Dutch Bros (NYSE:BROS – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report released on Thursday,Benzinga reports. They currently have a $75.00 price objective on the stock. DA Davidson’s price target would indicate a potential upside of 39.34% from the company’s current price.
Several other brokerages have also recently issued reports on BROS. The Goldman Sachs Group raised Dutch Bros from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 2nd. Barclays dropped their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Wolfe Research started coverage on Dutch Bros in a research report on Monday, March 9th. They issued an “outperform” rating and a $77.00 target price on the stock. TD Cowen reissued a “buy” rating and issued a $73.00 target price on shares of Dutch Bros in a research report on Wednesday. Finally, BNP Paribas Exane initiated coverage on Dutch Bros in a research report on Monday, March 30th. They issued an “outperform” rating and a $73.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.00.
Read Our Latest Analysis on Dutch Bros
Dutch Bros Stock Performance
Dutch Bros (NYSE:BROS – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company had revenue of $464.41 million during the quarter, compared to the consensus estimate of $449.70 million. During the same period last year, the company earned $0.14 EPS. Dutch Bros’s revenue for the quarter was up 30.7% on a year-over-year basis. As a group, sell-side analysts expect that Dutch Bros will post 0.83 EPS for the current fiscal year.
Insider Transactions at Dutch Bros
In other news, Director Todd Allan Penegor acquired 2,000 shares of Dutch Bros stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $51.17 per share, with a total value of $102,340.00. Following the purchase, the director directly owned 5,358 shares in the company, valued at $274,168.86. The trade was a 59.56% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 38.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Dutch Bros
Large investors have recently modified their holdings of the stock. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the 2nd quarter valued at approximately $27,000. Brown Lisle Cummings Inc. bought a new position in shares of Dutch Bros during the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. increased its position in shares of Dutch Bros by 557.4% during the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock valued at $31,000 after purchasing an additional 379 shares during the last quarter. Ankerstar Wealth LLC bought a new position in shares of Dutch Bros during the 4th quarter valued at approximately $31,000. Finally, Quarry LP increased its position in shares of Dutch Bros by 83.5% during the 4th quarter. Quarry LP now owns 600 shares of the company’s stock valued at $37,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.
About Dutch Bros
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.
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