Dutch Bros (NYSE:BROS) Posts Quarterly Earnings Results

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

Dutch Bros Trading Up 28.1 %

NYSE BROS traded up $9.82 during trading on Thursday, hitting $44.76. The company had a trading volume of 20,541,810 shares, compared to its average volume of 2,792,382. The company’s fifty day moving average is $33.53 and its 200-day moving average is $34.99. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 179.04, a price-to-earnings-growth ratio of 3.64 and a beta of 2.47. The company has a current ratio of 2.19, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Dutch Bros has a one year low of $25.46 and a one year high of $50.24.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BROS shares. Wedbush lifted their target price on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday. Guggenheim raised shares of Dutch Bros from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. Barclays cut their price target on shares of Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Stifel Nicolaus decreased their price target on shares of Dutch Bros from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, TD Cowen lifted their price objective on Dutch Bros from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dutch Bros currently has an average rating of “Moderate Buy” and a consensus target price of $43.60.

Insider Activity at Dutch Bros

In other Dutch Bros news, Chairman Travis Boersma sold 426,891 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $31.59, for a total value of $13,485,486.69. Following the completion of the sale, the chairman now directly owns 467,228 shares in the company, valued at $14,759,732.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Dm Individual Aggregator, Llc sold 28,710 shares of Dutch Bros stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $32.02, for a total transaction of $919,294.20. Following the completion of the transaction, the insider now directly owns 432,518 shares of the company’s stock, valued at $13,849,226.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Travis Boersma sold 426,891 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $31.59, for a total transaction of $13,485,486.69. Following the completion of the sale, the chairman now owns 467,228 shares in the company, valued at approximately $14,759,732.52. 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 over the last 90 days. 46.50% of the stock is owned by company insiders.

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.