Dutch Bros (NYSE:BROS) Announces Earnings Results

Dutch Bros (NYSE:BROS) released its earnings results on Wednesday. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04, Briefing.com reports. Dutch Bros had a return on equity of 3.99% and a net margin of 1.95%. The company had revenue of $338.20 million during the quarter, compared to analysts’ expectations of $324.97 million. During the same period last year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. Dutch Bros updated its FY 2024 guidance to EPS.

Dutch Bros Trading Up 5.4 %

Shares of Dutch Bros stock traded up $2.41 during trading hours on Friday, hitting $47.18. The company’s stock had a trading volume of 6,644,807 shares, compared to its average volume of 2,810,135. The company has a market capitalization of $7.27 billion, a PE ratio of 188.72, a price-to-earnings-growth ratio of 3.64 and a beta of 2.47. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. The stock has a 50 day moving average of $33.85 and a 200 day moving average of $35.12. Dutch Bros has a 12 month low of $25.46 and a 12 month high of $50.24.

Insider Activity

In other news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $31.60, for a total value of $5,287,154.00. Following the completion of the transaction, the insider now owns 467,228 shares in the company, valued at $14,764,404.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Travis Boersma sold 800 shares of Dutch Bros stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $32.00, for a total value of $25,600.00. Following the sale, the chairman now owns 466,828 shares of the company’s stock, valued at approximately $14,938,496. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $31.60, for a total value of $5,287,154.00. Following the transaction, the insider now directly owns 467,228 shares of the company’s stock, valued at approximately $14,764,404.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,689,583 shares of company stock worth $55,164,707 in the last 90 days. Corporate insiders own 46.50% of the company’s stock.

Wall Street Analyst Weigh In

BROS has been the topic of a number of research reports. UBS Group upped their target price on shares of Dutch Bros from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird raised their price objective on shares of Dutch Bros from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Dutch Bros from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday. Guggenheim raised Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Piper Sandler cut Dutch Bros from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dutch Bros presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.30.

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.