Dutch Bros (NYSE:BROS – Get Rating) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports. They presently have a $32.00 price target on the stock, down from their previous price target of $38.00. JPMorgan Chase & Co.’s target price indicates a potential downside of 1.39% from the stock’s previous close.
BROS has been the subject of several other reports. Wedbush upgraded Dutch Bros from a “neutral” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Wednesday, April 5th. TD Cowen lowered Dutch Bros from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $39.00 to $33.00 in a research note on Wednesday. Barclays lifted their price objective on Dutch Bros from $29.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 26th. Cowen reissued an “outperform” rating and set a $43.00 price objective on shares of Dutch Bros in a research note on Thursday, February 23rd. Finally, Stifel Nicolaus dropped their price target on Dutch Bros from $37.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, April 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.92.
Dutch Bros Stock Performance
Shares of Dutch Bros stock opened at $32.45 on Wednesday. The business’s fifty day simple moving average is $31.35 and its 200 day simple moving average is $33.24. The firm has a market capitalization of $1.48 billion, a P/E ratio of -324.47 and a beta of 2.65. Dutch Bros has a 12 month low of $20.05 and a 12 month high of $54.18. The company has a current ratio of 0.39, a quick ratio of 0.20 and a debt-to-equity ratio of 1.32.
Dutch Bros (NYSE:BROS – Get Rating) last released its earnings results on Wednesday, February 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.14). Dutch Bros had a negative return on equity of 3.27% and a negative net margin of 0.64%. The firm had revenue of $201.83 million during the quarter, compared to analysts’ expectations of $197.73 million. As a group, analysts anticipate that Dutch Bros will post -0.05 EPS for the current year.
Institutional Investors Weigh In On Dutch Bros
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System lifted its stake in shares of Dutch Bros by 3.8% in the 4th quarter. Arizona State Retirement System now owns 7,255 shares of the company’s stock valued at $205,000 after acquiring an additional 268 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Dutch Bros by 39.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,100 shares of the company’s stock valued at $31,000 after acquiring an additional 309 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Dutch Bros by 70.9% in the 3rd quarter. Signaturefd LLC now owns 812 shares of the company’s stock valued at $25,000 after acquiring an additional 337 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Dutch Bros by 28.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,560 shares of the company’s stock valued at $43,000 after purchasing an additional 350 shares during the period. Finally, Truist Financial Corp increased its holdings in Dutch Bros by 3.9% during the 3rd quarter. Truist Financial Corp now owns 10,236 shares of the company’s stock valued at $319,000 after purchasing an additional 386 shares during the period.
About Dutch Bros
Dutch Bros Inc operates and franchises drive-thru shops. It offers Dutch Bros hot and cold espresso-based beverages, and cold brew coffee products, as well as Blue Rebel energy drinks, tea, lemonade, smoothies, and other beverages through company-operated shops and online channels. As of May 11, 2022, it operated 572 drive-thru coffee locations across 12 states in the United States.