Q3 2024 Earnings Estimate for Dutch Bros Inc. (NYSE:BROS) Issued By Wedbush

Dutch Bros Inc. (NYSE:BROS - Free Report) - Stock analysts at Wedbush lifted their Q3 2024 EPS estimates for Dutch Bros in a research note issued to investors on Monday, October 14th. Wedbush analyst N. Setyan now forecasts that the company will earn $0.12 per share for the quarter, up from their previous forecast of $0.11. 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' Q4 2024 earnings at $0.00 EPS.

Several other equities analysts have also recently issued reports on the company. UBS Group upgraded Dutch Bros from a "neutral" rating to a "buy" rating and set a $39.00 price objective on the stock in a research note on Thursday, August 15th. TD Cowen restated a "buy" rating and issued a $47.00 price target on shares of Dutch Bros in a research report on Thursday, September 12th. Stifel Nicolaus lowered their price objective on shares of Dutch Bros from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Barclays cut their target price on shares of Dutch Bros from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th. Finally, Piper Sandler lowered Dutch Bros from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $41.00 to $36.00 in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.20.

Dutch Bros Stock Performance

NYSE:BROS traded up $0.67 during trading hours on Wednesday, reaching $34.87. 2,339,960 shares of the stock were exchanged, compared to its average volume of 2,741,705. The stock has a market capitalization of $6.18 billion, a P/E ratio of 193.72, a P/E/G ratio of 2.55 and a beta of 2.49. The firm has a 50 day simple moving average of $32.24 and a 200-day simple moving average of $34.65. The company has a quick ratio of 1.88, a current ratio of 2.19 and a debt-to-equity ratio of 0.82. Dutch Bros has a 52 week low of $23.31 and a 52 week high of $43.49.

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

Insider Transactions at Dutch Bros

In other news, Chairman Travis Boersma sold 426,891 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the transaction, the chairman now owns 467,228 shares of the company's stock, valued at approximately $14,759,732.52. This 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 link. In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.02, for a total transaction of $919,294.20. Following the sale, the insider now owns 432,518 shares of the company's stock, valued at $13,849,226.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Travis Boersma sold 426,891 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares of the company's stock, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,128,885 shares of company stock worth $36,124,009. Company insiders own 46.50% of the company's stock.

Hedge Funds Weigh In On Dutch Bros

Hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Dutch Bros in the 2nd quarter worth approximately $27,000. Quest Partners LLC boosted its holdings in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company's stock worth $33,000 after buying an additional 764 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Dutch Bros in the first quarter worth approximately $26,000. Jamison Private Wealth Management Inc. increased its holdings in shares of Dutch Bros by 150.2% in the third quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after buying an additional 500 shares in the last quarter. Finally, Abound Wealth Management acquired a new stake in shares of Dutch Bros during the 2nd quarter valued at $39,000. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Dutch Bros Company Profile

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.