Dutch Bros (NYSE:BROS) Issues Quarterly Earnings Results

Dutch Bros (NYSE:BROS) posted its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03, Zacks reports. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%.

Dutch Bros Trading Up 0.9 %

Shares of NYSE:BROS traded up $0.58 during trading on Wednesday, hitting $64.77. The company had a trading volume of 5,304,621 shares, compared to its average volume of 2,495,476. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 223.35, a price-to-earnings-growth ratio of 3.88 and a beta of 2.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The company has a fifty day simple moving average of $57.54 and a two-hundred day simple moving average of $44.11. Dutch Bros has a one year low of $26.32 and a one year high of $68.47.

Analyst Ratings Changes

Several brokerages recently weighed in on BROS. UBS Group upped their target price on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America increased their price objective on shares of Dutch Bros from $61.00 to $72.00 and gave the company a “buy” rating in a report on Monday, January 27th. William Blair reiterated an “outperform” rating on shares of Dutch Bros in a research report on Tuesday, December 17th. Wedbush raised their target price on shares of Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price target on shares of Dutch Bros from $36.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Dutch Bros currently has a consensus rating of “Buy” and a consensus price target of $60.09.

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.