Weekly Investment Analysts’ Ratings Changes for Dutch Bros (BROS)

Dutch Bros (NYSE: BROS) has recently received a number of price target changes and ratings updates:

• 12/19/2024 – Dutch Bros had its price target raised by analysts at JPMorgan Chase & Co. from $48.00 to $58.00. They now have an “overweight” rating on the stock.
• 12/17/2024 – Dutch Bros had its “outperform” rating reaffirmed by analysts at William Blair.
• 12/16/2024 – Dutch Bros had its price target raised by analysts at Jefferies Financial Group Inc. from $45.00 to $60.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Dutch Bros had its price target raised by analysts at UBS Group AG from $44.00 to $65.00. They now have a “buy” rating on the stock.
• 11/14/2024 – Dutch Bros had its price target raised by analysts at Stifel Nicolaus from $42.00 to $53.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Dutch Bros had its price target raised by analysts at Piper Sandler from $36.00 to $51.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Dutch Bros had its price target raised by analysts at Barclays PLC from $31.00 to $38.00. They now have an “equal weight” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at JPMorgan Chase & Co. from $44.00 to $48.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at Wedbush from $45.00 to $55.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at Robert W. Baird from $37.00 to $46.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at UBS Group AG from $39.00 to $44.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Dutch Bros had its price target raised by analysts at TD Cowen from $47.00 to $53.00. They now have a “buy” rating on the stock.

Dutch Bros Price Performance

Shares of NYSE BROS traded up $1.14 during midday trading on Friday, reaching $53.46. 661,422 shares of the company traded hands, compared to its average volume of 2,777,316. Dutch Bros Inc. has a 12 month low of $25.46 and a 12 month high of $56.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.90. The stock’s 50-day simple moving average is $44.94 and its 200-day simple moving average is $38.97. The firm has a market cap of $8.24 billion, a PE ratio of 184.35, a PEG ratio of 3.89 and a beta of 2.72.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $338.20 million for the quarter, compared to analyst estimates of $324.97 million. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. As a group, equities analysts anticipate that Dutch Bros Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Dutch Bros

In other news, Chairman Travis Boersma sold 80,720 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total transaction of $2,908,341.60. Following the transaction, the chairman now owns 125,671 shares of the company’s stock, valued at $4,527,926.13. This represents a 39.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.38, for a total value of $3,867,206.52. Following the completion of the transaction, the insider now owns 9,817 shares in the company, valued at approximately $327,691.46. This represents a 92.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock valued at $19,040,697 in the last three months. Corporate insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Dutch Bros during the 3rd quarter valued at $573,000. Baillie Gifford & Co. bought a new stake in Dutch Bros in the third quarter valued at about $224,461,000. Charles Schwab Investment Management Inc. increased its holdings in Dutch Bros by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock valued at $22,021,000 after purchasing an additional 181,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Dutch Bros by 38.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock valued at $6,817,000 after buying an additional 58,623 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Dutch Bros during the third quarter worth about $1,786,000. 85.54% of the stock is owned by institutional investors.

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.