Q2 2024 Earnings Estimate for Dutch Bros Inc. (NYSE:BROS) Issued By Wedbush

Dutch Bros Inc. (NYSE:BROS) – Wedbush lowered their Q2 2024 EPS estimates for Dutch Bros in a note issued to investors on Wednesday, April 3rd. Wedbush analyst N. Setyan now anticipates that the company will post earnings per share of $0.13 for the quarter, down from their prior forecast of $0.14. Wedbush currently has a “Outperform” rating and a $37.00 target price on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.26 per share. Wedbush also issued estimates for Dutch Bros’ Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.28 EPS and Q4 2025 earnings at $0.01 EPS.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $40.00 price target on shares of Dutch Bros in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Guggenheim reissued a “neutral” rating and set a $30.00 price target on shares of Dutch Bros in a report on Friday. TD Cowen reaffirmed a “market perform” rating and issued a $33.00 price objective on shares of Dutch Bros in a report on Thursday, February 22nd. Finally, Barclays dropped their price target on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Dutch Bros Stock Up 1.2 %

Shares of NYSE:BROS opened at $32.88 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $30.12 and a 200 day simple moving average of $28.28. The firm has a market cap of $5.82 billion, a PE ratio of 1,096.00 and a beta of 2.41. Dutch Bros has a 12-month low of $22.67 and a 12-month high of $36.17.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.90, for a total transaction of $231,200,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $28.90, for a total value of $231,200,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 404,950 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total value of $11,362,897.00. Following the completion of the transaction, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,907,188 shares of company stock worth $561,438,392. Company insiders own 49.70% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

Large investors have recently added to or reduced their stakes in the stock. HBK Investments L P acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $1,900,000. Vanguard Group Inc. lifted its holdings in shares of Dutch Bros by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock worth $150,447,000 after buying an additional 135,918 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Dutch Bros during the fourth quarter worth approximately $266,000. Bullseye Asset Management LLC lifted its holdings in shares of Dutch Bros by 20.0% during the fourth quarter. Bullseye Asset Management LLC now owns 6,000 shares of the company’s stock worth $190,000 after buying an additional 1,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Dutch Bros by 41.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,600 shares of the company’s stock worth $463,000 after buying an additional 4,300 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

About Dutch Bros

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.