Dutch Bros Inc. (NYSE:BROS) Stock Has Average Target Price of $71.88

Dutch Bros Inc. (NYSE:BROS) has been given a consensus rating of “Moderate Buy” by the twenty-six brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $71.88.

BROS has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Dutch Bros from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Freedom Capital upgraded Dutch Bros to a “strong-buy” rating in a research report on Wednesday, July 1st. UBS Group reiterated a “neutral” rating on shares of Dutch Bros in a research note on Thursday, September 10th. Oppenheimer reiterated a “positive” rating on shares of Dutch Bros in a research note on Wednesday, September 30th. Finally, Melius Research dropped their price objective on Dutch Bros from $95.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, September 18th.

Dutch Bros Stock Performance

Shares of BROS stock opened at $37.22 on Friday. The firm’s 50 day moving average is $45.56 and its 200 day moving average is $54.48. The stock has a market capitalization of $6.50 billion, a P/E ratio of 51.69, a PEG ratio of 1.35 and a beta of 2.31. Dutch Bros has a 12 month low of $36.51 and a 12 month high of $74.02. The company has a current ratio of 1.35, a quick ratio of 1.19 and a debt-to-equity ratio of 0.20.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The business had revenue of $550.85 million during the quarter, compared to analyst estimates of $525.38 million. During the same period in the previous year, the business earned $0.26 EPS. Dutch Bros’s revenue was up 32.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dutch Bros will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Todd Penegor purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average cost of $51.56 per share, for a total transaction of $103,120.00. Following the completion of the transaction, the director directly owned 7,358 shares in the company, valued at approximately $379,378.48. This represents a 37.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 38.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Dutch Bros

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after acquiring an additional 851,075 shares during the period. Bank of America Corp DE grew its position in shares of Dutch Bros by 33.4% during the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock valued at $91,939,000 after purchasing an additional 454,036 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Dutch Bros by 17.8% during the 2nd quarter. Wasatch Advisors LP now owns 1,038,903 shares of the company’s stock valued at $74,604,000 after purchasing an additional 157,098 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Dutch Bros by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,204,326 shares of the company’s stock valued at $60,994,000 after purchasing an additional 37,683 shares in the last quarter. Finally, Interval Partners LP purchased a new position in shares of Dutch Bros during the 4th quarter valued at $57,276,000. 85.54% of the stock is currently owned by institutional investors.

Dutch Bros Company Profile

Dutch Bros Inc is a drive-thru beverage company that operates the Dutch Bros coffeehouse brand. The company serves a broad menu of handcrafted beverages, including specialty coffees, cold brews, teas, energy drinks, lemonades, smoothies and flavored sodas, along with a selection of snacks and other food items.

Dutch Bros was founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon. From its original pushcart operation, the company developed a drive-thru-focused model built around convenience, customized drinks and customer service.