Dutch Bros Inc. (NYSE:BROS) Receives Consensus Rating of “Buy” from Analysts

Dutch Bros Inc. (NYSE:BROSGet Rating) has earned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $46.70.

BROS has been the subject of several research reports. Gordon Haskett began coverage on shares of Dutch Bros in a research note on Wednesday, April 13th. They set a “buy” rating and a $64.00 price objective for the company. JPMorgan Chase & Co. lowered Dutch Bros from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Stifel Nicolaus lowered shares of Dutch Bros from a “buy” rating to a “hold” rating and decreased their target price for the company from $70.00 to $30.00 in a report on Thursday, May 12th. Bank of America cut their price objective on Dutch Bros from $80.00 to $64.00 in a research report on Thursday, May 12th. Finally, Robert W. Baird reduced their price target on shares of Dutch Bros from $60.00 to $30.00 in a research note on Thursday, May 12th.

Shares of BROS stock opened at $33.32 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 1.13. Dutch Bros has a 12-month low of $20.05 and a 12-month high of $81.40. The business’s 50 day moving average is $40.65 and its two-hundred day moving average is $47.35.

Dutch Bros (NYSE:BROSGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The business had revenue of $152.16 million for the quarter, compared to the consensus estimate of $144.15 million. On average, equities analysts predict that Dutch Bros will post -0.02 earnings per share for the current year.

In other news, Director Stephen Gillett bought 4,725 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The shares were purchased at an average cost of $26.29 per share, for a total transaction of $124,220.25. Following the completion of the purchase, the director now owns 4,725 shares of the company’s stock, valued at $124,220.25. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Brian Maxwell sold 12,000 shares of Dutch Bros stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $60.44, for a total transaction of $725,280.00. The disclosure for this sale can be found here. In the last three months, insiders sold 136,125 shares of company stock valued at $6,202,519.

Large investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in Dutch Bros by 331.9% in the fourth quarter. Invesco Ltd. now owns 900,326 shares of the company’s stock valued at $45,836,000 after acquiring an additional 691,872 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Dutch Bros by 24.4% in the 4th quarter. Alliancebernstein L.P. now owns 828,613 shares of the company’s stock valued at $42,185,000 after purchasing an additional 162,300 shares during the period. Federated Hermes Inc. grew its stake in Dutch Bros by 33.3% during the 1st quarter. Federated Hermes Inc. now owns 800,000 shares of the company’s stock worth $44,216,000 after buying an additional 200,000 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Dutch Bros during the third quarter worth approximately $29,180,000. Finally, American Century Companies Inc. lifted its stake in Dutch Bros by 47.5% in the first quarter. American Century Companies Inc. now owns 528,565 shares of the company’s stock valued at $29,214,000 after buying an additional 170,180 shares during the last quarter.

About Dutch Bros (Get Rating)

Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.

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