What is William Blair's Forecast for Dutch Bros Q3 Earnings?

Dutch Bros Inc. (NYSE:BROS - Free Report) - Equities researchers at William Blair boosted their Q3 2024 EPS estimates for shares of Dutch Bros in a note issued to investors on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $0.09 per share for the quarter, up from their previous estimate of $0.07. The consensus estimate for Dutch Bros' current full-year earnings is $0.32 per share.

Dutch Bros (NYSE:BROS - Get Free Report) last posted its 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. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business had revenue of $324.92 million for the quarter, compared to the consensus estimate of $317.39 million. During the same period last year, the company earned $0.07 EPS. The firm's revenue was up 30.0% compared to the same quarter last year.

A number of other research analysts also recently issued reports on the stock. UBS Group upgraded shares of Dutch Bros from a "neutral" rating to a "buy" rating and set a $39.00 target price on the stock in a research report on Thursday, August 15th. TD Cowen reiterated a "buy" rating and issued a $47.00 target price on shares of Dutch Bros in a research note on Thursday, September 12th. Stifel Nicolaus reduced their target price on shares of Dutch Bros from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Guggenheim raised shares of Dutch Bros from a "neutral" rating to a "buy" rating in a report on Thursday, August 8th. Finally, Robert W. Baird dropped their price objective on shares of Dutch Bros from $42.00 to $37.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.20.

Dutch Bros Trading Up 1.1 %

Shares of NYSE BROS traded up $0.38 during midday trading on Monday, reaching $35.91. The stock had a trading volume of 1,346,665 shares, compared to its average volume of 2,699,114. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 199.44, a price-to-earnings-growth ratio of 2.55 and a beta of 2.49. Dutch Bros has a twelve month low of $23.31 and a twelve month high of $43.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.19. The company's 50 day moving average price is $32.82 and its 200 day moving average price is $34.79.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new stake in shares of Dutch Bros during the 1st quarter valued at $26,000. Arcadia Investment Management Corp MI bought a new position in Dutch Bros during the 2nd quarter valued at about $27,000. Jamison Private Wealth Management Inc. lifted its stake in Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company's stock valued at $27,000 after acquiring an additional 500 shares during the period. Quest Partners LLC lifted its stake in Dutch Bros by 3,321.7% during the 2nd quarter. Quest Partners LLC now owns 787 shares of the company's stock valued at $33,000 after acquiring an additional 764 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Dutch Bros during the 3rd quarter valued at about $38,000. 85.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction that occurred 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 transaction, the insider now directly owns 467,228 shares of the company's stock, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction that occurred 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 transaction, the insider now directly owns 467,228 shares of the company's stock, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 800 shares of Dutch Bros stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares in the company, valued at approximately $14,938,496. The trade was 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 have sold 1,128,885 shares of company stock worth $36,124,009. Insiders own 46.50% of the company's stock.

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.