Dutch Bros Inc. (NYSE:BROS – Get Free Report) shares traded up 5.6% during trading on Friday . The company traded as high as $68.11 and last traded at $69.0150. 318,771 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 4,355,249 shares. The stock had previously closed at $65.35.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on BROS shares. UBS Group reaffirmed a “buy” rating on shares of Dutch Bros in a research note on Wednesday, May 20th. Morgan Stanley boosted their price objective on Dutch Bros from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Dutch Bros in a report on Monday, April 20th. Stephens began coverage on shares of Dutch Bros in a research note on Thursday. They set an “overweight” rating and a $80.00 target price on the stock. Finally, Telsey Advisory Group assumed coverage on shares of Dutch Bros in a report on Wednesday, April 8th. They set an “outperform” rating and a $66.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.50.
View Our Latest Stock Report on Dutch Bros
Dutch Bros Price Performance
Dutch Bros (NYSE:BROS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $464.41 million for the quarter, compared to the consensus estimate of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The business’s revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. Equities analysts anticipate that Dutch Bros Inc. will post 0.84 earnings per share for the current fiscal year.
Insider Activity at Dutch Bros
In related news, CEO Christine Barone sold 42,031 shares of Dutch Bros stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $60.13, for a total transaction of $2,527,324.03. Following the sale, the chief executive officer owned 44,573 shares of the company’s stock, valued at approximately $2,680,174.49. This trade represents a 48.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Travis Boersma sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $63.02, for a total value of $47,265,000.00. Following the completion of the transaction, the chairman directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. This represents a 23.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,086,245 shares of company stock valued at $243,021,771. 38.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On Dutch Bros
Several hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. bought a new position in shares of Dutch Bros during the second quarter worth $27,000. Brown Lisle Cummings Inc. bought a new stake in Dutch Bros in the 4th quarter valued at $31,000. Rakuten Securities Inc. lifted its stake in Dutch Bros by 557.4% in the 2nd quarter. Rakuten Securities Inc. now owns 447 shares of the company’s stock worth $31,000 after purchasing an additional 379 shares in the last quarter. Ankerstar Wealth LLC purchased a new stake in Dutch Bros in the 4th quarter worth $31,000. Finally, Quarry LP lifted its stake in Dutch Bros by 83.5% in the 4th quarter. Quarry LP now owns 600 shares of the company’s stock worth $37,000 after purchasing an additional 273 shares in the last quarter. Hedge funds and other 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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