Dutch Bros (NYSE:BROS – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.
Other equities research analysts have also issued reports about the stock. Raymond James Financial set a $59.00 price objective on shares of Dutch Bros in a report on Friday, September 18th. TD Cowen lowered their target price on shares of Dutch Bros from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Telsey Advisory Group dropped their target price on shares of Dutch Bros from $74.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. Oppenheimer cut their target price on shares of Dutch Bros from $66.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Finally, DA Davidson reduced their price target on shares of Dutch Bros from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.08.
Check Out Our Latest Research Report on Dutch Bros
Dutch Bros Price Performance
Dutch Bros (NYSE:BROS – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Dutch Bros had a return on equity of 10.46% and a net margin of 5.08%. The company had revenue of $549.84 million for the quarter, compared to the consensus estimate of $548.27 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities analysts predict that Dutch Bros will post 0.81 EPS for the current year.
Insider Activity at Dutch Bros
In other news, Chairman Travis Boersma sold 1,032,216 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the sale, the chairman directly owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This represents a 43.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $16,070,773.32. Following the transaction, the insider owned 1,366,580 shares of the company’s stock, valued at $61,127,123.40. This represents a 20.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,044,220 shares of company stock valued at $179,732,644 in the last 90 days. 38.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Dutch Bros
Hedge funds have recently bought and sold shares of the business. Ancora Advisors LLC purchased a new position in shares of Dutch Bros in the 2nd quarter worth $29,000. GK Wealth Management LLC purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at about $56,000. Bessemer Group Inc. raised its position in shares of Dutch Bros by 243.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,420 shares of the company’s stock valued at $56,000 after buying an additional 1,007 shares in the last quarter. State of Wyoming bought a new position in shares of Dutch Bros in the 3rd quarter valued at about $66,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Dutch Bros by 72.2% in the 3rd quarter. Harbour Investments Inc. now owns 1,879 shares of the company’s stock valued at $72,000 after acquiring an additional 788 shares during the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.
Latest Dutch Bros News
These are some of the BROS news items that stood out recently:
- Positive Sentiment: Dutch Bros plans to open 250 shops in 2027, aiming to extend its market reach and build on shop economics. The plan carries a risk that new locations could take sales from existing shops. Article: Can Dutch Bros’ 250-Shop Plan Deliver Growth Despite Cannibalization?
- Positive Sentiment: The company’s Q3 earnings-call coverage highlighted growth and expansion, reinforcing its growth story. Article: Dutch Bros Earnings Call Highlights Growth and Expansion
- Negative Sentiment: Zacks added BROS to its Rank #5 (Strong Sell) list, a bearish analyst signal that could pressure the stock. Article: New Strong Sell Stocks for November 13th
About Dutch Bros
Dutch Bros Inc. is a drive-through beverage company that operates the Dutch Bros coffee shop brand. Founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma, the company began as a small coffee pushcart and has grown into a multistate U.S. chain. Dutch Bros has expanded from its roots in the western United States into additional regions across the country. Christine Barone serves as the company’s chief executive officer, and co-founder Travis Boersma is its executive chairman.
See Also
- Five stocks we like better than Dutch Bros
- The Next Big Thing May Not Be One Thing: Inside Lazard’s Megatrends ETF
- 3 Power and Grid Stocks That Could Keep Growing Even if AI Spending Slows
- Applied Materials Beats and Raises, But Investors Stay Unconvinced
- Is It Too Late to Buy the Dip? 3 Corners of the Market Still Offering Real Value
Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.
