Dutch Bros Inc. to Post Q1 2024 Earnings of $0.00 Per Share, William Blair Forecasts (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS) – Equities research analysts at William Blair boosted their Q1 2024 earnings per share (EPS) estimates for shares of Dutch Bros in a note issued to investors on Wednesday, April 24th. William Blair analyst S. Zackfia now expects that the company will earn $0.00 per share for the quarter, up from their previous forecast of ($0.01). William Blair has a “Outperform” rating on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.26 per share. William Blair also issued estimates for Dutch Bros’ Q2 2024 earnings at $0.12 EPS.

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

A number of other brokerages have also recently issued reports on BROS. Guggenheim reissued a “neutral” rating and issued a $30.00 target price on shares of Dutch Bros in a report on Friday, April 5th. TD Cowen restated a “hold” rating and set a $33.00 price target on shares of Dutch Bros in a research report on Friday. Stifel Nicolaus restated a “buy” rating and set a $40.00 price target on shares of Dutch Bros in a research report on Wednesday, April 3rd. Wedbush restated an “outperform” rating and set a $37.00 price target on shares of Dutch Bros in a research report on Wednesday, April 10th. Finally, Barclays decreased their price target on 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 assigned a buy rating to the company. According to data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Dutch Bros Trading Down 1.0 %

Shares of BROS opened at $28.59 on Monday. Dutch Bros has a 1 year low of $22.67 and a 1 year high of $36.17. 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 stock has a 50 day simple moving average of $31.25 and a 200-day simple moving average of $29.05. The stock has a market cap of $5.06 billion, a PE ratio of 953.00, a PEG ratio of 4.43 and a beta of 2.41.

Hedge Funds Weigh In On Dutch Bros

Several hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Dutch Bros by 42.9% in the 3rd quarter. FMR LLC now owns 8,581,751 shares of the company’s stock valued at $199,526,000 after acquiring an additional 2,578,145 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Dutch Bros by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 4,750,468 shares of the company’s stock valued at $150,447,000 after acquiring an additional 135,918 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of Dutch Bros in the 1st quarter valued at about $41,988,000. American Century Companies Inc. grew its holdings in shares of Dutch Bros by 191.7% in the 3rd quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock valued at $27,369,000 after acquiring an additional 773,616 shares in the last quarter. Finally, Invesco Ltd. bought a new position in shares of Dutch Bros in the 3rd quarter valued at about $11,549,000. Institutional investors own 85.54% of the company’s stock.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 404,950 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $11,362,897.00. Following the transaction, the chairman now directly owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Travis Boersma sold 404,950 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the sale, the chairman now owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dm Trust Aggregator, Llc sold 49,218 shares of Dutch Bros stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $36.04, for a total value of $1,773,816.72. Following the completion of the sale, the insider now directly owns 1,051,178 shares in the company, valued at approximately $37,884,455.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,907,188 shares of company stock worth $561,438,392. Insiders own 46.50% 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.