Wedbush Weighs in on Dutch Bros Inc.’s FY2024 Earnings (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS) – Analysts at Wedbush reduced their FY2024 earnings estimates for shares of Dutch Bros in a research report issued to clients and investors on Thursday, May 2nd. Wedbush analyst N. Setyan now expects that the company will post earnings per share of $0.27 for the year, down from their prior estimate of $0.28. Wedbush has a “Outperform” rating and a $37.00 price objective on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.25 per share. Wedbush also issued estimates for Dutch Bros’ FY2025 earnings at $0.32 EPS.

Several other brokerages also recently issued reports on BROS. William Blair reissued an “outperform” rating on shares of Dutch Bros in a research note on Thursday, February 22nd. Guggenheim reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Dutch Bros in a research report on Friday, April 5th. Barclays cut 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 report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price target on shares of Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Piper Sandler raised Dutch Bros from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $37.00 in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Dutch Bros presently has an average rating of “Moderate Buy” and an average target price of $34.44.

Dutch Bros Stock Performance

Dutch Bros stock opened at $28.34 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. Dutch Bros has a twelve month low of $22.67 and a twelve month high of $36.17. The company’s 50-day moving average price is $31.25 and its 200-day moving average price is $29.14. The company has a market cap of $5.02 billion, a PE ratio of 944.67, a price-to-earnings-growth ratio of 4.33 and a beta of 2.43.

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

Institutional Trading of Dutch Bros

A number of hedge funds and other institutional investors have recently made changes to their positions in BROS. FMR LLC raised its stake 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 during the period. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 135,918 shares during the last quarter. Wasatch Advisors LP purchased a new stake in Dutch Bros in the first quarter valued at approximately $41,988,000. American Century Companies Inc. lifted its stake in Dutch Bros by 191.7% during the third quarter. American Century Companies Inc. now owns 1,177,148 shares of the company’s stock worth $27,369,000 after purchasing an additional 773,616 shares in the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Dutch Bros in the third quarter valued at $11,549,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

Insider Activity at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of Dutch Bros stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $5,682,234.18. Following the sale, the insider now owns 1,378,683 shares of the company’s stock, valued at approximately $38,685,844.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 1,378,683 shares in the company, valued at $38,685,844.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 98,017 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $36.04, for a total value of $3,532,532.68. Following the completion of the sale, the chairman now directly owns 672,439 shares of the company’s stock, valued at approximately $24,234,701.56. The disclosure for this sale can be found here. Insiders have sold a total of 17,907,188 shares of company stock worth $561,438,392 over the last quarter. 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.