Wolfe Research Begins Coverage on Dutch Bros (NYSE:BROS)

Investment analysts at Wolfe Research assumed coverage on shares of Dutch Bros (NYSE:BROS) in a note issued to investors on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $77.00 price target on the stock. Wolfe Research’s price target indicates a potential upside of 49.69% from the company’s current price.

Several other equities research analysts also recently commented on BROS. Barclays boosted their target price on Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Zacks Research lowered Dutch Bros from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price target on shares of Dutch Bros in a research note on Friday, February 13th. Mizuho raised their price objective on shares of Dutch Bros from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group raised shares of Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.73.

Dutch Bros Trading Down 5.6%

NYSE:BROS opened at $51.44 on Monday. The firm has a market capitalization of $8.46 billion, a P/E ratio of 80.38, a PEG ratio of 1.84 and a beta of 2.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.49 and a quick ratio of 1.28. Dutch Bros has a one year low of $46.52 and a one year high of $77.88. The company’s 50-day simple moving average is $56.92 and its 200 day simple moving average is $58.16.

Dutch Bros (NYSE:BROS) last released its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm had revenue of $443.61 million during the quarter, compared to analyst estimates of $424.44 million. Dutch Bros had a net margin of 4.87% and a return on equity of 9.56%. The business’s revenue was up 29.4% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. As a group, analysts forecast that Dutch Bros will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Dutch Bros

Several institutional investors have recently modified their holdings of BROS. Ninety One UK Ltd purchased a new position in shares of Dutch Bros in the third quarter worth approximately $135,336,000. Alyeska Investment Group L.P. purchased a new stake in Dutch Bros during the fourth quarter valued at approximately $113,880,000. Westfield Capital Management Co. LP bought a new position in Dutch Bros in the fourth quarter worth approximately $108,948,000. Norges Bank bought a new position in Dutch Bros in the fourth quarter worth approximately $96,951,000. Finally, Marshall Wace LLP boosted its stake in shares of Dutch Bros by 139.2% during the 2nd quarter. Marshall Wace LLP now owns 2,509,767 shares of the company’s stock worth $171,593,000 after acquiring an additional 1,460,376 shares during the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.