market capitalization of $5.95 billion, a P/E ratio of 186.67, a price-to-earnings-growth ratio of 2.61 and a beta of 2.49. The stock has a 50-day moving average of $35.45 and a 200 day moving average of $34.48. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $43.49.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The firm had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The firm’s revenue was up 30.0% on a year-over-year basis. As a group, analysts expect that Dutch Bros will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Dutch Bros

In other news, Chairman Travis Boersma sold 280,518 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.36, for a total transaction of $9,077,562.48. Following the transaction, the chairman now owns 322,177 shares in the company, valued at approximately $10,425,647.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 280,518 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $32.36, for a total transaction of $9,077,562.48. Following the completion of the transaction, the chairman now owns 322,177 shares in the company, valued at $10,425,647.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Dm Trust Aggregator, Llc sold 186,418 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $32.39, for a total transaction of $6,038,079.02. Following the completion of the transaction, the insider now owns 512,300 shares in the company, valued at $16,593,397. The disclosure for this sale can be found here. Insiders sold 1,096,452 shares of company stock worth $35,018,776 over the last ninety days. 46.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BROS. Wasatch Advisors LP acquired a new position in shares of Dutch Bros in the first quarter valued at approximately $41,988,000. Neuberger Berman Group LLC boosted its holdings in Dutch Bros by 17.7% during the fourth quarter. Neuberger Berman Group LLC now owns 27,759 shares of the company’s stock worth $879,000 after purchasing an additional 4,170 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Dutch Bros in the 1st quarter valued at about $4,430,000. Janney Montgomery Scott LLC grew its stake in Dutch Bros by 96.4% in the first quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company’s stock valued at $901,000 after purchasing an additional 13,395 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Dutch Bros during the first quarter worth $200,000. 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.