Dutch Bros (NYSE:BROS) Coverage Initiated by Analysts at Wedbush

Wedbush began coverage on shares of Dutch Bros (NYSE:BROS – Get Rating) in a report published on Tuesday, The Fly reports. The brokerage issued a neutral rating on the stock.

A number of other equities research analysts have also recently commented on BROS. Barclays dropped their target price on Dutch Bros from $30.00 to $29.00 and set an equal weight rating on the stock in a research report on Thursday, January 5th. Cowen dropped their target price on Dutch Bros from $53.00 to $43.00 and set an outperform rating on the stock in a research report on Thursday, November 10th. Piper Sandler dropped their target price on Dutch Bros from $40.00 to $32.00 and set an overweight rating on the stock in a research report on Thursday, November 10th. Cowen dropped their target price on Dutch Bros from $53.00 to $43.00 and set an outperform rating on the stock in a research report on Thursday, November 10th. Finally, Jefferies Financial Group dropped their target price on Dutch Bros from $55.00 to $45.00 in a research report on Thursday, November 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $44.90.

Dutch Bros Price Performance

Shares of BROS opened at $34.24 on Tuesday. The business’s 50-day moving average is $32.68 and its two-hundred day moving average is $35.04. The company has a market capitalization of $1.56 billion, a P/E ratio of -228.25 and a beta of 2.54. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.32 and a current ratio of 0.49. Dutch Bros has a fifty-two week low of $20.05 and a fifty-two week high of $66.00.

Dutch Bros (NYSE:BROS – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $198.65 million for the quarter, compared to the consensus estimate of $196.27 million. Dutch Bros had a negative return on equity of 2.74% and a negative net margin of 1.03%. Research analysts predict that Dutch Bros will post -0.06 earnings per share for the current year.

Insider Activity at Dutch Bros

In other Dutch Bros news, CMO John Patrick Graham sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $31.31, for a total value of $250,480.00. Following the transaction, the chief marketing officer now directly owns 163,332 shares of the company’s stock, valued at approximately $5,113,924.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 49.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BROS. Marshall Wace LLP purchased a new position in Dutch Bros in the 3rd quarter worth approximately $52,319,000. LPL Financial LLC purchased a new stake in shares of Dutch Bros during the 2nd quarter valued at approximately $10,332,000. Balyasny Asset Management LLC purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at approximately $8,973,000. HBK Sorce Advisory LLC purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at approximately $261,000. Finally, Clearbridge Investments LLC raised its position in shares of Dutch Bros by 72.0% during the 1st quarter. Clearbridge Investments LLC now owns 516,394 shares of the company’s stock valued at $28,541,000 after buying an additional 216,194 shares during the period.

About Dutch Bros

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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.