Dutch Bros (BROS) to Release Earnings on Wednesday

Dutch Bros (NYSE:BROS) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Dutch Bros has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The company had revenue of $324.92 million for the quarter, compared to analyst estimates of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, analysts expect Dutch Bros to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Dutch Bros Stock Performance

Shares of BROS stock opened at $33.00 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The company has a market cap of $5.09 billion, a PE ratio of 132.00, a PEG ratio of 3.65 and a beta of 2.47. Dutch Bros has a 12-month low of $25.46 and a 12-month high of $43.49. The business’s fifty day simple moving average is $33.13 and its 200-day simple moving average is $34.90.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction 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 directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the transaction, the insider now owns 467,228 shares of the company’s stock, valued at $14,764,404.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction that occurred on Monday, August 19th. The stock was 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,651,244 shares of company stock worth $53,881,117 over the last ninety days. 46.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stifel Nicolaus reduced their target price on Dutch Bros from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Dutch Bros in a research note on Monday, October 14th. UBS Group upgraded Dutch Bros from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. Barclays reduced 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 research report on Friday, August 9th. Finally, Piper Sandler downgraded shares of Dutch Bros from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $41.00 to $36.00 in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.20.

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.