Recent Analysts’ Ratings Updates for Dutch Bros (BROS)

Dutch Bros (NYSE: BROS) recently received a number of ratings updates from brokerages and research firms:

• 11/11/2024 – Dutch Bros had its price target raised by analysts at Piper Sandler from $36.00 to $51.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Dutch Bros had its price target raised by analysts at Barclays PLC from $31.00 to $38.00. They now have an “equal weight” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at JPMorgan Chase & Co. from $44.00 to $48.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at Wedbush from $45.00 to $55.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at Robert W. Baird from $37.00 to $46.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at UBS Group AG from $39.00 to $44.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at TD Cowen from $47.00 to $53.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Dutch Bros had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $45.00 price target on the stock.
• 9/12/2024 – Dutch Bros had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $47.00 price target on the stock.

Dutch Bros Stock Up 0.2 %

NYSE:BROS traded up $0.11 on Monday, hitting $47.29. 794,295 shares of the company’s stock were exchanged, compared to its average volume of 2,800,919. The company has a market cap of $7.29 billion, a P/E ratio of 163.07, a price-to-earnings-growth ratio of 3.85 and a beta of 2.47. The firm has a 50-day moving average price of $33.85 and a 200-day moving average price of $35.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros Inc. has a 52 week low of $25.46 and a 52 week high of $50.24.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. Dutch Bros had a return on equity of 5.58% and a net margin of 2.54%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 EPS. As a group, analysts expect that Dutch Bros Inc. will post 0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 467,228 shares in the company, valued at approximately $14,759,732.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of Dutch Bros stock in a transaction 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 directly owns 467,228 shares of the company’s stock, valued at $14,759,732.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the sale, the insider now directly owns 467,228 shares in the company, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,689,583 shares of company stock valued at $55,164,707. 46.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds and other institutional investors have recently made changes to their positions in BROS. Transcendent Capital Group LLC bought a new position in Dutch Bros in the 1st quarter valued at approximately $26,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Dutch Bros during the 2nd quarter valued at $27,000. Jamison Private Wealth Management Inc. increased its holdings in Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Hollencrest Capital Management boosted its stake in shares of Dutch Bros by 52.3% during the third quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after purchasing an additional 764 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.