Dutch Bros (NYSE:BROS – Free Report) had its price objective decreased by BNP Paribas Exane from $77.00 to $54.00 in a research report released on Thursday morning,Benzinga reports. BNP Paribas Exane currently has an outperform rating on the stock.
Other research analysts have also issued research reports about the company. Oppenheimer decreased their target price on Dutch Bros from $66.00 to $54.00 and set an “outperform” rating for the company in a research report on Thursday. Morgan Stanley cut their target price on Dutch Bros from $88.00 to $71.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Telsey Advisory Group set a $56.00 price target on shares of Dutch Bros in a research note on Thursday. Wells Fargo & Company decreased their target price on Dutch Bros from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Mizuho set a $55.00 price target on shares of Dutch Bros in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.83.
Read Our Latest Analysis on BROS
Dutch Bros Trading Down 21.3%
BROS stock opened at $34.60 on Thursday. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 44.36, a PEG ratio of 1.37 and a beta of 1.97. Dutch Bros has a 52 week low of $33.98 and a 52 week high of $74.02. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $41.78 and a 200-day simple moving average of $53.02.
Dutch Bros (NYSE:BROS – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Dutch Bros had a return on equity of 10.68% and a net margin of 5.08%. The firm had revenue of $549.84 million during the quarter, compared to the consensus estimate of $548.27 million. During the same period in the prior year, the firm earned $0.19 EPS. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts expect that Dutch Bros will post 0.88 EPS for the current year.
Insider Buying and Selling at Dutch Bros
In related news, Chairman Travis Boersma sold 1,032,216 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total value of $46,171,021.68. Following the completion of the sale, the chairman owned 1,366,580 shares in the company, valued at approximately $61,127,123.40. This trade represents a 43.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Dm Individual Aggregator, Llc sold 359,284 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $44.73, for a total transaction of $16,070,773.32. Following the completion of the sale, the insider directly owned 1,366,580 shares in the company, valued at $61,127,123.40. This trade represents a 20.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,044,220 shares of company stock valued at $179,732,644. Corporate insiders own 38.90% of the company’s stock.
Institutional Investors Weigh In On Dutch Bros
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its position 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 valued at $221,956,000 after acquiring an additional 851,075 shares during the last quarter. Bank of America Corp DE grew its position in shares of 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 purchasing an additional 454,036 shares during the period. Hyperion Asset Management Ltd increased its position in shares of Dutch Bros by 104.4% during the third quarter. Hyperion Asset Management Ltd now owns 1,222,532 shares of the company’s stock worth $47,141,000 after acquiring an additional 624,488 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Dutch Bros by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,204,326 shares of the company’s stock worth $60,994,000 after purchasing an additional 37,683 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Dutch Bros by 58.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,044,545 shares of the company’s stock valued at $52,917,000 after buying an additional 384,011 shares during 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: Q3 revenue grew about 30% year over year to roughly $550 million, slightly exceeding estimates. Earnings of $0.25 per share also topped the $0.24 consensus. Why Dutch Bros Stock Crashed Today
- Positive Sentiment: The company plans approximately 250 system shop openings in 2027 and is considering hot food and delivery, offering potential avenues for continued expansion. Dutch Bros: 3 Key Takeaways for Long-Term Investors
- Negative Sentiment: Investors appear concerned that Q3 traffic growth slowed and the company’s full-year outlook was cautious or below Wall Street expectations. That guidance concern outweighed the quarterly beat. Dutch Bros tumbles on cautious outlook
- Negative Sentiment: Several analysts lowered price targets following results, including RBC, which also moved to a “sector perform” rating. Other firms retained positive ratings, but the broad target cuts signal a reset in expectations. Dutch Bros Analysts Cut Their Forecasts After Q3 Results
- Negative Sentiment: Chairman Travis Boersma and an associated major shareholder sold substantial amounts of stock in transactions under pre-arranged Rule 10b5-1 plans. Such planned sales do not necessarily indicate a change in the company’s outlook, but may add to investor unease. Dutch Bros insider trades
About Dutch Bros
Dutch Bros Inc is a drive-thru beverage company that operates and franchises coffee shops across the United States. The company is known for its made-to-order drinks, fast service and community-focused brand.
Its menu includes hot, iced and blended coffee beverages, along with specialty drinks such as energy drinks, teas, lemonades, smoothies and other noncoffee refreshments. Dutch Bros also offers packaged products and branded merchandise through select locations and digital channels.
Dutch Bros was founded in 1992 in Grants Pass, Oregon, by brothers Dane and Travis Boersma.
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