Dutch Bros (NYSE:BROS) Given Buy Rating at DA Davidson

Dutch Bros (NYSE:BROS)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They presently have a $75.00 price target on the stock. DA Davidson’s price objective suggests a potential upside of 39.34% from the stock’s current price.

Several other equities analysts also recently commented on the company. Piper Sandler upped their price objective on Dutch Bros from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wolfe Research began coverage on Dutch Bros in a research note on Monday, March 9th. They set an “outperform” rating and a $77.00 price target on the stock. Morgan Stanley restated an “overweight” rating and set a $87.00 price target on shares of Dutch Bros in a research note on Thursday, May 7th. Citigroup raised their price target on Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane began coverage on Dutch Bros in a research note on Monday, March 30th. They set an “outperform” rating and a $73.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dutch Bros has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Dutch Bros Trading Down 2.3%

Dutch Bros stock traded down $1.29 during mid-day trading on Thursday, hitting $53.83. The company’s stock had a trading volume of 1,095,772 shares, compared to its average volume of 4,750,186. The company has a 50 day moving average of $52.50 and a 200-day moving average of $55.70. The stock has a market cap of $9.40 billion, a PE ratio of 84.10, a P/E/G ratio of 1.72 and a beta of 2.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 1.33. Dutch Bros has a one year low of $44.58 and a one year high of $77.88.

Dutch Bros (NYSE:BROS) 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 company had revenue of $464.41 million for the quarter, compared to the consensus estimate of $449.70 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.Dutch Bros’s quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. On average, research analysts anticipate that Dutch Bros will post 0.83 EPS for the current year.

Insider Activity at Dutch Bros

In related news, Director Todd Allan Penegor acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $51.17 per share, with a total value of $102,340.00. Following the completion of the transaction, the director directly owned 5,358 shares in the company, valued at $274,168.86. This trade represents a 59.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its position in Dutch Bros by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 18,625 shares of the company’s stock valued at $975,000 after purchasing an additional 200 shares in the last quarter. D.A. Davidson & CO. boosted its position in Dutch Bros by 0.4% during the first quarter. D.A. Davidson & CO. now owns 57,042 shares of the company’s stock valued at $2,890,000 after purchasing an additional 211 shares in the last quarter. AdvisorShares Investments LLC boosted its position in Dutch Bros by 7.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,164 shares of the company’s stock valued at $194,000 after purchasing an additional 212 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Dutch Bros by 4.8% during the third quarter. Verdence Capital Advisors LLC now owns 4,732 shares of the company’s stock valued at $248,000 after purchasing an additional 217 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Dutch Bros by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,466 shares of the company’s stock valued at $151,000 after purchasing an additional 221 shares in 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.