Dutch Bros (NYSE:BROS) Earns Outperform Rating from Analysts at BNP Paribas Exane

Research analysts at BNP Paribas Exane began coverage on shares of Dutch Bros (NYSE:BROS) in a note issued to investors on Monday. The firm set an “outperform” rating and a $73.00 price target on the stock. BNP Paribas Exane’s price objective would suggest a potential upside of 56.25% from the company’s previous close.

BROS has been the topic of a number of other reports. Wolfe Research began coverage on shares of Dutch Bros in a research note on Monday, March 9th. They set an “outperform” rating and a $77.00 price target on the stock. Sanford C. Bernstein restated an “overweight” rating and set a $76.00 target price on shares of Dutch Bros in a research report on Wednesday, January 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Dutch Bros in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a research note on Wednesday, January 21st. Finally, Barclays upped their price target on Dutch Bros from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.57.

Dutch Bros Price Performance

Shares of BROS opened at $46.72 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.28 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $53.41 and its two-hundred day moving average is $56.17. Dutch Bros has a twelve month low of $44.58 and a twelve month high of $77.88. The firm has a market capitalization of $7.69 billion, a PE ratio of 73.00, a P/E/G ratio of 1.69 and a beta of 2.54.

Dutch Bros (NYSE:BROS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. Dutch Bros had a return on equity of 9.56% and a net margin of 4.87%.The business had revenue of $443.61 million during the quarter, compared to analysts’ expectations of $424.44 million. During the same period last year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 29.4% compared to the same quarter last year. Research analysts anticipate that Dutch Bros will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS grew its holdings in Dutch Bros by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock valued at $1,319,000 after buying an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Dutch Bros by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock valued at $975,000 after acquiring an additional 200 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake in shares of Dutch Bros by 3.9% during the third quarter. Moody Lynn & Lieberson LLC now owns 5,382 shares of the company’s stock valued at $282,000 after acquiring an additional 204 shares during the last quarter. GAMMA Investing LLC increased its position in Dutch Bros by 31.5% during the 3rd quarter. GAMMA Investing LLC now owns 856 shares of the company’s stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its stake in Dutch Bros by 7.2% in the 4th quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after purchasing an additional 212 shares during the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Company Profile

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.