Q4 Earnings Forecast for Dutch Bros Issued By William Blair

Dutch Bros Inc. (NYSE:BROS) – William Blair reduced their Q4 2024 earnings estimates for shares of Dutch Bros in a note issued to investors on Wednesday, October 23rd. William Blair analyst S. Zackfia now forecasts that the company will earn $0.00 per share for the quarter, down from their prior forecast of $0.01. The consensus estimate for Dutch Bros’ current full-year earnings is $0.32 per share.

Several other analysts also recently commented on the company. TD Cowen reissued a “buy” rating and issued a $47.00 price objective on shares of Dutch Bros in a research note on Thursday, September 12th. Barclays dropped their price objective on Dutch Bros from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Piper Sandler lowered shares of Dutch Bros from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $41.00 to $36.00 in a research note on Monday, August 19th. Guggenheim upgraded shares of Dutch Bros from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Robert W. Baird cut their price target on shares of Dutch Bros from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.20.

Dutch Bros Trading Up 1.8 %

BROS opened at $35.40 on Friday. The firm has a market capitalization of $6.27 billion, a PE ratio of 196.67, a P/E/G ratio of 2.55 and a beta of 2.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.19 and a quick ratio of 1.88. Dutch Bros has a fifty-two week low of $23.31 and a fifty-two week high of $43.49. The company’s 50-day moving average is $32.76 and its 200 day moving average is $34.74.

Dutch Bros (NYSE:BROS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Dutch Bros had a net margin of 1.95% and a return on equity of 3.99%. The business had revenue of $324.92 million during the quarter, compared to analyst estimates of $317.39 million. During the same quarter in the previous year, the business posted $0.07 EPS. Dutch Bros’s quarterly revenue was up 30.0% on a year-over-year basis.

Institutional Trading of Dutch Bros

Several hedge funds and other institutional investors have recently modified their holdings of BROS. Arcadia Investment Management Corp MI bought a new position in Dutch Bros in the 2nd quarter worth approximately $27,000. Quest Partners LLC boosted its holdings in shares of Dutch Bros by 3,321.7% in the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 764 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of Dutch Bros in the first quarter valued at $26,000. Jamison Private Wealth Management Inc. raised its stake in shares of Dutch Bros by 150.2% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Finally, Abound Wealth Management purchased a new stake in Dutch Bros during the 2nd quarter worth about $39,000. Institutional investors own 85.54% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Travis Boersma sold 800 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the completion of the transaction, the chairman now directly owns 466,828 shares of the company’s stock, valued at $14,938,496. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Dm Individual Aggregator, Llc sold 167,315 shares of Dutch Bros stock in a transaction dated 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 completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 800 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the sale, the chairman now directly owns 466,828 shares in the company, valued at approximately $14,938,496. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,128,885 shares of company stock valued at $36,124,009. Company insiders own 46.50% of the company’s stock.

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.