Dutch Bros (NYSE:BROS) Upgraded to Hold at The Goldman Sachs Group

Dutch Bros (NYSE:BROS) was upgraded by investment analysts at The Goldman Sachs Group to a “hold” rating in a report issued on Thursday,Zacks.com reports.

BROS has been the subject of a number of other reports. Morgan Stanley set a $80.00 target price on shares of Dutch Bros and gave the stock an “overweight” rating in a research note on Monday, April 14th. Barclays boosted their price target on Dutch Bros from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Royal Bank Of Canada assumed coverage on Dutch Bros in a report on Wednesday, May 14th. They set an “outperform” rating and a $83.00 price objective for the company. Wells Fargo & Company assumed coverage on Dutch Bros in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $80.00 target price on the stock. Finally, Robert W. Baird upped their price target on Dutch Bros from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and an average target price of $75.69.

Dutch Bros Stock Performance

BROS stock opened at $67.52 on Thursday. Dutch Bros has a 1-year low of $26.96 and a 1-year high of $86.88. The company has a current ratio of 1.95, a quick ratio of 1.75 and a debt-to-equity ratio of 0.80. The firm has a market cap of $11.11 billion, a PE ratio of 173.14, a P/E/G ratio of 3.99 and a beta of 2.73. The business’s 50-day moving average price is $67.13 and its two-hundred day moving average price is $63.90.

Dutch Bros (NYSE:BROS) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Dutch Bros had a return on equity of 7.73% and a net margin of 3.20%. The business had revenue of $355.15 million during the quarter, compared to analysts’ expectations of $343.30 million. During the same period in the prior year, the business earned $0.09 EPS. Dutch Bros’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, research analysts forecast that Dutch Bros will post 0.57 earnings per share for the current year.

Insider Activity

In related news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $10,641,352.28. Following the sale, the insider now owns 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 704,995 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $68.24, for a total value of $48,108,858.80. Following the sale, the chairman now directly owns 2,218,611 shares of the company’s stock, valued at $151,398,014.64. This represents a 24.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock valued at $237,721,138 in the last quarter. Company insiders own 42.40% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

Several institutional investors and hedge funds have recently modified their holdings of BROS. Strs Ohio acquired a new stake in shares of Dutch Bros during the 1st quarter worth about $669,000. Geneos Wealth Management Inc. raised its holdings in Dutch Bros by 1,614.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the company’s stock valued at $159,000 after acquiring an additional 2,422 shares during the period. Intech Investment Management LLC acquired a new stake in Dutch Bros during the first quarter worth approximately $1,785,000. Bayforest Capital Ltd boosted its holdings in shares of Dutch Bros by 21.4% during the first quarter. Bayforest Capital Ltd now owns 10,195 shares of the company’s stock worth $629,000 after acquiring an additional 1,798 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Dutch Bros by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,714 shares of the company’s stock valued at $18,875,000 after purchasing an additional 22,323 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

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.