Dutch Bros Inc. (NYSE:BROS) Expected to Earn FY2024 Earnings of $0.38 Per Share

Dutch Bros Inc. (NYSE:BROS - Free Report) - Research analysts at Wedbush increased their FY2024 earnings per share estimates for Dutch Bros in a report issued on Monday, October 14th. Wedbush analyst N. Setyan now anticipates that the company will post earnings per share of $0.38 for the year, up from their previous forecast of $0.36. Wedbush has a "Outperform" rating and a $45.00 price target on the stock. The consensus estimate for Dutch Bros' current full-year earnings is $0.32 per share. Wedbush also issued estimates for Dutch Bros' FY2025 earnings at $0.49 EPS.

Several other equities research analysts also recently commented on the stock. Barclays reduced their price target on shares of Dutch Bros from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Friday, August 9th. Guggenheim raised Dutch Bros from a "neutral" rating to a "buy" rating in a research report on Thursday, August 8th. Piper Sandler downgraded Dutch Bros from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. UBS Group upgraded Dutch Bros from a "neutral" rating to a "buy" rating and set a $39.00 price objective for the company in a research report on Thursday, August 15th. Finally, Stifel Nicolaus dropped their target price on Dutch Bros from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.20.

Dutch Bros Trading Down 0.1 %

Shares of BROS traded down $0.04 during midday trading on Tuesday, hitting $34.20. The stock had a trading volume of 1,354,875 shares, compared to its average volume of 2,743,723. The business has a 50-day simple moving average of $32.31 and a two-hundred day simple moving average of $34.65. The firm has a market cap of $6.06 billion, a P/E ratio of 190.00, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros has a fifty-two week low of $23.31 and a fifty-two week high of $43.49.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $324.92 million during the quarter, compared to the consensus estimate of $317.39 million. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. Dutch Bros's revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share.

Insiders Place Their Bets

In other Dutch Bros news, Chairman Travis Boersma sold 18,223 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $34.13, for a total transaction of $621,950.99. Following the transaction, the chairman now directly owns 263,954 shares of the company's stock, valued at $9,008,750.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman Travis Boersma sold 18,223 shares of Dutch Bros stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $34.13, for a total value of $621,950.99. Following the transaction, the chairman now owns 263,954 shares of the company's stock, valued at $9,008,750.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the firm's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $31.60, for a total transaction of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,885 shares of company stock valued at $36,124,009 over the last ninety days. Corporate insiders own 46.50% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Several large investors have recently made changes to their positions in BROS. Wasatch Advisors LP acquired a new position in shares of Dutch Bros during the first quarter worth approximately $41,988,000. Susquehanna Fundamental Investments LLC acquired a new position in Dutch Bros during the 1st quarter valued at $4,430,000. Janney Montgomery Scott LLC grew its position in Dutch Bros by 96.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company's stock worth $901,000 after purchasing an additional 13,395 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Dutch Bros during the 1st quarter worth about $200,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Dutch Bros during the second quarter valued at about $4,339,000. Institutional investors and hedge funds own 85.54% of the company's stock.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.