Dutch Bros (NYSE:BROS) Price Target Cut to $52.00 by Analysts at KeyCorp

Dutch Bros (NYSE:BROS) had its price target reduced by KeyCorp from $59.00 to $52.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Dutch Bros from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Melius Research cut their price target on shares of Dutch Bros from $95.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, September 18th. Raymond James Financial set a $59.00 price objective on shares of Dutch Bros in a research note on Friday, September 18th. UBS Group decreased their price objective on Dutch Bros from $85.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 26th. Finally, Oppenheimer reaffirmed a “positive” rating on shares of Dutch Bros in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.83.

Dutch Bros Trading Down 21.3%

Shares of NYSE BROS opened at $34.60 on Thursday. The company’s 50 day simple moving average is $41.78 and its 200 day simple moving average is $53.02. Dutch Bros has a fifty-two week low of $33.98 and a fifty-two week high of $74.02. The firm has a market capitalization of $6.04 billion, a P/E ratio of 44.36, a P/E/G ratio of 1.37 and a beta of 1.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 1.19.

Dutch Bros (NYSE:BROS) last released its earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $549.84 million during the quarter, compared to analyst estimates of $548.27 million. Dutch Bros had a net margin of 5.08% and a return on equity of 10.68%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. On average, analysts predict that Dutch Bros will post 0.88 EPS for the current year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 1,032,216 shares of Dutch Bros stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total transaction of $46,171,021.68. Following the completion of the transaction, the chairman directly owned 1,366,580 shares in the company, valued at approximately $61,127,123.40. The trade was a 43.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.73, for a total value of $16,070,773.32. Following the transaction, the insider directly owned 1,366,580 shares in the company, valued at $61,127,123.40. The trade was a 20.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,044,220 shares of company stock worth $179,732,644 in the last 90 days. Corporate insiders own 38.90% of the company’s stock.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BROS. Ancora Advisors LLC acquired a new position in shares of Dutch Bros in the second quarter valued at approximately $29,000. Archer Investment Corp bought a new position in shares of Dutch Bros during the second quarter worth approximately $101,000. GK Wealth Management LLC bought a new position in shares of Dutch Bros during the third quarter worth approximately $56,000. State of Wyoming acquired a new stake in Dutch Bros during the 3rd quarter worth approximately $66,000. Finally, Harbor Investment Advisory LLC lifted its holdings in Dutch Bros by 77.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,030 shares of the company’s stock worth $146,000 after purchasing an additional 884 shares during the last quarter. 85.54% of the stock is owned by institutional investors.

Key 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.