Dutch Bros (NYSE:BROS – Get Free Report) was upgraded by equities research analysts at Seaport Research Partners to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.
BROS has been the topic of several other reports. Oppenheimer upped their target price on shares of Dutch Bros from $72.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Robert W. Baird upgraded shares of Dutch Bros to a “strong-buy” rating in a research report on Monday, August 24th. Stephens reissued an “overweight” rating and set a $80.00 price target on shares of Dutch Bros in a research note on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Dutch Bros in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dutch Bros in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Dutch Bros currently has a consensus rating of “Moderate Buy” and an average target price of $76.45.
View Our Latest Report on BROS
Dutch Bros Price Performance
Dutch Bros (NYSE:BROS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dutch Bros had a net margin of 4.91% and a return on equity of 10.01%. The business had revenue of $550.85 million during the quarter, compared to the consensus estimate of $525.38 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue was up 32.5% compared to the same quarter last year. Analysts forecast that Dutch Bros will post 0.87 EPS for the current fiscal year.
Insider Buying and Selling
In other Dutch Bros news, Director Todd Penegor acquired 2,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $51.56 per share, with a total value of $103,120.00. Following the purchase, the director owned 7,358 shares in the company, valued at approximately $379,378.48. The trade was a 37.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 38.90% of the company’s stock.
Institutional Trading of Dutch Bros
Several institutional investors and hedge funds have recently modified their holdings of BROS. Wellington Management Group LLP increased its stake in shares of Dutch Bros by 38.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,090,882 shares of the company’s stock worth $221,956,000 after purchasing an additional 851,075 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Dutch Bros by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock worth $138,699,000 after purchasing an additional 39,349 shares during the last quarter. Bank of America Corp DE lifted its stake in Dutch Bros by 33.4% in the 1st quarter. Bank of America Corp DE now owns 1,814,815 shares of the company’s stock valued at $91,939,000 after buying an additional 454,036 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Dutch Bros in the 4th quarter valued at approximately $108,948,000. Finally, Norges Bank acquired a new stake in Dutch Bros during the 4th quarter valued at $96,951,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.
Key Dutch Bros News
Here are the key news stories impacting Dutch Bros this week:
- Positive Sentiment: Dutch Bros continues to expand its store base, with new drive-thru locations planned or announced in Augusta, Hampton Roads, Conroe and other markets. Continued unit growth could support long-term revenue expansion and improve investor sentiment. Dutch Bros to open Augusta drive-thru by year’s end
- Positive Sentiment: Some analysts and valuation commentators consider BROS undervalued relative to its expected cash-flow growth. The company also maintains a “Moderate Buy” average analyst rating, potentially limiting downside if operating growth remains strong. Dutch Bros Stock Looks Cheap Against Its Cash Flow Outlook
- Neutral Sentiment: CEO Christine Barone discussed expansion and inflation, highlighting the company’s growth plans while acknowledging cost pressures that could affect margins. Dutch Bros CEO Christine Barone on Expansion & Inflation
- Negative Sentiment: The immediate pressure on Dutch Bros Inc. (BROS) appears to be sector-wide selling across restaurant and beverage stocks, amplified by broader weakness in the Nasdaq and S&P 500. Why Is Dutch Bros Stock Falling on Tuesday?
- Negative Sentiment: Recent coverage emphasizes the stock’s sharp decline and elevated valuation risk. A shelf registration filing may also have raised concerns about potential future share issuance and dilution, even though no specific offering was announced. Is Dutch Bros Undervalued After Its Shelf Filing?
About Dutch Bros
Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company has expanded from a single coffee cart into a national chain with locations in more than 20 states.
Dutch Bros’ menu includes specialty espresso-based coffees, cold brew, teas, Dutch Bros Blue Rebel energy drinks, smoothies, lemonades, sodas and other flavored beverages. Its shops emphasize drive-thru convenience, customizable drinks and customer-focused service, with some locations also offering walk-up windows or limited indoor seating.
The company combines company-operated shops with franchised locations, although its growth strategy has increasingly emphasized company-operated stores.
Read More
- Five stocks we like better than Dutch Bros
- Analysts See Double-Digit Upside for These 3 Stocks
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
Receive News & Ratings for Dutch Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dutch Bros and related companies with MarketBeat.com's FREE daily email newsletter.