Dutch Bros Inc. (NYSE:BROS) Forecasted to Earn FY2024 Earnings of $0.27 Per Share

Dutch Bros Inc. (NYSE:BROS) – Analysts at Wedbush lowered their FY2024 earnings per share (EPS) estimates for shares of Dutch Bros in a research report issued to clients and investors on Thursday, May 2nd. Wedbush analyst N. Setyan now expects that the company will post earnings per share of $0.27 for the year, down from their previous forecast of $0.28. Wedbush currently has a “Outperform” rating and a $37.00 price target on the stock. The consensus estimate for Dutch Bros’ current full-year earnings is $0.25 per share. Wedbush also issued estimates for Dutch Bros’ FY2025 earnings at $0.32 EPS.

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

A number of other brokerages also recently issued reports on BROS. Guggenheim restated a “neutral” rating and issued a $30.00 price target on shares of Dutch Bros in a research report on Friday, April 5th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a report on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective on shares of Dutch Bros in a research note on Wednesday, April 3rd. TD Cowen reaffirmed a “hold” rating and set a $33.00 target price on shares of Dutch Bros in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. boosted their price target on Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Dutch Bros Stock Performance

Shares of BROS stock opened at $28.42 on Monday. The stock has a market capitalization of $5.03 billion, a PE ratio of 947.33, a PEG ratio of 4.33 and a beta of 2.43. The business’s 50 day simple moving average is $31.22 and its 200 day simple moving average is $29.16. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.49 and a quick ratio of 1.15. Dutch Bros has a one year low of $22.67 and a one year high of $36.17.

Insider Transactions at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 404,950 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.06, for a total transaction of $11,362,897.00. Following the completion of the sale, the chairman now owns 1,378,683 shares in the company, valued at approximately $38,685,844.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Tsg7 A. Management Llc sold 8,000,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $28.90, for a total value of $231,200,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Travis Boersma sold 404,950 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $28.06, for a total value of $11,362,897.00. Following the sale, the chairman now owns 1,378,683 shares of the company’s stock, 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 over the last ninety days. 46.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dutch Bros

A number of hedge funds have recently bought and sold shares of BROS. Raymond James Financial Services Advisors Inc. boosted its holdings in Dutch Bros by 13.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,710 shares of the company’s stock worth $1,086,000 after purchasing an additional 5,406 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Dutch Bros by 27.5% during the third quarter. Bank of New York Mellon Corp now owns 30,973 shares of the company’s stock valued at $720,000 after acquiring an additional 6,681 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dutch Bros by 50.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,381 shares of the company’s stock worth $218,000 after acquiring an additional 3,154 shares during the period. Inspire Advisors LLC boosted its position in Dutch Bros by 31.5% in the third quarter. Inspire Advisors LLC now owns 14,635 shares of the company’s stock worth $340,000 after purchasing an additional 3,507 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Dutch Bros by 59.7% in the 3rd quarter. TD Asset Management Inc now owns 23,778 shares of the company’s stock valued at $553,000 after purchasing an additional 8,890 shares during the period. 85.54% of the stock is owned by hedge funds and other institutional investors.

About Dutch Bros

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.