Dutch Bros (NYSE:BROS – Free Report) had its price target lowered by Jefferies Financial Group from $75.00 to $60.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.
Several other brokerages have also issued reports on BROS. UBS Group restated a “neutral” rating on shares of Dutch Bros in a research note on Thursday, September 10th. Raymond James Financial set a $59.00 price objective on Dutch Bros in a report on Friday, September 18th. Citigroup reiterated a “buy” rating on shares of Dutch Bros in a research note on Thursday, August 6th. Freedom Capital upgraded shares of Dutch Bros to a “strong-buy” rating in a research note on Wednesday, July 1st. Finally, Robert W. Baird raised shares of Dutch Bros to a “strong-buy” rating in a report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.38.
Get Our Latest Analysis on Dutch Bros
Dutch Bros Stock Performance
Dutch Bros (NYSE:BROS – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share 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 firm had revenue of $550.85 million during the quarter, compared to the consensus estimate of $525.38 million. During the same period in the prior year, the firm earned $0.26 EPS. The company’s revenue was up 32.5% compared to the same quarter last year. As a group, equities analysts forecast that Dutch Bros will post 0.88 earnings per share for the current year.
Insider Activity at Dutch Bros
In other news, Director Todd Penegor purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $51.56 per share, with a total value of $103,120.00. Following the completion of the acquisition, the director owned 7,358 shares in the company, valued at $379,378.48. This trade represents a 37.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 38.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On Dutch Bros
Several large investors have recently added to or reduced their stakes in the business. NorthRock Partners LLC bought a new stake in Dutch Bros in the 2nd quarter worth approximately $256,000. Integrated Wealth Concepts LLC raised its stake in shares of Dutch Bros by 16.1% during the second quarter. Integrated Wealth Concepts LLC now owns 11,004 shares of the company’s stock worth $790,000 after acquiring an additional 1,525 shares in the last quarter. Maven Securities LTD bought a new stake in shares of Dutch Bros in the 2nd quarter worth approximately $829,000. NewEdge Advisors LLC boosted its stake in shares of Dutch Bros by 12.3% in the 2nd quarter. NewEdge Advisors LLC now owns 4,810 shares of the company’s stock valued at $345,000 after purchasing an additional 528 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Dutch Bros by 7.4% in the 2nd quarter. Baird Financial Group Inc. now owns 524,569 shares of the company’s stock valued at $37,669,000 after purchasing an additional 35,925 shares in the last quarter. Institutional investors own 85.54% of the company’s stock.
More Dutch Bros News
Here are the key news stories impacting Dutch Bros this week:
- Positive Sentiment: Oppenheimer remains bullish: The firm maintained an “outperform” rating and set a $66 price target, implying substantial upside from recent levels. Oppenheimer expects Dutch Bros to benefit from continued unit growth and improving long-term earnings power. Oppenheimer expects Dutch Bros to break out
- Positive Sentiment: DA Davidson reiterated its Buy rating: Although it lowered its valuation following a 49% increase in planned capital expenditures and a dropped deal, the analyst shifted the valuation outlook forward and still sees considerable upside. DA Davidson Cut Its Dutch Bros Target
- Positive Sentiment: Expansion continues: Dutch Bros is opening new locations in West Des Moines, Corpus Christi, Champaign and other markets, with additional stores planned around Springfield and Columbus. The rollout supports the company’s long-term revenue and brand-growth strategy. Dutch Bros opens in Corpus Christi
- Positive Sentiment: Potential real-estate opportunities: Reports that Dutch Bros is evaluating former Salad and Go locations could allow the company to secure new sites more efficiently and accelerate expansion. Potential Dutch Bros locations
Dutch Bros Company Profile
Dutch Bros Inc is a drive-thru beverage company that operates the Dutch Bros coffeehouse brand. The company serves a broad menu of handcrafted beverages, including specialty coffees, cold brews, teas, energy drinks, lemonades, smoothies and flavored sodas, along with a selection of snacks and other food items.
Dutch Bros was founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon. From its original pushcart operation, the company developed a drive-thru-focused model built around convenience, customized drinks and customer service.
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