Dutch Bros (BROS) Scheduled to Post Quarterly Earnings on Tuesday

Dutch Bros (NYSE:BROS) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Dutch Bros has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%. The company had revenue of $254.12 million for the quarter, compared to analyst estimates of $254.80 million. On average, analysts expect Dutch Bros to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Dutch Bros Price Performance

Shares of NYSE BROS opened at $27.29 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $4.83 billion, a PE ratio of 909.67, a P/E/G ratio of 4.33 and a beta of 2.43. The firm has a fifty day simple moving average of $31.25 and a 200 day simple moving average of $29.12. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $36.17.

Analysts Set New Price Targets

Several equities research analysts recently commented on BROS shares. Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of Dutch Bros in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their target price on Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Barclays cut their price target on Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. Piper Sandler upgraded Dutch Bros from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $37.00 in a report on Monday, March 4th. Finally, William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Dutch Bros presently has an average rating of “Moderate Buy” and a consensus target price of $34.44.

Insiders Place Their Bets

In other news, major shareholder Dm Individual Aggregator, Llc sold 202,503 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 $5,682,234.18. Following the completion of the sale, the insider now directly owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $5,682,234.18. Following the sale, the insider now directly owns 1,378,683 shares in the company, valued at $38,685,844.98. 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 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 owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,907,188 shares of company stock valued at $561,438,392. Insiders own 46.50% of the company’s stock.

Dutch Bros Company Profile

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.