Dutch Bros (NYSE:BROS - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Dutch Bros has set its FY 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.
Dutch Bros (NYSE:BROS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $317.39 million. During the same quarter last year, the firm earned $0.07 earnings per share. The business's revenue for the quarter was up 30.0% on a year-over-year basis. On average, analysts expect Dutch Bros to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Dutch Bros Stock Performance
Shares of Dutch Bros stock traded down $1.66 during trading on Wednesday, hitting $33.44. 2,598,250 shares of the company's stock traded hands, compared to its average volume of 2,694,265. The business has a 50-day simple moving average of $33.00 and a 200-day simple moving average of $34.84. Dutch Bros has a 1 year low of $23.31 and a 1 year high of $43.49. The stock has a market capitalization of $5.16 billion, a P/E ratio of 133.68, a PEG ratio of 2.55 and a beta of 2.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88.
Insiders Place Their Bets
In related news, Chairman Travis Boersma sold 80,720 shares of Dutch Bros stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the sale, the chairman now owns 125,671 shares in the company, valued at $4,527,926.13. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the transaction, the insider now directly owns 432,518 shares in the company, valued at approximately $13,849,226.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Travis Boersma sold 80,720 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the completion of the transaction, the chairman now directly owns 125,671 shares of the company's stock, valued at $4,527,926.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,249,928 shares of company stock worth $40,485,189 over the last quarter. Company insiders own 46.50% of the company's stock.
Analysts Set New Price Targets
Several brokerages have weighed in on BROS. Wedbush reaffirmed an "outperform" rating and set a $45.00 price target on shares of Dutch Bros in a report on Monday, October 14th. TD Cowen reaffirmed a "buy" rating and issued a $47.00 target price on shares of Dutch Bros in a report on Thursday, September 12th. UBS Group upgraded Dutch Bros from a "neutral" rating to a "buy" rating and set a $39.00 price target for the company in a research note on Thursday, August 15th. Piper Sandler lowered Dutch Bros from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Finally, Guggenheim upgraded Dutch Bros from a "neutral" rating to a "buy" rating in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Dutch Bros has a consensus rating of "Moderate Buy" and an average price target of $40.20.
Read Our Latest Research Report on Dutch Bros
About Dutch Bros
(
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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.
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