Wedbush Reiterates Outperform Rating for Dutch Bros (NYSE:BROS)

Dutch Bros (NYSE:BROS)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a research note issued on Monday, Benzinga reports. They presently have a $45.00 price target on the stock. Wedbush’s price objective would indicate a potential upside of 39.10% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $41.00 to $36.00 in a report on Monday, August 19th. UBS Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, August 15th. TD Cowen reaffirmed a “buy” rating and set a $47.00 target price on shares of Dutch Bros in a report on Thursday, September 12th. Barclays cut their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Dutch Bros Trading Up 5.3 %

NYSE:BROS opened at $32.35 on Monday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 129.40, a PEG ratio of 2.55 and a beta of 2.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. Dutch Bros has a 1 year low of $23.31 and a 1 year high of $43.49. The business has a fifty day moving average of $32.35 and a 200-day moving average of $34.64.

Dutch Bros (NYSE:BROS) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $317.39 million. During the same quarter in the prior year, the firm posted $0.07 EPS. Dutch Bros’s revenue was up 30.0% compared to the same quarter last year. Equities analysts predict that Dutch Bros will post 0.32 earnings per share for the current year.

Insider Activity

In related news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares of the company’s stock, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Dm Trust Aggregator, Llc sold 1,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.00, for a total value of $57,600.00. Following the completion of the sale, the insider now directly owns 712,819 shares of the company’s stock, valued at $22,810,208. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Travis Boersma sold 426,891 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the transaction, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,128,885 shares of company stock worth $36,124,009 over the last 90 days. 46.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently modified their holdings of BROS. Chicago Partners Investment Group LLC acquired a new position in shares of Dutch Bros in the fourth quarter worth $266,000. Vanguard Group Inc. increased its position in Dutch Bros by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock worth $150,447,000 after purchasing an additional 135,918 shares during the last quarter. Renaissance Capital LLC raised its stake in shares of Dutch Bros by 42.5% during the 1st quarter. Renaissance Capital LLC now owns 31,026 shares of the company’s stock worth $1,024,000 after purchasing an additional 9,256 shares in the last quarter. Wealth Management Partners LLC raised its stake in shares of Dutch Bros by 4.2% during the 1st quarter. Wealth Management Partners LLC now owns 18,790 shares of the company’s stock worth $620,000 after purchasing an additional 756 shares in the last quarter. Finally, WoodTrust Financial Corp lifted its holdings in shares of Dutch Bros by 18.1% during the 1st quarter. WoodTrust Financial Corp now owns 10,100 shares of the company’s stock valued at $333,000 after buying an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 85.54% of the company’s stock.

Dutch Bros Company Profile

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.