Freedom Capital Upgrades Dutch Bros (NYSE:BROS) to Strong-Buy

Dutch Bros (NYSE:BROSGet Free Report) was upgraded by stock analysts at Freedom Capital to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on BROS. Barclays cut their target price on Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Wolfe Research assumed coverage on shares of Dutch Bros in a research note on Monday, March 9th. They set an “outperform” rating and a $77.00 price target on the stock. Piper Sandler boosted their price objective on shares of Dutch Bros from $61.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. DA Davidson upped their price objective on shares of Dutch Bros from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, TD Cowen reaffirmed a “buy” rating and set a $73.00 target price on shares of Dutch Bros in a report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Get Our Latest Stock Analysis on Dutch Bros

Dutch Bros Trading Down 1.5%

NYSE BROS opened at $72.17 on Wednesday. The stock’s 50-day simple moving average is $59.40 and its two-hundred day simple moving average is $57.04. Dutch Bros has a twelve month low of $44.58 and a twelve month high of $74.65. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 112.78, a PEG ratio of 2.37 and a beta of 2.31.

Dutch Bros (NYSE:BROSGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.69 million. Dutch Bros had a return on equity of 9.42% and a net margin of 4.61%.The company’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. Research analysts forecast that Dutch Bros will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Christine Barone sold 42,031 shares of Dutch Bros stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $60.13, for a total value of $2,527,324.03. Following the sale, the chief executive officer owned 44,573 shares in the company, valued at $2,680,174.49. The trade was a 48.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 on Thursday, June 11th. The shares were sold at an average price of $63.02, for a total transaction of $47,265,000.00. Following the transaction, the chairman directly owned 2,410,800 shares in the company, valued at approximately $151,928,616. The trade was a 23.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,086,245 shares of company stock valued at $243,021,771 over the last quarter. 38.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Dutch Bros by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 204,705 shares of the company’s stock worth $10,714,000 after purchasing an additional 49,194 shares during the period. Magnetar Financial LLC lifted its position in Dutch Bros by 107.2% during the third quarter. Magnetar Financial LLC now owns 140,590 shares of the company’s stock valued at $7,358,000 after buying an additional 72,751 shares during the period. Engineers Gate Manager LP lifted its position in Dutch Bros by 59.6% during the fourth quarter. Engineers Gate Manager LP now owns 513,525 shares of the company’s stock valued at $31,438,000 after buying an additional 191,734 shares during the period. M&T Bank Corp boosted its holdings in shares of Dutch Bros by 1,559.3% during the 4th quarter. M&T Bank Corp now owns 97,334 shares of the company’s stock valued at $5,959,000 after buying an additional 91,468 shares in the last quarter. Finally, 1492 Capital Management LLC bought a new stake in shares of Dutch Bros during the 4th quarter valued at $1,192,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Key Stories Impacting Dutch Bros

Here are the key news stories impacting Dutch Bros this week:

Dutch Bros Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Dutch Bros (NYSE:BROS)

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