Dutch Bros Inc. (NYSE:BROS) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Dutch Bros Inc. (NYSE:BROS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $39.55.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Dutch Bros from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Monday, June 3rd. Wedbush lifted their price objective on Dutch Bros from $39.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, May 16th. Bank of America raised their target price on Dutch Bros from $44.00 to $49.00 and gave the company a "buy" rating in a research note on Monday, June 10th. Guggenheim restated a "neutral" rating and issued a $30.00 target price on shares of Dutch Bros in a research note on Friday, April 5th. Finally, Robert W. Baird raised their target price on Dutch Bros from $33.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 54,359 shares of Dutch Bros stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total transaction of $1,958,011.18. Following the completion of the transaction, the chairman now owns 1,281,743 shares in the company, valued at $46,168,382.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Dm Individual Aggregator, Llc sold 16,452 shares of the business's stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $36.02, for a total value of $592,601.04. Following the completion of the transaction, the insider now owns 634,543 shares in the company, valued at $22,856,238.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Travis Boersma sold 54,359 shares of the business's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.02, for a total value of $1,958,011.18. Following the completion of the transaction, the chairman now owns 1,281,743 shares of the company's stock, valued at approximately $46,168,382.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,228,068 shares of company stock worth $44,765,154. 46.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Cetera Advisors LLC raised its stake in shares of Dutch Bros by 8.8% in the first quarter. Cetera Advisors LLC now owns 63,584 shares of the company's stock worth $2,098,000 after purchasing an additional 5,139 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Dutch Bros by 537.1% in the first quarter. Cetera Investment Advisers now owns 89,619 shares of the company's stock worth $2,957,000 after acquiring an additional 75,553 shares during the period. Virtu Financial LLC bought a new stake in shares of Dutch Bros in the first quarter worth $319,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of Dutch Bros in the first quarter worth $287,000. Finally, California State Teachers Retirement System grew its holdings in shares of Dutch Bros by 34.7% in the first quarter. California State Teachers Retirement System now owns 67,175 shares of the company's stock worth $2,217,000 after acquiring an additional 17,290 shares during the period. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Trading Up 1.4 %

Shares of BROS stock traded up $0.59 during trading hours on Friday, reaching $42.11. The company's stock had a trading volume of 1,551,331 shares, compared to its average volume of 3,333,489. The stock has a market capitalization of $7.46 billion, a P/E ratio of 233.94, a P/E/G ratio of 6.36 and a beta of 2.53. Dutch Bros has a one year low of $22.67 and a one year high of $42.87. The firm's fifty day simple moving average is $36.47 and its 200 day simple moving average is $32.29. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.86.

Dutch Bros (NYSE:BROS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $275.10 million for the quarter, compared to analyst estimates of $255.71 million. Dutch Bros had a return on equity of 1.99% and a net margin of 1.21%. Equities research analysts expect that Dutch Bros will post 0.29 EPS for the current year.

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.