William Blair Analysts Lift Earnings Estimates for Dutch Bros Inc. (NYSE:BROS)

Dutch Bros Inc. (NYSE:BROS) – Stock analysts at William Blair increased their Q1 2024 EPS estimates for Dutch Bros in a research report issued to clients and investors on Wednesday, April 24th. William Blair analyst S. Zackfia now expects that the company will earn $0.00 per share for the quarter, up from their previous forecast of ($0.01). William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.26 per share. William Blair also issued estimates for Dutch Bros’ Q2 2024 earnings at $0.12 EPS.

A number of other research firms also recently weighed in on BROS. JPMorgan Chase & Co. raised their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Wedbush reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Dutch Bros in a research report on Wednesday, April 10th. Barclays decreased their target price on shares of Dutch Bros from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. Piper Sandler raised shares of Dutch Bros from a “neutral” rating to an “overweight” rating and raised their target price for the company from $32.00 to $37.00 in a research report on Monday, March 4th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Dutch Bros in a research report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.44.

Dutch Bros Stock Down 0.7 %

Dutch Bros stock opened at $28.16 on Monday. The company has a market cap of $4.99 billion, a P/E ratio of 938.67, a price-to-earnings-growth ratio of 4.43 and a beta of 2.41. Dutch Bros has a 1-year low of $22.67 and a 1-year high of $36.17. The company has a fifty day simple moving average of $31.29 and a 200 day simple moving average of $29.10. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $254.12 million during the quarter, compared to the consensus estimate of $254.80 million. Dutch Bros had a net margin of 0.18% and a negative return on equity of 0.54%.

Insiders Place Their Bets

In other Dutch Bros news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total transaction of $271,040,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $33.88, for a total value of $271,040,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dm Individual Aggregator, Llc sold 202,503 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total transaction of $5,682,234.18. Following the completion of the transaction, the insider now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The disclosure for this sale can be found here. Insiders have sold 17,907,188 shares of company stock valued at $561,438,392 in the last ninety days. 46.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cedar Mountain Advisors LLC raised its holdings in Dutch Bros by 61.4% during the third quarter. Cedar Mountain Advisors LLC now owns 1,091 shares of the company’s stock worth $25,000 after buying an additional 415 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Dutch Bros in the 4th quarter worth $40,000. Avior Wealth Management LLC grew its stake in shares of Dutch Bros by 1,610.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock worth $41,000 after acquiring an additional 1,208 shares in the last quarter. Allworth Financial LP grew its stake in shares of Dutch Bros by 41.8% in the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock worth $51,000 after acquiring an additional 471 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its stake in shares of Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock worth $79,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 85.54% 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.